Consolidated Interim report as at 30 September 2017 approved

Fully Phased CET1 ratio of 13.81%, a significant increase of more than 60 bps since last June (13.17%), confirming a capital solidity among the best of the Italian banking system.

 

Net profit for the period of € 149.0 million versus € 101.2 million at 30 September 2016. 

 

Asset quality continues to improve thanks to a significant reduction in transfers to non-performing loans and a significant increase in coverage.

 

Net result from operations after non-recurring items and on a comparable basis up by 2.4% y/y.

Net lending to customers has grown by € 46.9 billion, of which € 1.3 billion for Nuova Carife, with a particularly positive trend in residential mortgages.

 

Overall funding, including the bancassurance sector, amounting to € 89.5 billion, of which€ 3.4 billion refers to Nuova Carife, up by 5.3% since the end of 2016.

 

The Board of Directors has approved the NPE Strategy 2018-2020 for the management of non-performing loans, outlining the main steps to be taken in order to achieve a substantial improvement in credit quality.