After you announce extraordinary measures to deal with the coronavirus emergency, the group CDP presents the accounts for 2019, archived with a net profit of 3,4 billion - of which 1,8 pertaining to the Parent Company - slightly down compared to 4,3 billion in 2018.
The board chaired by Giovanni Gorno Tempini, in addition to approving the financial statements, also gave the green light to the consolidated financial statements at 31 December 2019, to the 2019 consolidated non-financial statement of the Cdp group and to the first Sustainability Report.
Returning to the data, as of December 31, 2019 the total assets group was equal to 448,7 billion euro, while consolidated equity it reached 36,1 billion euros, of which 23,6 billion euros related to the group's shareholders' equity.
As far as the parent company alone is concerned, in 2019 Cdp Spa's net profit rose by 8% to 2,7 billion euros, while total assets, amounting to 386 billion euros, are divided as follows: 171 billion in liquid assets, 101 billion in loans to customers and banks, 71 billion euros in debt securities and 34 billion in funds and equity investments.
Turning to the passive total deposits reached 356 billion, of which 265 billion euro from savings bonds and postal savings books (+3%). There was a clear increase in net postal deposits, which recorded the best performance in the last five years, increasing by 3,4 billion thanks to “the restyling of paper postal savings bonds and the strong growth in sales on the online channel (+1,2 billion euros compared to 2018) and the number of passbooks enabled to operate online (about 1 million compared to 300 thousand at the end of 2018)”, underlines the group led by Fabrizio Palermo in a note. Last year Cassa issued, among others, a 750 million euro social bond to finance school building and urban redevelopment projects and the famous 1 billion Renminbi (127 million euro) panda bonds to support the growth of branches or subsidiaries of Italian companies in China.
Going forward, the shareholders' equity of Cdp Spa in 2019 it rose by 1% to 25 billion, while the resources mobilized amounted to 21,4 billion, an increase of 30% compared to 2018.
Overall, last year the entire CDP group has mobilized resources for the country amounting to 34,6 billion euros, figure that represents the profound operational change implemented through the 2019-2021 business plan. Of these 34,6 billion, to loans, investments and guarantees 24,9 billion went to businesses euros, with over 20 thousand companies served, while In favor of the sector Infrastructure, Public Administration and the Territory 9,3 billion euros have been mobilised, financed over 1.200 entities and expanded the methods of intervention to support the infrastructures. Finally, for support to international development cooperation, CDP mobilized over 2019 million in 400, also leveraging own resources for the first time.
“The results of 2019, comments the company, “confirm the important action carried out by the group in support of the country's economy and highlight the positive results of management. The targets set by the business plan for 2019 have been largely achieved, thus laying the foundations for the increasingly central role of the group in favor of Italy's sustainable development, especially in a period of emergency such as the current one".
"A 2020 of even greater work awaits us: CDP is fully committed to offering all possible support to the country in such a dramatic and difficult situation", reiterates the President Day Tempini, underlining that "The structure, the management, all the shareholders are doing their utmost to be able to put on the ground as quickly as possible any initiative that can help companies and public administrations".
“The Group is continuing, in concert with the MEF, to support businesses, public administration and infrastructural development with exceptional measures – confirms CEO Fabrizio Palermo – After the 17 billion already put in place, we have approved further extraordinary interventions which will free up 1,4 billion euros in favor of 7.200 public entities and make 2 billion euros immediately available for the liquidity needs of medium and large companies dimension.
