Bcc Roma, the first cooperative credit bank in Italy, closed the economic and financial position as at 31 December 2016 with loans to customers of over 7,0 billion euro, up by 3,3% compared to 2015, against an average of the national banking system by 0,4%.
Direct deposits also grew, reaching 9,6 billion euro, recording an increase of 3,9% compared to the previous year, unlike the national banking system which instead saw a decline of 0,5% .
From an economic point of view, Bcc Roma closed 2016 with an interest margin of 179,1 million euros, up 6,4% on 2015 and with an intermediation margin of 276,9 million (+7,0, 2015% on XNUMX).
Net income as at 31 December 2016 was €18,1 million, net of the contribution to the Resolution Fund. In the absence of this contribution, the profit would have been 25 million euros, up by approximately 36% on 2015.
The Bank ended 2016 with a cost income of 62,9% and a ROE of 2,4%.
In the period considered, the Bank's Own Funds increased to 715,3 million euro and corporate assets to 742 million euro, with capital adequacy ratios CET1 and Total Capital Ratio both at 14,7%, up on the value of last year equal to 14,4%.
The incidence of gross non-performing loans on loans was 5,0% against a banking system average of 10,9%, while that of gross impaired loans on loans was 13,4% against a banking system average of 18,1%.
The Bank closed 2016 with total assets of 11,1 billion, confirming itself in first place among the Cooperative Credit Banks in Italy.
To date, Bcc Roma has 181 agencies in the area and 26 home treasury branches; it has 1.494 employees, over 32.600 members and more than 373.000 customers, mainly represented by families and small businesses, as well as organizations and public administrations.
“In such an important moment for the Italian Cooperative Credit and for the banking sector in general, also in the light of the efforts that have been requested of us, BCC Roma confirms its solidity and its strength, to the advantage of its customers – commented Francesco Liberati, President of the Bank -. Also this year we have also allocated an important sum, equal to 2 million euros, destined to finance charitable and social initiatives, demonstrating our nature as a local bank, attentive to the needs of the communities where we operate”.
