Summary data

1H 2021 consolidated results

Income statement    30.06.2021
Net interest margin 665
Net fee and commision income 337
Operating income 1,179
Net income 307

KPIs (€m)

Balance sheet 30.06.2021
Loans to customers 70,373
Total Assets 91,392
Due to customers 57,953
Group's equity 6,959

KPIs (€m)

Key Ratios 30.06.2021
Profitability ratios   
Return on Equity 8.8%
Return on Assets 0.7%
Cost/Income ratio 61.0%
Structural ratios   
Loans to customers / Total Assets* 49.4%
Equity / Total Assets 7.6%
Risk management ratios
NPL Ratio 6.1%
NPL Coverage ratio 66.0%
Capital ratios
CET1 ratio** 20.90%
Tier1 ratio** 20.92%
Total capital ratio** 20.94%
Texas ratio 36.0%
Other KPIs
Net loans to customers 45,146
Direct funding 62,212
Number of employees 11,453

* Loans to customers include loans and advances to customers at amortised cost and fair value, thus differing from the exposures to customers shown in the financial statement.

** 1H capital ratios do not include the net income for the reference period.

FY 2020 consolidated results

Income statement    31.12.2020
Net interest margin 1,245
Net fee and commision income 657
Operating income 2,263
Net income 245

KPIs (€m)

Balance sheet 31.12.2020
Loans to customers 70,066
Total Assets 86,797
Due to customers 55,447
Group's equity 6,722

KPIs (€m)

Key Ratios 31.12.2020
Profitability ratios   
Return on Equity 3.6%
Return on Assets 0.3%
Cost/Income ratio 60.8%
Structural ratios   
Loans to customers / Total Assets* 50.3%
Equity / Total Assets 7.7%
Risk management ratios
NPL Ratio 6.8%
NPL Coverage ratio 64.0%
Cost of Risk (bps) 140
Capital ratios
CET1 ratio 21.46%
Tier1 ratio 21.47%
Total capital ratio 21.50%
Texas ratio 38.0%
Other KPIs
Net loans to customers 43,633
Direct funding 60,435
Number of employees 11,301

* Loans to customers include loans and advances to customers at amortised cost and fair value, thus differing from the exposures to customers shown in the financial statement.

FY 2019 consolidated results

Income statement    31.12.2019
Net interest margin 1,179
Net fee and commision income 644
Operating income 2,003
Net income 225

KPIs (€m)

Balance sheet 31.12.2019
Loans to customers 59,393
Total Assets 72,805
Due to customers 50,055
Group's equity 6,480

KPIs (€m)

Key Ratios 31.12.2019
Profitability ratios   
Return on Equity 3.5%
Return on Assets 0.3%
Cost/Income ratio 68.6%
Structural ratios   
Loans to customers / Total Assets* 56.6%
Equity / Total Assets 8.9%
Risk management ratios
NPL Ratio 9.3%
NPL Coverage ratio 55.0%
Cost of Risk (bps) 76
Capital ratios
CET1 ratio 19.7%
Tier1 ratio 19.7%
Total capital ratio 19.8%
Texas ratio 47.5%
Other KPIs
Third party AUM 10,506
Net loans to customers 41,230
Direct funding 56,669
FTEs 11,281

* Loans to customers include loans and advances to customers at amortised cost and fair value, thus differing from the exposures to customers shown in the financial statement

With letter dated November 25, 2019, the European Central Bank (“ECB”) has communicated the consolidated SREP requirements binding on the Gruppo Cassa Centrale (“the Group”) with effect from January 1, 2020.

In particular, the Group needs to comply, on a consolidated basis, with an overall SREP requirement of 10.25%, which includes an additional second pillar capital requirement (P2R) of 2.25% to be held entirely through CET1 instruments.

In light of the exceptional economic and financial situation caused by the Covid-19 pandemic, the ECB has decided not to adopt a SREP decision in 2020. As a result, the requirements set out in the 2019 SREP decision, including capital requirements, remain in place for the supervised entities.

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