Where's Banca closes the first 9 months of 2018 with a profit net of non-recurring items of 260,6 million, the best result of the last 10 years and clearly up on the 167,3 million recorded in the same period last year.
THEaccounting net profit, on the other hand, rose on an annual basis from 86,2 million (net of 616,2 million in capital gains deriving from the acquisition of the 3 banks) to 210,5 million.
where in the third quarter of 2018, recorded an intermediation margin of 808 million, against the 824 million estimated by the consensus. The period closed with a net profit of 1,6 million, while analysts had expected a slight loss of 3 million.
On the balance sheet front, as at 30 September the CET1 fully loaded was at 11,42%, unchanged compared to June 2018, despite the impact of the further widening of the spreads on the valuation reserve of the securities in the portfolio (the figure does not include uses of DTA futures and includes pro-rata the assumption of a dividend).
Following the sale of the securitized bad loans and the recovery business, i non-performing loans gross decreased by approximately 1.517 million3 compared to 30 June 2018 and by 1.922 million compared to XNUMX January.
"It is evident that, if on the one hand the stress tests show that we are among the banks least impacted in a context of stress and this is a fact that obviously pleases us very much - he comments Victor Massiah, chief executive officer of Ubi Banca – on the other hand it is objective that the size of capital ratios in Europe is getting ever higher and therefore that focusing on further enriching our capital ratios must be, and always has been, part of our strategy . UBI has a DTA (deferred tax asset) reserve which amounts to around eight hundred million, which are all to be exploited, and which will essentially form part of our strategy for the next period".
