(Finance) – IBL Bankspecialized in the sector of loans through salary-backed loans, closed 2021 with a Net income consolidated amount of € 58.4 million, an increase of 37% compared to 2020. Il interest margin consolidated income reached 140.6 million euros (up 12% compared to 2020) and consolidated brokerage margin reached 178.9 million euros (also up 12%). The loans for loans to customers with CQS (Assignment of the fifth of the salary or pension) and TFS advance (End of Service Indemnity) reached 3.2 billion euros (+ 4.5% compared to 2020).
There direct deposits from retail customers it stood at 2.4 billion euros (+ 13.6%), “thanks to a targeted strategy on remunerated accounts that were consistently among those with the best returns in the sector”, underlines the institute. The main prudential supervisory ratios are in line with the capital requirements established by the ECB, with the CET1 of the IBL Banca group which stands at 16%, the Tier1 Capital Ratio at 16% and the Total Capital Ratio at 16%. The total assets it is stable at 7.1 billion euros.
“The 2021 financial statements show growth in all business areas of the banking group confirming the solidity of our strategic approach and the positive contribution of the subsidiaries – commented theCEO Mario Giordano – We hope to continue on this path, growing in any case in the core business, even starting up new industrial partnerships“.
“At the same time, we intend to consolidate the diversification path in new businesses – he added – I refer in particular to the development in the NPE credit market in which we operate through the subsidiary Banca Capasso dedicated to direct investments on secured large ticket positions, UTPs and single name bad loans, and indirectly with the subsidiary Credit Factor, dedicated to the purchase and management of small ticket unsecured credit portfolios “.