The industrial plan of Bper 2022-2025 expects to achieve a net profit of 800 million at the end of the plan, with a return on tangible capital (rote) of more than 10% and a payout ratio (percentage of profit destined for coupon) of 50% in the 2025. The distribution of dividends for at least one billion euro and the maintenance of “high capital solidity” is expected over the four-year period, through a fully phased Cet1 index higher than 13%. The path to reduce NPLs will be accelerated with a mix of industrial shares and disposals, with the aim of reaching the end of the plan with gross impaired loans at 3.6%.
In terms of personnel, Bper’s industrial plan provides for the exit of 3,300 resources against 1,450 hires and a downsizing of the branch network, with the closure of 600 branches by 2024 (of which 140 already completed), equal to 29% of total branches at the end of last year.
“The 2022-2025 Business Plan approved by the board of directors outlines a new phase of development of the Bper Banca Group with ambitious objectives but which we know are within our reach, leveraging on the remarkable results achieved today in terms of improved competitive positioning, profitability and quality of credit “. The CEO of Bper, PIero Luigi Montani, comments.
“The expected net profit of around 800 million euros by 2025 will be achieved thanks to the strengthening of our product factories in the Group’s strategic businesses by strengthening our multi-specialist banking model, with the aim of further increasing the commission component. within revenues “, adds Montani.
Source: Ansa
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