(Finance) – The South Tyrolean bank Volksbank closed the 2024 with a net profit growing at 126 million euros, an increase of 25% compared to the very positive 2023 and reaching an excellent net profitability, with a yield of the tangible heritage (Rotte) to 13.9%, a level well higher than the expectations of European shareholders.
The financial margin records an increase of 5.5%, reaching around 389 million euros, thanks to a growth of the commission margin (+5.4%) and the net result of the financial portfolio and a margin holding from interest.
The intermediate masses From customers reach 21.9 billion euros (up 3.3% compared to 21.2 billion euros in 2023). In particular, the liquidity of families and businesses grew by around 250 million euros, net credits to customers of around 15 million euros and indirect collection (mutual investment funds, bonds, shares, life insurance, etc.) is grown by over 425 million euros.
The Cost of risk credit remains permanently low, content to 1 base point, thanks to the contribution of built -in filming on the deteriorated portfolio that has compensated the provisions on the newly classified positions. The net share of the portfolio of debrious credits on the overall portfolio (Npl Netto Ratio) It went further to 1.7% (1.9% in 2023). The roofs of the deteriorated wallet are 59% stable in contrast and well above the system.
“The 2024 data further confirm the growing solidity of Volksbank with the net assets that exceeds the billion euros and the consequent strengthening of the property indicators – commented Deputy General Director Georg Mair Am Tinkhof – very important in the year was the diversification of the Funding sources with the issue of a banking obligation guaranteed for 300 million euros and the greater customers (moreover very well fractional) which made it possible to strengthen the available reserves. In 2025 the attention will be paid to the additional stabilization of the bank’s results compared to the volatility of the macroeconomic scenarios, in particular as regards the rate risk, the commissions and the further diversification of the bank securities portfolio “.
The Board of Directors will propose 50 million euros to the assembly dividend (1 euro per share).