Draft 2013 Financial statements approved

Further improvement in the BPER Group's financial solidity with a Core Tier 1 ratio of 8.57% calculated under the Basel 2 standardised approach, better than in September 2013 (8.43%) and December 2012 (8.27%).

Profit for the period from current operations before tax of € 66.8 million.

Total net profit for the period of € 16.1 million with an effective tax rate that is still high.

Profitability affected by various extraordinary items including a significant write-down of € 48.7 million representing a minority interest in a bank.

Coverage ratios up and cost of credit significantly down compared with 2012.

Liquidity requirements already in line with the Basel 3 minimum requirements with leverage2among the lowest in the system (14.5x compared with 14.2x at the end of 2012).

 

 

Attached is the press release.