Passador Bank, an independent private bank based in Genoa, closes 2024 with growing results, confirming a positive trend and careful management: theNet income of the year marks a +11,9%, reaching 90,1 million euros, with a return on capital (RoE) which reaches 25,9%. The capital ratio Cet1 ratio stands at 19,5%, confirming a solid capital position.
The institute explains in a note that "the significant appreciation by customers for the reliability and high quality of the services offered combined with the effectiveness of the operating model has contributed to a further improvement in all the financial and economic indicators compared to the previous year".
Double-digit growth in deposits and securities under management
I deposits continue to rise, reaching 5,098 billion euros, with an increase of 12% compared to 2023. Even the total assets administered grow by 13,4%, reaching 12,369 billion. The funding to customers, on the other hand, recorded a more cautious progress (+0,7%), reaching 2,318 billion.
One of the most noteworthy aspects is the control of the non-performing loans, which fell further below the 1% threshold, settling at 0,89%, while the coverage ratio almost 65%.
