Credit Emiliano as of 30 September he made a consolidated net profit of 157,7 million euros (+4,4% year on year), while the Roe annualized is 8%, and the Cet1 Ratio it is 13,7% (the new IFRS 9 accounting standards have already been adopted without transitional arrangements).
At the end of September the intermediation margin amounted to 888,2 million euro, up by 2,4% compared to 867,4 million in the same period of 2018 (net of the impacts associated with the entry into force of the IFRS 16 standard, the September 2019 figure would be 891 million euros, +2,7% y/y).
Il cost/income it is equal to 60,8% compared to 63,6% at the end of September 2018 (net of the impacts associated with the entry into force of the Ifrs16 standard, the figure for September 2019 would be 62,9%).
La total collection from customers at the end of September 2019 stood at 69.708 million euros, +4% compared to the 67.015 million euros of the previous year.
Le net non-performing loans over net lending are equal to 0,84% (compared to 1,05% in the same period of 2018), significantly lower than the system average of 1,87%.
Net profit also grew in the first nine months of 2019 Credemholding, the company that controls 77,7% of the share capital of Credito Emiliano and which recorded a consolidated net profit up 5,6% y/y equal to 121,3 million euros, compared to 114,8 million euros in the same period of 2018.
“We will maintain – he commented the general director of Credem Nazzareno Gregori – a strong focus on the development of insurance banking, business services and wealth management with great attention to compliance with scrupulous sustainability criteria in the investment process, new thematic and private market funds and the development of the independent advisory service”.
