(Finance) – TheNet income consolidated of Believe me in 2023 it stands at 562.1 million euros (after having spent 57.1 million euros in contributions to funds for the management of banks in difficulty). The result increased by 72.4% compared to the same period of the previous year and was influenced by the positive trend of the financial margin, as well as by the contained cost of risk.
There financial soliditythe quality of the assets and the excellent results achieved, also due to a wide diversification of revenue sources, explains the bank in a note, allow us to foresee the distribution of a dividend equal to 0.65 euros per share compared to 0.33 euros in 2022, divided into an ordinary dividend of 0.45 euros per share and an extraordinary dividend of a further 0.20 euros per share with ex-dividend date, for the extraordinary component, at the beginning of the fourth quarter of 2024. The total dividend amount is 221.4 million euros, up 97.4% compared to last year, over 500 million euros in the last five years.
Return on capital (ROE) 16.3%, ROTE(2) 19%. The intermediation margin stood at 1,923.2 million euros (+30.1%
compared to the end of December 2022.
Capital adequacy indicators at the top of the system in Italy and Europe to protect customers and the market: Common Equity Tier 1 Ratio at banking group level at 15.5%, Common Equity Tier 1 Supervisory Ratio at 14.2%, 664 basis points higher than the minimum 7.60% assigned by the ECB.
Low incidence of problem loans (Gross NPL Ratio) equal to 1.94% of loans, compared to the average 2.77% of Italian banks and the
2.27% average of European banks. Relationship between impaired loans net (net NPL) and net loans at 0.79%.
The institute is the most solid at European level based on capital requirements (SREP) of the banks supervised directly by the authority
Frankfurt published in December 2023 on the website of the European Central Bank.
“The excellent results achieved effectively express the capacity for resilience and development of the Group,” he declared Angelo Campani, General Director of Credem. “This year too we continued to support the projects of families and businesses, with an omnichannel, diversified, digital, sustainable and attentive to customer needs model”, continued Campani. “We are aware that uncertainties remain for the future context, but we believe that maintaining our focus on creating value over time by promoting the sustainable well-being of our customers and responsibly protecting savings is the right way to also contribute to supporting the country. In this path, as always, the people of the Group will be central, who with their work guarantee healthy and long-term growth on a daily basis”, concluded Campani.