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Back 2021 preliminary full-year Group consolidated results approved
2021 preliminary full-year Group consolidated results approved
NET PROFIT OF € 525.1 MLN
Proposal for a cash dividend of € 6 cents per share
SHARP INCREASE IN CORE BUSINESS PROFITABILITY DRIVEN BY EXCELLENT COMMERCIAL PERFORMANCE AND MAJOR ENHANCEMENT OF COMPETITIVE POSITION
FOUNDATIONS LAID FOR STRUCTURAL IMPROVEMENT OF OPERATIONAL EFFICIENCY
Profit before tax up to € 692.9 mln (approx. € 580 mln net of non-recurring items)
Operating income increased to € 3.4 bn, with net commissions strongly on the rise, driven by asset management and bancassurance
FURTHER IMPROVEMENT IN CREDIT QUALITY: NPE RATIO DOWN SIGNIFICANTLY AS COVERAGE GROWS
GROSS NPE RATIO OF 4.9% (2.0% NET) VS. 7.8% (4.0% NET) AT THE END OF 2020
NPE COVERAGE OF 60.4% VS. 51.0% AT THE END OF 2020
- Further uptrend in the coverage of both bad loans and UTPs in 4Q21, respectively settling at 71.8% (63.0% at end-September 2021) and 50.4% (48.4% at end-September 2021)
- Default rate of 0.9% vs.1.0% at the end of 2020
- Texas ratio down to 45.6% (55.4% at the end of 2020)
- Ordinary cost of credit at 67 bps, driven by a particularly conservative approach to provisioning
SOUND CAPITAL POSITION
PROFORMA FULLY PHASED CET1 RATIO: 13.5% (14.5% PHASED IN)
THE BANK’S COMMITMENT TO SUPPORTING THE ONGOING ECONOMIC RECOVERY CONTINUES
- Acceleration in new loans granted in 4Q21 (+57.4% q/q)
- State-guaranteed loans total € 7.3 bn (9.2% of total loans to customers)
INDIRECT FUNDING REACHES € 166.3 BN, DRIVEN BY GROWTH IN ASSET MANAGEMENT AND LIFE BANCASSURANCE, UP FURTHER IN 4Q21 (+1.2% Q/Q)
- Net inflows total € 2.1 bn, almost twice the amount of last year
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Notice of publication of Shareholders Meeting Documents
Notice of publication of Shareholders Meeting Documents
BPER Banca informs that the 2023 Reports – containing the Directors’ Report and the draft separate financial statements of BPER Banca, the Integrated Report and the consolidated financial statements of the BPER Group (inclusive of the consolidated non-financial statement, prepared pursuant to Legislative Decree no. 254 of 30 December 2016 and the related Implementing Regulation adopted by Consob resolution no. 20267 of 18 January 2018), the relevant certifications by the Chief Executive Officer and the Manager responsible for preparing the Company’s financial reports under article 154-bis, para. 5 of Legislative Decree no. 58 of 24 February 1998, the reports of the Independent Auditing firm Deloitte & Touche S.p.A., and the Statutory Auditors’ Report -– and the Corporate Governance and Ownership Structure Report 2023 are available to the public at the Company’s registered office, on the corporate website (https://group.bper.it/en/, section Governance – Shareholders – Shareholders’ Meetings 2024), and in the authorised “1Info” repository (www.1info.it).
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