(Telestock) – Savings Bank of Asti closed the first semester 2024 with a Net income individual and consolidated equal to 29.7 respectively
million euros (+11.1%) and 25.4 million euros (+39.6%). The interest margin amounts to 154.68 million euros, an increase of 16.93% compared to the figure of 30 June 2023. As of 30 June 2024, the cost/incomewhich corresponds to the ratio between operating costs and gross intermediation margin is equal to 59.6%.
An increase in the trust fund from customers (+550 million from December 2023 and +1,100 million from June 2023), supported in particular by the growth of administered savings (+8% from December 2023, +16% from June 2023) and managed savings (+6% from December 2023, +7% from June 2023), while the direct collection is substantially constant compared to December 2023 and increased by 4% from June 2023.
THE net credits to customersentirely represented by economic uses, stood at 7.4 billion euros, a slight decrease of 0.19% compared to 12/31/2023 (compared to the -1.7% recorded by the Italian banking system in the same period).
Strengthening of the financial strength: CET 1 Ratio at 15.1%, Tier 1 Ratio at 16.8% and Total Capital Ratio at 17.3%. The robustness of the liquidity situation was confirmed: Liquidity Coverage Ratio (LCR) at 223.9% and Net Stable Funding Ratio (NSFR) at 169.1%.
Cassa di Risparmio di Asti specifies that they are currently underway ordinary inspections by the Bank of Italy and that the results highlighted so far are included in the results to the extent relevant.