The group Popular Bank of Bari closed the 2017 financial statements with a Net income of one million euros, a sharp decrease compared to the 5,2 million of 2016. The decrease was caused by a goodwill adjustment of 18,5 million, net of which the result would have been 13,4 million.
THEactive total is up by 6,1%, to 14,4 billion from 13,6 at the end of 2016. The consolidated data also show a total collection equal to 14,9 billion euro (+10,2%), with the direct component amounting to 10,8 billion (+14,7%). Indirect income is positioned at 4,0 billion, in line with that of the previous year (4,1 billion). The uses net to customers amounted to 8,9 billion euro (-3,2% on the year).
It was finalized in the final part of the year a further securitization of non-performing loans – the second transaction to benefit from the GACS – for approximately 350 million gross. Also thanks to this new sale, the amount of gross and net non-performing positions fell for the second consecutive year. The Group has further operations in the pipeline for 2018.
I capital ratios as at 31 December 2017 stood at 10,2% with reference to the CET1 and Tier 1 Ratio (the figure was 9,2% in June 2017), and the Total Capital ratio at 12,7%, up from 12,0 .2016% at mid-year. The values are higher than the capital ratios set for 2017 by the regulator following the 6,7 SREP, equal to 1% for CET8,6, 1% for the Tier 11,0 Ratio and XNUMX% for the Total Capital ratio.
as to liquidity position, the two LCR and NSFR indicators respectively at 190% and 111% (regulatory limit 100%).
In relation to the income data, the intermediation margin, equal to 399,0 million euro, contracted by 1,4%, affected by the low level of interest rates, against a significant growth in net commissions (+ 12,0%). Operating costs (319,8 million) decreased by 6,3%, due to the further rationalization actions undertaken.
