The results for the first 9 months of 2022 are in line with the period’s budget objectives, despite the unstable geopolitical context that strongly influenced the markets. This success is attributed to the implementation of initiatives outlined in the Industrial Plan, confirming the effectiveness of products and services provided by Banca Profilo and the daily efforts of its team.
Net revenues consolidate at 50.2 million euros (+1.7% YoY), while consolidated net profit amounts to 8.5 million euros (+7.4%* YoY).
The operating result shows growth at 14.2 million euros (+0.3% YoY) with an improved Cost Income ratio at 71.7%. Client deposits total 5.4 billion euros (-7.0% YoY) due to market effects.
Financial and capital strength is confirmed with a CET1 ratio of 22.1%.
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*net of non-recurring gains related to the sale of the Swiss subsidiary BPdG.
