In the first six months of the year, Credem recorded a 7,9% increase in the intermediation margin, equal to 502,8 million compared to the same period of 2012, a 2% decrease in the financial margin to 229,3 million and an increase of 17,8% in the non-interest margin equal to 273,5 million euro. Loans increased by 1,3% to 19,8 billion euros. The cost/income ratio stood at 62,1%, down on the 65% of the reference period, the operating profit was equal to 173,6 million (+17,7%), the pre-tax profit was 121,1 .7,5 million (+71%) and consolidated net profit of 7,1 million, up by 66,3% compared to 2012 in the first half of XNUMX.
Direct deposits amounted to 17.022 million (+10,9%) at the end of the period, insurance deposits grew by 10,8% to 2.834 million and indirect deposits amounted to 27.124 million (+3,9%). Loans amounted to 19.814 million (+1,3%) and net non-performing loans amounted to 1,5% (1,2% in the same half of 2012). Credem's total net problem loans amounted to 771,7 million compared to 674,6 at the end of June 2012. The core tier 1 capital ratio stood at 9,6% and the total capital ratio at 13,2%.
