(ANSA) – MILAN, OCTOBER 29 – In the nine months Banca Sistema recorded a net profit of 14.8 million (-25%). The commercial activity saw volumes in Factoring equal to 2,495 million (+ 14%), in the Sale of the Fifth loans equal to 955 million (+ 3%) and in Loans on pledges: loans for 87 million (+ 16%). The interest margin reached 57 million (+ 7%), the brokerage margin reached 74.8 million (+ 3%).
Value adjustments on loans, amounting to € 8.8 million, increased due to the extraordinary adjustments recorded in the previous two quarters.
The CET1 ratio at 12.2% and the Total Capital ratio at 15.4% are stable: following indications sent by the Supervisory Authority, after the end of the working day on October 28, regarding the application of the definition of default pursuant to Article 178 of the EU regulation “a careful examination and reconsideration of the operational solutions currently in use will be carried out, which could produce negative impacts currently estimated at about 0.60% on the value of the CET1 ratio and for about 0.80 % on the value of the Total Capital ratio “, reads the note on the Banca Sistema accounts. (HANDLE).
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