Bper closed the first half of the year with a net profit of 1.38 billion euros, practically tripled compared to 518.8 million in the same period of 2021. The result benefits from the purely accounting contribution of Carige’s badwill (negative goodwill) , equal to approximately 1.19 billion euros. The normalized profit, a note reads, is equal to 316.6 million, of which 203.9 million recorded in the second quarter, with an increase of 81% quarter on quarter. Analysts’ expectation was for a second quarter profit of 97.5 million.
“The half-year just ended marks another important step in our growth strategy, thanks to the entry of Banca Carige into the Bper Group last June. The transaction further strengthens our competitive positioning on a national scale in areas with limited coverage and will contribute to increase the prospective income “, declared the CEO Piero Luigi Montani. The accounts, he added, are “very satisfactory and reflect growing ordinary profitability supported by an increase in both net interest income and net commissions, along with controlled operating costs.”
In the first half of the year, Carige recorded a loss of 221.1 million, which includes extraordinary negative items of 212.5 million net, mainly attributable to provisions and write-downs. Montani said he could complete the acquisition “by the end of the year”, despite the decision of the Court of Genoa, which suspended the resolution appointing the board of directors of the Ligurian bank.
From the hearing of 9 August, the outcome of which could come the “same day” or “in a few days”, we expect a “favorable” verdict, but even if it is not, we will request a new assembly and therefore we will reconfigure a new board of directors that can go on “.
Source: Ansa
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