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    Cassa Ravenna: half-year profit rises to 17.5 million (+ 56%)

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    Scrapping does not hit targets, collections stopped at 18 billion (ANSA)

    (ANSA) – ROME, AUGUST 11 – Cassa di Ravenna Spa closes the half year with a gross profit that has risen to € 22 million (+ 47.99%) while the net profit has grown to € 17.5 million (+56 , 48%), “the highest in the last decade”. The bank chaired by Antonio Patuelli announces that the consolidated financial statements of the Cassa Group are also positive with a net profit of 12.8 million euros (+ 13.70%).

    The Spa reported, in the first six months, an interest margin of 36.9 million euros (+ 15.49%), net commissions of 25 million euros (-0.24%), an intermediation margin of 76 , 7 million euros (+ 9.65%). Credit risk adjustments and provisions amounted to € 14.9 million (-3.73%). Operating costs, “including mandatory costs for bailout of competing banks and costs for the Covid emergency” amounted to 39.7 million euros (+ 6.85%).

    The regulatory capital ratios as at 30 June 2022 “confirm the high capitalization of the Cassa Group: the CET 1 Ratio is equal to 13.26% compared to the 7.85% required by the competent Authorities of the Cassa Group in the review and prudential evaluation process SREP, while the Group’s Total Capital Ratio is 15.02% compared to the 12.05% required “. (HANDLE).

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    Source: Ansa

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