(Tiper Stock Exchange) – Bank System closed the first quarter with a pre-tax profit of 5.9 million euros, down 12% on the previous year, while the net profit stands at 3.7 million.
The interest margin, equal to 20.6 million, is essentially stable over the year, while interest income increases by 70%. The commissions net income, equal to 4.6 million, increased from 3.7 million in the same period of 2022, mainly due to the greater contribution of fee income from pledge loans. The mbrokerage bank it stands at 25.3 million, up 3% on the year and substantially in line with the last quarter of 2022, with a higher cost of funding to date.
THE capital ratios are up compared to comparable data as at 31 December 2022: CET1 ratio 12.0%; TIER 1 ratio 15.2%; Total capital ratio 15.3%.
There subsidiary Kruso Kapitalwhich some time ago raised the possibility of a listing on the Stock Exchange, closed the quarter with a net profit of 655 thousand eurosup 17% year over year.
At a commercial level, the company, with its network of 14 ProntoPegno brand branches in Italy, generated volumes of Euro 49.3 million, up 10.3% y/y (Euro 44.2 million in the same period of 2022). . Loans at the end of March 2023 amounted to 109.3 million, compared to 92.3 million in March 2022, up by 19%.