(Tiper Stock Exchange) – Bank of Desio and Brianza closed the first quarter with a Net income amounting to 158.5 million (annualized ROE at 20.6%), up on the same period of 2022 (+381.2%), supported by extraordinary items amounting to 133.1 million (gross badwill of Euro 51.1 million from the branch business acquired from BPER and gross income of Euro 98.5 million from the acquiring business sold).
Solid operational performance supported by revenue growth (+6.1%) with interest margin (+20.2%) and net commissions (+6.7%) growing; operating margin of €57.5 million, a further improvement compared to Q1 2022 (+3.3%).
Loans to customers ordinary at 12.4 billion euros (+7.6% compared to 2022) with additional disbursements to households and businesses during the reference period for 0.4 billion euros. Direct deposits up by €14.1 billion (+11.8%), indirect deposits by €19.2 billion (+12.6%, of which ordinary customers up by 18.4%).
Stable incidence of non-performing loans: Gross NPL ratio at 3.4% (3.3% YE 2022) and net at 1.8%.
Confirmed the capital solidity of the Banco Desio Group. As at 31 March 2023, the Common Equity Tier1 capital ratio, consisting of Common Equity Tier 1 (CET1) capital ratio to Risk-weighted assets, was 16.97% (15.87% as at 31 December 2022). Also the Tier1, made up of the total Tier 1 capital (T1) compared to the Risk-weighted assets and the Total capital ratio, made up of the total Own Funds compared to the Risk-weighted assets, came to 16.97% (both equal to 15 .87% as at 31 December 2022).