As of September 30, 2023, Banca Profilo Group closes the first nine months with a net profit of 10.6 million euros (25.7% year-on-year), an increase of 2.2 million euros. Total customer deposits stand at 5.8 billion euros (8.6% year-on-year), increasing by approximately 0.5 billion euros compared to the 5.4 billion euros as of September 30, 2022. Total net revenues amount to 56.9 million euros (13.4% year-on-year), an increase of 6.7 million euros compared to the previous year's 50.2 million euros.

Operating income is on the rise at 17.2 million euros (21.1% year-on-year), with cost-income improving to 69.8%. The CET 1 ratio is at 23.1%, increasing year-on-year and among the highest in the market, confirming the bank's financial strength. These results demonstrate the effectiveness of the initiatives proposed in the Industrial Plan, which is coming to a close.

Meanwhile, Banca Profilo is working to finalize the drafting of the new 2024-26 Industrial Plan.

Read the press release to learn more.

Attachments

Disclaimer

Banca Profilo S.p.A. published this content on 08 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2023 08:56:15 UTC.