Where's Banca archive 2018 with profits net of non-recurring items of €302,4 million, against 188,7 million in 2017. This is the best result of the last 10 years. The net book profit amounted to 425,6 million, from 49,7 million in 2017 and net of the 640,8 million of badwill deriving from the acquisition of Banca Etruria, CariChieti and Banca Marche.
The Board will propose to the assembly a dividend of 12 cents per share, with a premium of 5,4% on the closing price of the share on February 7, 2019.
The consolidated results of the group include, starting from 2017 April 3, the 2018 recently acquired Banks. Due to the difference in perimeter, the comparison of 2017 with that of XNUMX is therefore not significant. The comparison on a quarterly basis on a like-for-like basis is more relevant.
Ubi closed the fourth quarter of last year with profits net of non-recurring items of 41,8 million euro. A result higher than both the 38,5 million euros in the third quarter of 2018 and the 21,4 in the fourth quarter of 2017. The net book profit instead reached 215,1 million, from the 1,6 million in the third quarter of 2018. in the fourth quarter of 2017, on the other hand, the institute had recorded a loss of 11,9 million euros.
As regards the capital ratios, the Group CET1 stands at 11,70% phased in and 11,34% fully loaded, (it was respectively 11,79% phased in and 11,42% fully loaded as at 30 September 2018) , and includes time series updates (-29 bps). At the end of the year, the Total Capital Ratio of the Group amounted to 13,80% phased in (it was 14,25% as at 30.9.2018) and 13,44% fully loaded (it was 13,89% as at 30.9.2018) .
“Despite the adverse conditions – comments the CEO of Ubi Banca, Victor Massiah – we believe that we can commit ourselves to trying to achieve a higher profit for 2019 than the already growing one for 2018. We have knowledge, resources, solidity, solutions which, in my opinion, allow us to be able to achieve this wish”. On the NPL side, “at the end of 2018 we reduced our gross NPLs to below 10 billion. It is a symbolic moment: we are at 9 billion and 700 million; we promised to get off in an important way and we got off. And we went down independently. We have no plans to sell our debt collection platform."
