The new course led by Paolo Bertoluzzo, after the acquisition of the Advent International, Bain Capital and Clessidra funds, is starting to bear fruit. The 2016 accounts of the Central Institute of Italian Popular Banks bear witness to this. The ICBPI closed the past year with a net profit growing by 14,9% to 104 million euro.
Operating revenues reached 688,5 million, an increase of 1,1% compared to 2015. Revenues from services and commissions increased by +4,4%. Ebitda stood at 227,3 million euros, up +13,2% on the previous year.
Investments also rose, which in 2016 marked an increase of 34,2% compared to 2015 in a context of strong change determined by the arrival of the new management and the corporate renewal following the acquisition by the new shareholders, Advent International, Bain Capital and Hourglass.
The results - reads a note - reinforce the goal of ICBPI - CartaSi to become the national champion of digital payments in partnership with the Banks, with the scale necessary to invest in best-in-class technologies and skills envisaged by the new business plan , approved last February.
