At its meeting today, the Board of Directors of Banca Popolare Commercio e Industria Spa approved the draft financial statements as at 31 December 2013. A net profit of 36,5 million euro was recorded, an increase of 52,2% compared to the 24 million euros of 31 December 2012.
The Draft Financial Statements will be submitted to the Shareholders' Meeting (scheduled for 25 March on first call and on 26 March on second call) where the distribution of a dividend of 0,038626 euro per share will be proposed.
On the sidelines of the meeting of the Board of Directors, the President of the Bank, Avv. Giuseppe Calvi declared himself satisfied "for the positive results in 2013 obtained in a climate of uncertainty that continues to weigh on our country and despite an increase in adjustments credit value. In any case, our Bank has confirmed its proactive and competitive role, continuing to play its role as the Bank of Reference for the territories in which it operates, providing the appropriate assistance to households and businesses”.
Operating management showed a result that grew by 40,8% to 11,7 million euro (83,6 million in 2012), with a significant increase in net commissions (+9,1 million) due to the decrease in the margin interest (-5,3 million) linked to interest rate trends and a still weak economy. The management of operating expenses was confirmed as virtuous (-9% compared to 2012) reflecting the trend in personnel and administrative expenses, which decreased respectively to 115,9 million euro and 96,6 million euro.
