Consolidated results for 1st half 2013
Profit from current operations before tax of € 15.5 million in spite of very prudent loan loss adjustments under the more conservative classification and provisioning criteria recommended by the Supervisory Authority. Overall consolidated result for the period negative for € 19.9 million, mainly due to high taxation. Growth in operating income during the 2nd quarter supported by a strong recovery in net interest income, higher commission income and a positive contribution from trading. BPER Group's financial solidity confirmed with a Core Tier 1 ratio of 8.22% under the Basel 2 standard methodology (8.35% net of CR Bra , an increase of 8 bps compared with 8.27% at end-2012). Further improvement in the liquidity position with leverage still low (one of the lowest in the system at 14.9x, compared with 14.2x at end-2012). |