Bper archive the first semester with a Net income of 307,9 million euros, more than double the 119,1 million euros recorded in the same period last year (+158,6%). The institute communicates it in a note.
Stable the interest margin, from 570,1 to 573,5 million. The figure relating to the second quarter alone is 280,3 million, down compared to 293,2 million in the first quarter of the year, due to "the effect of the IFRS9 reclassification and the lower contribution of the financial margin", reads the Note.
Returning to the semester, le net commissions they amount to 389,1 million (+8,3%) and "are at the highest level ever recorded by the group". The figure relating to the second quarter alone stands at 190,9 million (-3,6%).
On the heritage front, the Cet1 ratio phased In is 14,72%, "well above the 2018 SREP requirement set by the ECB at 8,125%", underlines the bank. The 'Fully Phased' Cet1 ratio is equal to 11,63%, “substantially on the same levels as in the first quarter, despite the impact of the rise in yields on the equity reserve relating to the securities in the portfolio”.
I non-performing loans recorded a reduction in the gross stock of 1,7 billion euro, also thanks to the “4Mori Sardegna” securitization of non-performing loans, concluded last June. The gross Npe ratio stands at 17,4% (from 19,9% as at 2018 January XNUMX) and is down for the eighth quarter.
At this point, Bper concentrates on the new business plan. "We look with great satisfaction at the results achieved so far in relation to the significant improvement in both credit quality and profitability - commented the CEO Alexander Vandelli at the end of the board meeting – From these solid foundations we start to build a new broad-based business plan whose approval is expected after the summer. Asset quality continues to improve for the eighth consecutive quarter, recording a sharp decrease in the gross stock of non-performing loans”.
The overall stock of NPLs decreased "below the threshold of 9 billion", but the work is not finished: "In line with the objectives of reducing the stock planned for this year, the activities relating to the second securitization on non-performing loans of the group for around 2 billion which should be finalized by the end of the year”.
