The Board of Directors of BPER Banca (the “Bank”), chaired by Fabio Cerchiai, has today examined and approved the Bank separate and Group consolidated results as at 31 December 2024.
The Bank attained broadly positive results in 2024, primarily on the back of the contribution from net interest income and net commissions. As at 31 December 2024, adjusted consolidated net profit10 amounted to €1,406.9 mn, up 4.1%11 FY/FY (€1,402.6 mn net profit for the year), after having expensed €111.7 mn in contributions to the banking system funds. BPER’s credit quality was confirmed, particularly with the NPE ratio settling at 2.4% gross (1.1% net), which positions the Group among the best in class in the Italian banking industry. The cost of credit stands at 36 bps, down on year-end 2023 (48 bps), and NPL coverage is now at 54.3%, up on year-end 2023 (52.5%). The Bank’s capital profile remains sound thanks to the strong capital organic generation which drove the CET1 ratio12 to 15.8%. The Bank’s liquidity position shows regulatory ratios broadly in excess of the minimum thresholds required, even after the last €1.7 bn repayment of a TLTRO tranche in March 2024.
Please refer to the full presentation for details.
In 2024, BPER continued to grow quarter after quarter, driven by the net interest income holding up well and excellent commission results, particularly in Assets under Management and Bancassurance. At the same time, we provided tangible support for households and businesses with €17.4 bn of new loan originations, always maintaining a strong focus on credit quality. Our capital profile was further strengthened with €1.7 bn of organic capital generation.
We are very proud of these results as they prove our ability to continue creating value, and are strong fundamentals to leverage on for the full execution of our Business Plan B:Dynamic | Full Value 2027, which aims at unleashing the Group’s full potential and constantly repaying the trust of all our stakeholders.
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