Investor Relations
Dedicated to relations with the financial community, in particular analysts and institutional investors, Investor Relations is the area where it is possible to consult and obtain current and past information on the Banco BPM Group.
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PRESENTATION OF THE STRATEGIC PLAN 2023-2026
RATING
(update: 7 novembre 2023)
NEW INVESTMENT GRADE RATING ASSIGNED BY S&P:
- Long-Term Issuer Credit Rating at “BBB-“, with Positive Outlook
- Short-Term Issuer Credit Rating at “A-3”
- S&P’s new Investment Grade ratings join those of Fitch Ratings and DBRS Morningstar, confirming the progressive improvement in the Group’s overall risk profile, capitalisation and profitability
Q1 2024 PERFORMANCE HIGHLIGHTS (1)
- Net profit of € 370 million (+40% y/y)
- Operating Income at € 1,434 million (+15% y/y)
- Pre-provision income(2) at € 765 million (+25% y/y)
- Profit before tax from continuing operations at € 662 million (+39.5% y/y)
- Cost/Income ratio down at 47% (51% in Q1 2023 and 48% in FY 2023)
- Net customer loans equal to € 104.9 billion (-0.5% q/q), with net NPE at €1.8 billion (-5% t/t)
- Gross and Net NPE ratios at 3.3% and 1.7% respectively (vs. 3.5% gross and 1.8% net as of 31/12/2023), well on track for 2026 Strategic Plan target (gross NPE ratio: ~3.0%)
- Strong capital position(3): CET 1 ratio at 14.7%, with MDA buffer(4)up at 567 bps,
- Solid liquidity and funding position: LCR at 155%, NSFR at 126%(5), Cash & Unencumbered assets at €47.9bn
Notes:
1. For details, please see our press release on the Group’s Q1 2024 results
2. Please refer to Note 2 of the press release on the Group’s Q1 2024 results
3. Please refer to Explanatory Note N.6 of the press release on the Group’s Q1 2024
results
4. Please refer to Note 4 of the press release on the Group’s Q1 2024 results
5. Management data
DOCUMENTS
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