(Finance) – Banco Desio closes the first quarter of 2022 with a useful up by approximately € 12.9 million (+ 64.5%) compared to the first quarter of 2021, and “benefits from the positive trend in operations (+ 24.7%) mainly attributable to increased operating income (+10 , 4%), with operating costs in line with the first three months of 2021 (+ 0.8%) “. The bank also reports in the notes to the accounts that the result for the period is influenced by non-recurring revenue components for 8.2 million euros.
The result of operational management at March 31, 2022 it was equal to 55.7 million euros, an increase compared to the comparative period (+ 24.7%) due to the above.
The total masses of customers administered as of March 31, 2022 amounted to approximately € 30.2 billion, a slight decrease compared to the balance at the end of the 2021 financial year (-0.8%). There direct funding as at 31 March 2022 it amounted to approximately 12.9 billion euros, an increase of 3.5% compared to 31 December 2021, mainly due to the increase in amounts due to customers (+ 3.9%) characterized by
greater use of repurchase agreements for deposits with institutional customers (€ 0.7 billion
compared to 0.2 billion euros in the comparison period). There indirect funding at March 31, 2022, it recorded a balance of 17.3 billion euros (-3.8%). Funding from ordinary customers amounted to € 10.6 billion, down by 4.0% compared to the end of the previous year, due to the performance of the managed sector (-3.7%) and assets under administration (-4.8%) determined by the effect
negative market for the period.
As of March 31, 2022 the Common Equity Tier1 capital ratio, consisting of Common Equity Tier 1 (CET1) compared to risk-weighted assets, was equal to 15.6% (15.6% at 31 December 2021). The Tier1 ratio, consisting of the total Tier 1 capital (T1) compared to the weighted risk assets, was equal to 15.6% (15.6% as at 31 December 2021), while the Total Capital ratio, consisting of the total Funds Compared to risk-weighted assets, it was 15.6% (15.7% at 31 December 2021).