(Tiper Stock Exchange) – First result in profit of the Mediocredito Centrale Group on an aggregate basis after its establishment following the acquisition of the Banca Popolare di Bari Group. Consolidated net profit of €3.7 million, including positive consolidation effects of €3.2 million (€30.4 million in 3.06 .2022, inclusive of positive consolidation effects for 31.9 million).
Increase of interest margin (+8.8%), equal to 130.4 million compared to 119.8 million as at 06.30.2022, thanks to the increase in volumes and market rates. Net fee and commission income remained substantially stable, standing at 82.2 million.
Operating costs equal to 174 million which recorded a slight increase of 1.4% compared to the 171.5 million as at 06.30.2022 net of the positive extraordinary components of an actuarial nature and the release of provisions from previous years, an increase which would reach 13.7% if compared with 153 million as at 06.30.2022 inclusive of extraordinary items.
Growth in customer loans, by 2%, in contrast with the market, thanks to the growing commercial propulsion in support of the real economy, especially in the South. The total stock of the Group amounted to 9.63 billion (compared to 9.44 billion as at 31.12.2022).
Solid performance by commercial banks: disbursements to households and small and medium-sized enterprises amounting to 414.6 million with an overall increase of 44.7% compared to the first half of 2022.
Improve the quality of the portfolio performing with an incidence of Stage 2 equal to 9% as at 06.30.2023 compared to 10.2% as at 12.31.2022. In relation to new disbursements, 96% was intended for customers with medium and high credit ratings. Furthermore, more than 90% of the portfolio is collateralised or backed by government guarantees.
Increased monitoring of credit quality, on an aggregate basis net of the consolidation items with a coverage ratio of 53.2% of non-performing loans compared to 52.9% as at 31.12.2022. Net NPL ratio stable at 4.9%.
Growth of equity soundness ratios: CET1 e Tier 1 ratio 11.86% (compared to 11.28% as at 12.31.2022), Total Capital ratio 13.17% (compared to 12.6% as at 12.31.2022).