(Finance) – The Boards of Directors of Mediocredito Centrale, BdM Banca and Cassa di Risparmio di Orvieto they approved the new Industrial Plan for the period 2024-2027which reflects, among other things, the changed macroeconomic context characterized by the expected return of inflation and, in the banking sector, the continuation of the decline in direct funding and the expected increase in the cost of credit.
The approved Business Plan, in line with the vision of the previous planning cycle, confirms the mission of the Group to support businesseswith particular attention to those of the South, the focus on creditwhich is accompanied by further services and products, the continuation of a path of alignment with ESG objectives and operating modelseconomic and financial sustainability, support for investments for the twin transition and the acceleration of the growth path of commercial banks, alongside families and businesses in their reference territories. There are three main directions: integration, innovation and cohesion.
The Group’s strategic objectives see a increase in loans to customers envisaged over the period of the Plan, with a fully operational stock of
approximately €12 billion in credits by 2027; an iincrease in direct collectionwith a fully operational stock exceeding 12 billion at the end
Floor; one aacceleration in the derisking process, with a gross NPE ratio of less than 5% in 2027, despite a forecast scenario of an increase in non-performing loans; an aadequate management of liquidity risk, through interventions aimed at replacing the expiring TLTRO with retail funding through the activation of an online channel, senior unsecured placements as part of an EMTN program and securitization operations. The declination of a capital plan for the development of a Group capitalization level with a confirmed TCR above 15% in 2027.
To accompany the Plan, the Group Funding Planin which – in view of the development of the uses and deadlines of existing collections – the forms of coverage of the incremental requirement have been developed, which include new unsecured bond issues, securitization operations and interbank funding. These actions aim to guarantee the satisfaction of regulatory requirements, in terms of operational and structural liquidity, while satisfying the needs of cost-effectiveness and diversification of sources.