Credem ended 2013 with an intermediation margin of 995,3 million euro, up by 2,5% compared to the 971,2 million of the previous year. Gross operating income stood at 382 million, up 4,2% on the previous year, while operating income improved by 3,8% to 346,8 million euro. Consolidated net profit, equal to 115,9 million euros, is down by 4,4% compared to 121,2 million euros at the end of 2012.
Credem's Board of Directors, chaired by Giorgio Ferrari, approved in today's meeting the individual and consolidated results for 2013 which will be submitted to the shareholders' meeting called for 30 April 2014. The proposed dividend amounts to 0,12 euro per share unchanged compared to 2012. The coupon will be paid starting from 22 May 2014 with detachment on 19 May 2014, the total amount of dividends amounts to 39,7 million euro.
"I am very satisfied with the year as the bank has played its role of supporting the economic fabric by guaranteeing employment stability and significant profitability", declared Adolfo Bizzocchi, general manager of Credem.
At the end of 2013, total deposits amounted to 55,37 billion euro, an increase of 6,3% compared to 52,09 billion euro in 2012. It is also confirmed capitalisation, with Core Tier 1 at 9,9%.
