Banco Desio, half-year profit leaps with extraordinary items

Banco Desio half year profit leaps with extraordinary items

(Finance) – Economic-financial indicators show marked growth compared to the first half of the previous year for Bank Desio.

In the six months to 30 June 2023, theNet income consolidated is up sharply to €193.3 million, +257.3% compared to the first half of 2022, supported by extraordinary items of €134.2 million.

Solid operating performance supported by revenue growth revenues+14.3%, with interest margin (+28.0%) and net commissions (+2.2%) growing.

The Operating margin is equal to 125.2 million, a marked improvement compared to the first half of 2022 (+16.1%). Cost income ratio at 56.8% and NPE ratio (3.3%) stable.

All capital and liquidity indicators are solid with CET1 at 16.52%.

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