CheBanca! Net profit rises to 62 million euros

CheBanca Net profit rises to 62 million euros

(Finance) – CheBanca!a bank dedicated to the management of the group’s savings and investments Mediobancaclosed on financial statements as at 30 June 2022 with revenues up 9.8% to 393 million euros, thanks above all to commissions which continue to grow significantly by 22.3% (126.6 million euros to 154.8 million euros), with particular regard to the portion of assets under management (+ 25.7%) in its recurring component (+ 30.1% ). The interest margin in turn grew by 3.1% (from € 229.3 million to € 236.4 million). L’Net income was up 26.5% to 62 million euros.

The total masses they were up to 33.9 billion euros (+ 4.2% yoy). There net inflows for the year was 2.8 billion euros, of which 2.2 billion euros of AUM / AUA (+ 8.5% yoy). “The outbreak of the war in Ukraine at the end of February caused a slowdown in AUM / AUA net inflows in the quarter in question – comments the company – The last quarter of the year instead returned to the levels of the same period of the previous year ( 0.7 billion euro), doubling t / t “.

The uses were up to € 11.4 billion (+ 2.7% yoy; + 1.0% in the quarter) with disbursed residential mortgages steadily raised to € 2.2 billion, of which 0.7 billion euros in the fourth quarter (vs 0.6 billion euros in the previous quarter).

Overall the distribution network today consists of 1,023 professionals: 507 prime managers (486 in June 2021, +21 y / y) and 516 financial advisors (465 in June 2021, +51 y / y) who carry out their activities on 207 branches and financial offices ( 205 in June 2021, +2 y / y).

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