The General Assembly was held on May 12 Passador Bank & C. for the approval of the 2015 financial statements, the 128th since the foundation of the Bank. The net "operating" profit, gross of extraordinary contribution for the recovery of the four defaulted banks, amounts to 15,6 million euro, a further increase (+2,4%) compared to the previous year, and is configured, for the fourth consecutive year, as the best result ever achieved.
The Assembly approved the distribution of a unit dividend of 0,12 euros, unchanged from the previous year. At the end of 2015, the "CET 1 ratio", an indicator that measures the solidity and equity stability of the Bank, stood at 13,35%. The non-performing loans/loans ratio is 0,68%, with a non-performing coverage ratio of 64%. The "Texas Ratio" is equal to 29, considerably lower than the threshold considered "critical" of 100.
In the first quarter of 2016, the Bank recorded a further one compared to the same quarter of the previous year growth of 7,3% in direct deposits and 1,8% in loans granted to customers. The quarterly net profit amounts to 5 euros and allows forecasting for the current year an economic result that is not significantly different from the particularly brilliant one obtained in the previous year.
The territorial expansion plan continues, which to date sees the Bank present with 22 operating points in 7 Regions and 15 cities; in particular, the new Rome branch reached break-even in less than two years of activity during the year and a new Representative Office was opened in Alba (CN) at the end of 2015.
