Bpm bank in 2021 he recorded a adjusted profit equal to 710 million euros, more than double the 330 million of the previous year and registering the best level since its inception. The net result stated at 569 million compared to 21 million recorded in 2020, 10% more than the guidance. L'earnings per share it is thus equal to 38 cents, exceeding the guidance of 35 cents.
Proposed cash dividend of 0,19 cents, payout of 50%
On the basis of these results, the BoD resolved to propose to the next shareholders' meeting (April 7) the distribution of a cash dividend equal to 19 cents a share, for a total distribution of 287,9 million, with a payout of 50%, even higher than the targets set in the strategic plan, and a dividend yield by 6,8%. "The group's commercial and organizational effort has made it possible to record significant performances that have brought results to levels above the pre-pandemic levels" underlines the bank in a statement.
Operations management up nearly 16%
I operating income grew by 8,6% to 4.511 million, while the operation management saw earnings up 15,9% year on year to 1.995 million. There direct deposits from customers amounted to 123,2 billion euros, +2,5% compared to the end of December 2020, with growth in core deposits (+5,1 billion euros compared to the end of 2020). There indirect collection from customers amounted to 99,1 billion euros, +8,2% compared to 31 December 2020, of which managed savings for 65,3 billion euros e managed savings for 33,7 billion euros.
Gross NPE ratio drops to 5,6%, 4,3% according to EBA methodology
Le gross suffering decreased to 2,2 billion compared to 3,6 billion as at 31 December 2020 (-38,8%) reducing their incidence on total gross loans from 3,1% to 1,9%. Non-performing loans (npl) have thus fallen to a total of 6,4 billion compared to 8,6 billion in 2020 (-25,7%) with a drop inGross NPE ratio to 5,6% from 7,5% (equal to 4,3% according to the EBA methodology).
This result was achieved in 2021 also thanks to the Rockets Project, relating to the sale of non-performing loans for a gross amount of 1,5 billion via securitization through the vehicle Aurelia. Such indicators are still improving in 2022 thanks to a further derisking activity foreseen for a target of approximately € 1 billion. Also considering this additional sale, the NPE ratio would be 4,8%.
as to asset position the CET1 Ratio phased-in and CET1 Ratio fully phased stood respectively at 14,7% and 13,4%.
