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Bcc Iccrea: half-year net profit rises to 683m

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

(ANSA) – ROME, AUGUST 11 – The Bcc Iccrea group closed the half year with a consolidated net profit up to 683.3 million euros, compared to 405 million euros in June 2021.

It can be read in a note from the group made up of 120 Cooperative Credit Banks. The interest margin in June 2022 reached 1.7 billion euros, up by more than 300 million euros (+ 18%) compared to the first half of last year, also thanks to the more favorable financial conditions from which yields benefited of the securities in the portfolio. Pro-forma net commissions rose to 711 million euros, about 55 million more than in June 2021 (+ 8%). The capital solidity indicators, according to the group “are among the highest in Italy, with a CET1 ratio of 17.8% and a TCR of 19.0%”. (HANDLE).

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Source: Ansa

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