Come back in useful. AD Vento: “Historical result”
from Monica Fabbri
May 24, 2022
After eleven consecutive losing accountsCassa di Risparmio closes 2021 with a profit of one million and 744,000 euros. Result that the CEO Gianfranco Vento defines “historical”. “These years have coincided with the Cassa di Risparmio and the San Marino banking system – he explains – the transformation of the bank with an important profit and with relationships improving, either assets and liquidity. We are very satisfied “. 2021 sees the total collection amounted to over one billion and seven hundred million, up by more than 7 percentage points compared to the previous year. The sedianetti stand at approx 384 million and the coverage of doubtful loans amounted to over 76%. In short, the bank demonstrates that it manages credit risk well. Expenses chapter: the cost / income ratio is reduced by 50% compared to 2020. “The bank has been very attentive in this financial year to costs, both operational in a broad sense, as well as management costs and personnel expenses. But the cost / income ratio improves – explains Vento – also because revenues “.
A asset level the state bank is characterized by solvency ratio of 18.37%, well above the regulatory limit set at 11% by the supervisory regulations in force and an improvement of over 4 percentage points compared to the previous year. All of this, despite the difficult challenges of the macroeconomic context. “The war in Ukraine, the increase in interest rates, the economy and the cost of raw materials generate a macroeconomic context that is not particularly favorable to real estate and therefore, consequently, to banks” – says Vento. “Carisp, being a bank linked to the territory, is subjected to competition from much larger and better equipped Italian groups. In the context in which we operate to try to offers a wide and varied range of products and services to customers to try to find our historical customers and new customers who come to the bank as much as possible “.
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