Net profit of €90 million, up 37.2% from a year ago, total funding rising to €20.4 billion (+3.9%), and a capital strength among the best in the industry: the Board of Directors of Banco di Sardegna approved the results for the first half of 2025. This document "confirms the Bank's solidity and ability to generate value despite a particularly complex and challenging macroeconomic environment," observes the bank's president, Gianfranco Farre.

The data – Capital ratios and the high quality of assets remain "at excellent levels," and overall deposits continue to grow, once again demonstrating "customer trust and the Bank's centrality in the regional economic system," Farre emphasizes, adding: "These results are the fruit of the talent and determination of our staff, who are at the forefront of a growth journey that combines expertise, innovation, and customer focus."

The points – The Bank continues "to invest in training and advanced tools to respond to market challenges, respecting our values and our close ties with the community and the region." Certainly, the national and international scenario has required—and will continue to require—special effort in recent months. "The current economic situation makes these results even more significant and strengthens our commitment to protecting savings, serving families and businesses. In particular, in this period characterized by the return of tariffs as a tool to redefine the balance between Europe, the United States, and the rest of the world, we remain strongly focused on actively promoting the economic and social growth of Sardinia," explains Farre.

Results – The half-year report approved by the Board of Directors shows excellent indicators. Net financial income and dividends were positive at €3.4 million, with trading profits of €2.9 million. Operating expenses totaled €107.9 million, down €31 million (-22.3%), with personnel expenses at €58.4 million (-35.3%) and other administrative expenses at €42.7 million (+3.9%). Net interest income totaled €149.1 million, down €2.5 million (-1.6%). Net commissions totaled €86.9 million, down €10.7 million (-11%). Net loan impairment losses decreased to €1.6 million, compared to €17.8 million in the prior-year period.

Sections – "Gross profit stood at €134 million (€93.8 million as of June 2024), while net profit, after deducting €44 million in taxes, reached €90 million (€65.6 million as of June 2024)," explains a press release from Banco di Sardegna. Total funding rose to €20.4 billion (+3.9% over December 2024), with direct customer funding at €12.5 billion (+3.2%) and indirect funding at €7.9 billion (+5%). "Net customer loans rose to €7.1 billion, a slight increase of 0.7% over December 2024. New disbursements to businesses and households exceeded €500 million and more than offset the €360 million in maturities." Support for families purchasing their first home was confirmed, with new disbursements totaling over €270 million.

(Unioneonline)

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