Passador Bank it closed the first half-year with a net profit that increased by 12,9% from an operational point of view. At an accounting level, the figure grew by 40,7%, reaching over 7 million, thanks to the extraordinary tax benefits deriving from the partial deductibility of the IRAP paid in previous years. The institute communicates it in a note.
The Bank also recorded a 5,5% increase in loans, to 1,25 billion euro, while direct deposits rose to 1,63 billion (+4,6%) and securities on deposit to 3,7 billion (+1,6%).
As far as financial ratios are concerned, as at 30 June 2013 the tier 1 capital ratio was 10,55, while the non-performing loans/lending ratio, despite the deteriorated economic situation, remained limited to 0,62%, still among the most system lows.
The inspection by the Bank of Italy was concluded for the Bank during the half year, with positive results.
