(Tiper Stock Exchange) – Popular Credit Bank closed the first six months ended June 30, 2023 with a Net income equal to 6.4 million is up 37% compared to the result of the first half of 2022.
“Despite the national and international economic situation still characterized by elements of uncertainty – explains the institution in a note – the net result for the period shows a generalized growth of its components, confirming the positive effects of the merger by incorporation of Banca Regionale of development”.
There global collection is equal to 3,288 million, up by 5.7% compared to the end of the 2022 financial statements. The customer jobs amounted to over 1.8 billion with a growth of 3.6%.
There asset quality confirmed to be in line with the values at the end of 2022. Net NPL Ratio at 3.16%, a slight improvement compared to 3.21% at the end of 2022. The total coverage of non-performing loans is up by 344 bps reaching 49, 38% vs. 45.94%
detected at the end of 2022.
THE capital strength coefficients CET1 and TCR are equal to 15.01%, above the supervisory regulatory limits, as are the liquidity ratios LCR and NSFR which stand at 235% and 132% respectively, both up compared to the values at the end of 2022.