CDP reaches the halfway point of the year with growing profits. The company controlled by the Treasury announces that the parent company Cassa Spa closed the first half with a net profit of 1,5 billion, up compared to the 1,4 recorded in the same period of 2018. intermediation margin, however, rose from 1,9 to 2 billion.
During the same period, the postal savings, which recorded strong growth in Cassa spa's net inflows compared to the first half of 2018 (+1,4 billion). Shareholders' equity stood at 23,9 billion (24,8 billion at the end of 2018). In general, postal funding increased by 0,9% to 260,3 billion.
Between January and June, the CDP continues, the process of diversifying funding continued new bond issues for about 2,5 billion. Among these, the new one stands out social bonds of 750 million to finance school building and urban redevelopment projects and the new one retail bond for 1,5 billion issued in June.
The CDP group then reports that it has mobilized resources in the first half of the year amounting to 12,8 billion. Of these, 11,1 billion are due to Corporate CDP and will be destined for the "growth, innovation and internationalization of the Italian entrepreneurial fabric".
Cdp Infrastructures, PA and Territory on the other hand, it mobilized 1,5 billion in favor of public entities and for the construction of infrastructural works and urban redevelopment initiatives, while CDP Cooperation 200 million with the promotion of initiatives to support developing countries.
