Summary data

FY 2023 consolidated results

Figures refer to the Cassa Centrale - Credito Cooperativo Italiano Group.

Income statement    31.12.2023
Net interest margin 2,396
Net fee and commission income 795
Operating income 2,834
Net income attributable to the Group 871

KPIs (€m)

Balance sheet 31.12.2023
Loans to customers 71,483
Total Assets 89,579
Due to customers 63,299
Group's consolidated equity 8,220

KPIs (€m)

Key Ratios 31.12.2023
Profitability ratios   
Return on Equity 10.6%
Return on Assets 1.0%
Core Cost/Income ratio 52%
Structural ratios   
Loans to customers / Total Assets* 54%
Equity / Total Assets 9.2%
Risk management ratios
Gross NPL ratio 4.2%
NPL Coverage ratio 85%
Capital ratios
CET1 ratio 24.6%
Tier1 ratio 24.6%
Total capital ratio 24.6%
Other KPIs
Net loans to customers 47,896
Direct funding 66,678
Number of employees 12,014

* 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 2022 consolidated results

Figures refer to the Cassa Centrale - Credito Cooperativo Italiano Group.

Income statement    31.12.2022
Net interest margin 1,845
Net fee and commission income 755
Operating income 2,515
Net income attributable to the Group 562

KPIs (€m)

Balance sheet 31.12.2022
Loans to customers 74,931
Total Assets 92,836
Due to customers 64,114
Group's consolidated equity 7,207

KPIs (€m)

Key Ratios 31.12.2022
Profitability ratios   
Return on Equity 7.8%
Return on Assets 0.6%
Core Cost/Income ratio 59%
Structural ratios   
Loans to customers / Total Assets* 51.6%
Equity / Total Assets 7.8%
Risk management ratios
Gross NPL ratio 4.8%
NPL Coverage ratio 82%
Capital ratios
CET1 ratio 22.8%
Tier1 ratio 22.8%
Total capital ratio 22.8%
Other KPIs
Net loans to customers 47,884
Direct funding 67,196
Number of employees 11,702

* 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 2021 consolidated results

Figures refer to the Cassa Centrale - Credito Cooperativo Italiano Group.

Income statement    31.12.2021
Net interest margin 1,385
Net fee and commission income 717
Operating income 2,335
Net income attributable to the Group 333

KPIs (€m)

Balance sheet 31.12.2021
Loans to customers 71,195
Total Assets 91,150
Due to customers 61,388
Group's equity 6,976

KPIs (€m)

Key Ratios 31.12.2021
Profitability ratios   
Return on Equity 4.7%
Return on Assets 0.4%
Core Cost/Income ratio 64%
Structural ratios   
Loans to customers / Total Assets* 50.6%
Equity / Total Assets 7.7%
Risk management ratios
Gross NPL ratio 5.5%
NPL Coverage ratio 74%
Cost of Risk (bps) 114
Capital ratios
CET1 ratio 22.6%
Tier1 ratio 22.6%
Total capital ratio 22.6%
Texas ratio 32%
Other KPIs
Net loans to customers 46,134
Direct funding 65,123
Number of employees 11,448

* 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 December 14, 2022, the European Central Bank (“ECB”) has communicated the consolidated SREP requirements binding on the Gruppo Cassa Centrale (“the Group”) with effect from January 1, 2023.

In particular, the Group needs to comply, on a consolidated basis, with an overall SREP requirement of 10.50%, which includes an additional second pillar capital requirement (P2R) of 2.50% to be held through CET1 instruments for at least 56.25%.

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