(Finance) – At 31 December 2024, Profile Bank and its subsidiaries close the 2024 exercise with a net profit of 9.3 million euros (-23.4% a/a), in a reduction of 2.8 million euros compared to the result of the last year, which ” He had benefited from a favorable rates and inflation scenario for the bank’s business model.
There Total customers collectionincluding net trustee collection, it stands at 6.5 billion euros (+7.7% a/a), growing of approximately 0.5 billion euros compared to 6.0 billion euros of 31 December 2023. There Direct collection increases by 500.4 million euros, going from 1,323.8 million euros of 31 December 2023 to 1,824.2 million euros of 31 December 2024. The indirect collectionexcluding the net trustee collection, remains stable, going from 3,836.2 million euros of 31 December 2023 to 3,837.9 million euros of 31 December 2024 The property management amount to 876.3 million euros.
ll Total net revenues of 2024 is equal to 72.8 million euros (-5.0% a/a), in a reduction of 3.8 million euros compared to the 76.6 million euros of the previous year, which had benefited from a scenario of more favorable rates and inflation.
The margin of interest of 2024 is equal to 22.1 million euros (-20.8% a/a) in reduction compared to 28.0 million euros of the past exercise. On the comparison year on the year the highest cost of the funding related to the increase in direct collection and the lower benefit of the inflation rate on ownership securities, only partially compensated by the greater performance of the assets, both in the securities and in that of the Employees in private and investment banking.
They are equal to 24.2 million euros, in reduction compared to the 2023 data (-17.1% a/a). The reduction is attributable to non -recurring situations (renovation of an industrial club and rescue of the Eurovita insurance company), to the commissions relating to the corporate advisory activity of investment banking, partially compensated by the performance commissions on property management, by Commissions on the placements of private banking and corporate funding.
The net result of financial assets and dividendsequal to 25.9 million euros, growing 7.7 million compared to 18.2 million euros in the same period last year. The increase was made through an active management of the banking book where some profit sockets were made on government securities (BTP and Bund) and on Corporate Bond.
The Operational management resultequal to 15.3 million euros (-25.2% a/a), is reduced by 5.2 million euros compared to 2023 equivalent to a 79.0% cost , 3% of 2023.
The profit of the tax of taxes In 2024 it ends with an amount equal to 13.6 million euros (-21.1% a/a), in reduction compared to the 17.3 million euros detected in 2023.
The State Consolidated at 31 December 2024 highlights a total of the assets equal to 2.5 billion euros against 2.1 billion euros in the end of December 2023 (+19.1% a/a) following, mainly, of an increase in Banking Book. The group’s net assets are equal to 161.4 million euros in reduction of 4.6 million compared with the data to 31 December 2023 following lower reserves from
assessment.
Consolidated Funds of Banca Profile on 31 December 2024 are equal to 130.3 million euros, with a consolidated CET1 Ratio of 22.18%. The Cet 1 Capital Ratio consolidated Fully Loaded is equal to 22.16%, largely greater than the regulatory requirements and among the highest in the category. The slight negative variation of the exercise is mainly due to a decrease in the evaluation reserve.
The LCR liquidity indicator (Liquidity Coverage Ratio), determined on the consolidated prudential perimeter, is equal to 281%.