Banco Bpm closed 2023 with a net profit of 1,264 million euros, up 85% on the previous year.
The board of directors, we read in a note, has proposed the payment of a coupon of 56 cents per share, an increase of 143%, which corresponds to a dividend total of 848 million euros, equal to approximately 100 million more than the guidance.
The results, it is underlined, are "fully in line with the objectives" of the strategic plan, of which the target of an overall profit of 6 billion and remuneration for shareholders of 4 billion is confirmed.
During 2024, BancoBpm plans to distribute 1.4 billion, which corresponds to 19% of the stock market capitalization and represents, in this case too, 100 million more than expected in the plan.
For the current year, the upward trend in net profit is also confirmed, expected at around 0.9 euros per share net of non-recurring components and above 1.1 euros if the currently conceivable one-off components are included.
CEO Giuseppe Castagna is very satisfied with the "brilliant results": "the net profit of around 1.3 billion and the proposed dividend higher than the guidance, equal to 56 cents per share, clearly summarize the ability to generate value that we have consistently achieved and which, by virtue of the strategic plan approved last December, we will continue to develop with increasing incisiveness".
Thus Giuseppe Castagna, of Banco Bpm, comments on the bank's results in a note.
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