2019 1H results
Data refer to Gruppo Cassa Centrale - Credito Cooperativo Italiano.
| 30.06.2019 | |
|---|---|
| Net Income | 159 millions |
| Direct inflows from customers | 54.4 billion |
| Net loans to customers | 40.1 billion |
| Net doubtful loans on loans | 5.7% |
| Own funds | 6.7 billion |
| CET1 ratio | 19.63% |
| TCR ratio | 19.70% |
With letter dated November 25, 2019, the European Central Bank (“ECB”) has communicated the consolidated SREP requirements binding on the Gruppo Cassa Centrale ("the Cooperative Banking 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.
Finally, the European Central Bank expects the Group to follow, on a consolidated basis, the Pillar 2 Guidance that sets a further capital buffer of 1% to be satisfied through Tier 1 capital and held in addition to the overall capital requirements.
2018 ANNUAL RESULTS
Data refer to Cassa Centrale Banca, Subsidiaries and Associates.
| Income statement | 31.12.2018 |
|---|---|
| Net interest income | 27 |
| Net commissions | 77 |
| Operating income | 122 |
| Profit for the year | 101 |
Data in millions of euros
| Financial statements | 31.12.2018 |
|---|---|
| Loans to customers | 2,400 |
| Total assets | 7,114 |
| Due to customers | 2,680 |
| Shareholders' equity | 1,150 |
Data in millions of euros
| Key Ratios | 31.12.2018 |
|---|---|
| Profitability ratios | |
| Return on Equity | 9.2% |
| Return on Assets | 1.4% |
| Structural ratios | |
| Loans to customers / Total assets | 16.6% |
| Shareholders' equity / Total assets | 16.8% |
| Risk ratios | |
| Net bad debts / Loans to customers | 1.5% |
| Write-down of NPLs / Gross NPLs | 78.3% |
| Write-down of performing loans / Gross performing loans | 1.11% |
| Equity ratios | |
| CET1 ratio | 49.5% |
| Tier1 ratio | 49.5% |
| Total capital ratio | 49.5% |
| Other Group ratios | |
| Management of third-party portfolios | 5,526 |
| Number of employees | 740 |
