The Board of the Popular Bank of Bari approved the financial statements for the first half of the year, while the sale of the stake held in the capital of the company is entering an advanced stage Savings Bank of Orvieto, equal to 73,5%. The Apulian institute has granted the exclusivity for the transfer to SRI Global Limited, from which he had received a binding offer on 13 June. The transaction will be closed by the end of the year.
As for the budget, the semester goes on file with a loss of 58,6 million (73,3 considering the effect of taxes), with operating costs amounting to 169,4 million and write-downs on loans, down sharply, which amounted to 44,2 million. The intermediation margin, equal to 154,9 million, is characterized by a contribution of the margin from services of 42% (65,6 million net commissions).
The Board of Directors - reads the note - will proceed with a decision on the path of a shock programme, with significant interventions on the side of cost and risk reduction and for a decisive boost on the revenue side, which will make it possible to obtain a significant improvement in the income statement in the second half of the year.
La total consolidated collection (excluding relations with Cassa Compensazione Garanzia) stood at 14,14 billion, with the direct component at 10,22 billion. Indirect payments reached 3,92 billion. The net loans to customers (excluding relations with Cassa Compensazione e Garanzia and debt securities) amounted to 7,86 billion.
On the front patrimonial, the indices stand at 6,22% with reference to the CET1 and the Tier 1 Ratio and 8,12% for the Total Capital Ratio. The values - reads the note - are lower than the current Overall Capital Requirement (OCR) ratios for the Group, as communicated in 2019 by the Bank of Italy, with reference to Tier One (OCR equal to 9,453%) and the Total Capital Ratio (11,771%).
At the end of July 2019, the capital relief operation was completed which determines, with reference to 30/06/2019, pro-forma ratios increasing by approximately 100 and 120 bps, respectively, for the Tier 1 Ratio and the Total Capital Ratio . The liquidity position remains solid and stable, with the two LCR and NSFR indicators at 180% and 118% respectively (regulatory limit 100%), with a liquidity buffer exceeding €2,0 billion, further growing at 2,3 billion in July as a result of the capital relief operation.
