FY 2022 consolidated results
| Income statement | 31.12.2022 |
|---|---|
| Net interest margin | 1,845 |
| Net fee and commission income | 755 |
| Operating income | 2,515 |
| Net income | 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% |
| Cost/Income ratio | 62.6% |
| 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
| 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 Parent | 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% |
| Cost/Income ratio | 61.5% |
| 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.
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 | |
| Gross 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% |
| 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 | |
| Gross 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 | 48% |
| 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 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%.
