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Cdp: 11,8 million committed in the half-year, consolidated profit rises to 3,3 billion

Activated investments also increased, reaching 33,3 billion (+2,8%), with a leverage effect of 2,8 times the resources committed, also thanks to the attraction of additional capital

Cdp: 11,8 million committed in the half-year, consolidated profit rises to 3,3 billion

In the first six months of 2024 the CDP group has committed resources for 11,8 billion euros, up 2,6% compared to the same period in 2023 (11,5 billion). Activated investments also rise in parallel, reaching 33,3 billion (+2,8%) compared to 32,4 in the first half of 2023, with a leverage effect of 2,8 times the resources committed, also thanks to the attraction of additional capital

Lo stock of Cdp credits in support of businesses, public administration, infrastructures and international cooperation, it stands at 126 billion euros, an increase compared to the end of the previous year (+2%) and in contrast to the market trend in Italy.

La total collection recorded in the first half of the year amounted to 356 billion, of which postal savings amounted to 287 billion and bond collections amounted to 20 billion (+1% and +7% respectively compared to the end of the previous year).

Slightly declining the net profit, dropped to 1,8 billion from 1,9 in the same period of 2023, in which there was a greater contribution from dividends from group companies. In the six months from January to June, the consolidated net profit instead it grew to 3,3 billion euros, an increase compared to the same period last year (2,8 billion). 

Through a note, CDP underlines the consolidation of "support for public administrations, also in the context of the implementation of the Pnrr". As of June 30, the company has signed up 15 Activity Plans with the Central Administrations and has started supporting the Regions for the management of the European Structural Funds. Among other important initiatives, CDP highlights: the opening of the first non-EU offices (Belgrade, Cairo and Rabat); the start of full operations as manager of the resources of the Italian Climate Fund and of the other activities of the Mattei Plan; the registration in the Consob List of Responsible for Digital Circulation Registers which made it possible to issue the first 'Digital Bond' in Italy in July. 

By doing so, CDP achieved over 70% of the ESG Plan objectives ahead of schedule in the six months. The board of directors finally confirmed the role of manager responsible for preparing the accounting documents Fabio Massoli, director of Administration, Finance, Control and Sustainability. 

Gorno Tempini: “CDP is a driving force for development in Italy and abroad”

“In recent years we have seen our country show remarkable resilience compared to a global scenario characterized by great uncertainty,” declared the president of Cassa Depositi e Prestiti, Giovanni Gorno Tempini. “In this context, CDP has been able to direct its choices by responsibly and courageously directing the resources available towards those sectors and projects that are fundamental for our economy, with a long-term perspective. Thanks to its solidity and in full synergy with the financial system, our group has acted effectively as a driver of development in Italy and abroad, laying the foundations to contribute to the construction of a sustainable and inclusive future".

Scannapieco: "We will exceed the objectives of the plan by 2024" and abroad", highlights the CEO and general director of Cassa Depositi e Prestiti, Dario Scannapieco. “The 11,8 billion in resources committed and the 33,3 billion in investments activated will allow us to significantly exceed the objectives set out in the Strategic Plan for the three-year period 2022-2024 and lay solid foundations for the work that awaits us in the future, with a well defined: contribute to a path that combines economic growth with sustainable and long-lasting development, while preserving the company's financial solidity and profitability".

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