(ANSA) - ROME, JUN 17 - The Bcc Iccrea group expects, in the new industrial plan 2022-2024, an increase in net profit to 688 million in 2024 (+ 45% compared to 2021).
This was announced by the top management of the cooperative group, presenting the new plan which estimates an increase in ROE to 5.5% and a cost / income to 67% in 2024 (from 73.9% in 2019).
The group also expects an increase in indirect deposits to 67.3 billion (+ 29% on 2021) "thanks to a significant contribution of 39.8 billion in assets under management (+ 47% on 2021) and 12.8 billion in life insurance (+ 24% on 2021) ".
The new plan also provides for the continuation of the reduction of impaired loans, also through assignments, and the improvement of credit quality.
According to what CEO Mauro Pastore explained, "the goal is to completely remove the group from a situation of excess credit risk compared to other groups".
The group will go ahead with the transfer program also assisted by GACS ". According to deputy director Pietro Galbiati, these should amount to € 2.5 billion. Over the course of the plan, the reduction of net NPLs to € 2 billion (-18% on 2021) is expected. of gross NPLs at 4.4 billion (-32% on 2021), of the net NPL ratio at 2.1% and gross at 4.5%. (ANSA).
