(Finance) – The Board of Directors of Credemchaired by Lucio Igino Zanon of Valgirata, today approved the preliminary consolidated results at 31 December 2024. The group has “again Confirmed assetsthe quality of the assets and a high level of profitability thanks to the effectiveness of the business model based on a strong diversification of the sources of revenue and the ability to generate sustainable value and well -being over time for customers, people, shareholders e The community “. The results of 2024, explains the group in the note of the accounts,” finally allow to provide for the distribution of a dividend equal to 0.75 euros per share, an increase of over 15% Compared to 2023, equal to a coupon of 6.5% of the current evaluation of the security “.
2024 closed with a consolidated net profit equal to 620.1 million euros (+10.3% a/a), after having sent 33 million euros of contributions to funds for the management of banks in difficulty and over 4 million euros for the guarantee fund for life policies, customers loans have reached 36.4 billion euros (+1.8% a/a), over 181 thousand new customers were acquired, the total collection From customers reaches a total of 105.2 billion euros (+9.0% a/a), the ratio between problematic gross uses and gross jobs (Gross Npl Ratio) was 1.81%, compared to 2.63 % of the average of Italian significant banks and at 2.31% average of European banks, the relationship between deteriorated credits Netti (Npl Netti) and net uses stood at 0.74% and the cost of the credit was 12 BPS.
At the end of December 2024, in addition, the Common Equity Tier 1 Ratio at the banking group level is equal to 16.7%, Common Equity Tier 1 Supervision rationale at 15.5% compared to 8.01% minimum assigned by ECB also including the SYRB , the new additional buffer introduced by the Bank of Italy. The Root Annualized stands at 18.5% and the annualized ROE at 16.1%.
“In a macroeconomic and social scenario characterized by frequent discontinuity and within a banking sector that is experiencing a profound evolutionary phase, both for the strong technological thrust, and for a competitive context characterized by consolidation hypotheses, I believe that Our service model can offer a solid point of reference to families and businesses and more generally to all those who cooperate with the group, “he said Angelo Campani, general manager of Credem. “We closed a extraordinary year“, Campani continued,” in which our organic growth strategy has continued to generate absolutely important results, with constant development of all bank aggregates. We are continuing decisively in investments for technological and digital evolution and we can benefit from a solid competitive positioning thanks to our offer model that guarantees us diversified revenues, even in a scenario for reducing rates. For the future We aim to continue our development pathkeeping the orientation firm to create sustainable value even in the long run, “concluded Campani.
At the end of December 2024 the intermediation margin It stands at € 2,032.3 million, compared to € 1,909.1 million of the previous year (+6.5% A/A). The cost/income stands at 44.5% compared to 43.6% to 31 December 2023.
The gross management result it is € 1,128.8 million compared to € 1,077.1 million in the same period of the previous year (+4.8%). The depreciation is € 107.4 million compared to € 104.9 million in late December 2023 (+2.4% A/A).
The operating result It stands at € 1,021.4 million compared to € 972.2 million at 31 December 2023 (+5.1% A/A).
THE’Useful doors tax It stands at € 911.1 million compared to € 825.1 million at 31 December 2023 (+10.4% A/A), while income tax amount to € 291.0 million (€ 263 million in late December 2023 , +10.7% A/A).
There Overall collection of customers At the end of December 2024 he stands at € 105,214 million compared to € 96,525 million in the same period of the previous year (+9.0% A/A). The total collection amounts to € 122,298 million compared to € 111,979 million in late December 2023 (+9.2% A/A). In particular, the Direct collection From customers reaches € 39,249 million compared to € 37,163 million at 31 December of the previous year (+5.6% A/A). The total direct collection is equal to € 43,953 million compared to € 42,385 million in late December 2023 (+3.7% A/A). The insurance collection stands at € 9,396 million, +15.0% compared to € 8,173 million in the same period last year. The prizes related to life protection and damage guarantees are € 88 million (+5% a/a). There indirect collection from customers it is € 56,570 million compared to € 51,189 million in late December 2023 (+10.5% A/A).
The use to customers They are at € 36,363 million compared to € 35,715 million in the same period of 2023, growing 1.8% A/A (in the same period the system is falling by 1.6%) with constant attention to the quality of the wallet.