Banca Centro Emilia, 2021 profit of 4.7 million: the highest in the last 10 years

EU banks rate expectations untouched by Ukraine Well positioned

(Finance) – Banca Centro Emiliaan institution that belongs to the Cassa Centrale Banca Banking Group, closed 2021 with a profit of 4.68 million eurosthe highest in the last 10 years and up by 88.9% on 2020. Tier One went from 17.01% in 2020 to 17.63%. Lending activities in favor of businesses and households in the area recorded a +73.71 million euro (+ 8.08%) in 2021 compared to 2020. Coverage on non-performing loans was further expanded, reaching 76.35% from 67.83% in 2020, withGross NPL ratio which drops from 5.82% to 3.66% and that net at 0.90%.

The assembly, which was held for the third time in the manner of the representative, also expressed its opinion on the proposal for the renewal of corporate offices, approving the entry of two female presences: Silvia Grandi (chairman of the BoD of Copma Soc. Coop.) e Ilaria Manghi (director of the Bologna Business School – University of Bologna). Confirmed in Board of Directors Giuseppe Accorsi, Simone Donati, Nicola Fabbri, Davide Frascari, Stefano Gallerani, Carlo Maffei and Dante Pola.

While expressing satisfaction with the 2021 results, the DG Giovanni Govoni is already looking at the difficult situation of recent months: “Now the war, international tensions and the repercussions in terms of price increases, especially of raw materials, are outlining new scenarios for the current year that is difficult to read; in this situation of uncertainty, we will try to make even more use of our ability to oversee the territory by favoring direct relationships and closeness to customers “.

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