(Finance) – Banco di Desio and Brianza closed the financial year on December 31, 2021, which saw a “strong increase in profitability“, with consolidated net profit to 54.9 million (+ 131.7%), operating margin growing (+ 40.4%) e cost income ratio a net reduction (61.4% ex 68.4%) 1.
The balance sheet data show a “continuous improvement of the risk profile“, with NPL ratio at 4.1% (formerly 5.4%), coverage of impaired loans at 50.8% (formerly 47.5%) and of performing loans at 0.94% (formerly 0.72%), and capital strengthening (Cet1 of the Banco Desio group +96 bps compared to 31.12.20).
Allocation of net profit proposed to shareholders of € 0.1365 per share with a 4.5% dividend yield.
The loans to customers ordinary loans amounted to € 11.1 billion (+ 6.2%) mainly due to the further disbursements to households and businesses and the boost to consumer lending. There direct funding is equal to 12.4 billion (+ 5.4%) and the indirect funding stood at 18 billion (+ 9.1%, of which ordinary customers + 8.6%).