The management of BPER Banca has indicated that in the last part of the year revenues are expected to remain substantially stable </p><div> <! - <EdIndex> -><p><img style="float: left;" src="http://www.soldionline.it/pictures/2019/04/30/bper-banca.jpeg" alt="b to-bank" width="200" /><strong>BPER Banca</strong> announced the results of the first nine months of 2019, period closed with a <strong>net profit (excluding minority interests) of € 522.93 million</strong>, up sharply compared to the 358.13 million recorded in the first three quarters of last year. Management pointed out that the nine-month profit was affected by significant extraordinary components, including the provisional badwill generated by the acquisition of Unipol Banca amounting to € 353.8 million and higher provisions on loans also in line with the expected acceleration of the de process. -risking. Furthermore, BPER Banca recalled that the result of 2018 included non-recurring profits realized on debt securities.
The result of operations was € 572 million, while net interest income amounted to € 862.09 million.
At the end of September, loans to customers, net of value adjustments, amounted to € 52.5 billion. On the same date net impaired loans (bad debts, unlikely to pay and past due loans) amounted to 3.2 billion euros, down 1.5% compared to the beginning of 2019, with a total coverage ratio of 63.7%.
Always at the end of September the Common Equity Tier 1 amounted to 14.24%, compared to 14.27% at the beginning of the year, on the basis of a net equity was equal to 5.2 billion euros. The parameter is well above the SREP requirement set by the ECB for 2019.
At the same date, debt securities amounted to € 17.8 billion; of these, 8.2 billion referred to government securities (6.4 billion euro represented by Italian government securities).
The management of BPER Banca has indicated that in the last part of the year revenues are expected to remain substantially stable supported, in particular, by the commission component relating to the asset management and Bancassurance segments. In addition, the management costs will include both the costs related to the personnel maneuver following the closure of the union agreement signed at the end of October and the non-recurring costs incurred for the integration of Unipol Banca.
<! – ->