(Finance) – The Board of Directors of Banca Popolare di Puglia e Basilicata (BPPB) approved the Industrial Plan 2023-2025which represents the update and extension of the ongoing 2021-2024 Industrial Plan, which records “an advanced state of implementation of the main project sites”.
In terms of economic and capital objectives, also thanks to one more favorable market scenario than originally expectedthe main targets set for 2024 (ROE, fully loaded Tier 1 ratio, net and gross NPL ratio) will be achieved already at the end of 2023, therefore with a year in advance.
In this context, following the completion of the planned IT migration, “theopportunity to integrate and strengthen some interventions to consolidate the results achieved and improve operational performance, extending the deadline of the Plan to 2025″, we read in a note.
The objectives to 2025 I am: Roe 8% -9%, Cost/Income <65%, Total Capital Ratio fully loaded >17%, Net Non-Performing Loans/Loans <3%, Short-term Liquidity Indicator LCR > 200%, Structural Liquidity Indicator NSFR > 120%.