(Finance) – The Board of Directors of the South Tyrolean bank Volksbank approved the 2021 annual results, a year that ended with a net profit of over 70 million eurosand confirmed on return to dividend. Assets under administration grew by over 2 billion euros in the year, while commissions increased by double figures. Shareholders’ equity rises to 816 million euros, which corresponds to 16.9 euros per share. Volksbank now has over 250 million euros of primary capital exceeding the regulatory limits, with a primary capital ratio (CET1 phased-in) of 15.7%. The return on assets is 9.4%.
“This extraordinary achievement, which also benefits from one-off positive economic effects on the financial margin and on fiscal items, it gives us a further incentive to continue the path outlined in our Sustainable 2023 Business Plan – commented the president Lukas Ladurner – Thanks to these results, the board of directors will define at the beginning of March the amount of the dividend that will be proposed to the shareholders’ meeting at the end of March “.” In the second half of the year, Volksbank achieved a net profit of 20 million euros, without extraordinary effects, proving how it is the objective of generating 30-40 million euros of annual net profit is achievable over time “, added the director genarle Alberto Naef.