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(Alliance News) – As of June 30, Banca Profilo Spa reported record results above business plan targets and ended the half-year with a net profit of EUR9.6 million, up 42 percent from EUR in the first half of 2022.
Total customer deposits for the period stood at EUR5.8 million from EUR5.5 million as of June 30, 2022.
Direct deposits amounted to EUR1.11 billion from EUR1.10 billion in the same period in 2022.
Total net revenue as of June 30 was EUR41.0 million, up 17 percent from EUR35.1 million a year earlier.
Net interest income for the first half of the year amounted to EUR19.6 million, up 9.0% from EUR18.0 million in the same period last year, having benefited from the effect of rising rates on the contribution of direct deposits.
Banca Profilo’s consolidated shareholders’ equity as of June 30 amounted to EUR133.1 million, with a consolidated CET 1 Ratio of 24.26%, calculated in accordance with the transitional provisions following the entry into force of IFRS 9.
The Liquidity Coverage Ratio, determined on the consolidated prudential perimeter, was 413.3 percent.
On Thursday, Banca Profilo closed down 0.5 percent to EUR0.20 per share.
By Claudia Cavaliere, Alliance News reporter
Comments and questions to redazione@alliancenews.com
Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.
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