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04 Aug 2022 11:47
BFF Banking Group announces a strong set of consolidated financial results for 1H 2022 and the approval of an interim dividend

The Board of Directors of BFF Bank S.p.A. approved today the Consolidated Financial Report for the first half 2022

  • €68.5m Adjusted Net Profit +47% YoY, with strong performance of Factoring & Lending, growth in Securities Services and Payments, and positive contribution of synergies in the Corporate Center. €56.6m Reported Net Profit
  • Strong growth in the loan portfolio at €4.5bn, +35% YoY at historical highs
  • Distribution of €68.5m of interim dividend on 24-Aug-22 (c. €0.37 per share)
  • Excellent asset quality with 0.2% Net NPLs/Loans ratio excluding Italian municipalities in conservatorship. Annualized Cost of Risk on loans at 10.7bps, due to generic provisions driven by more conservative macro assumptions, and to private exposure provisions
  • Strong capital position: CET1 ratio at 15.1% and TCR at 21.2% excluding 1H22 net profit, and 17.4% and 23.5% including 1H22 net profit
  • Well positioned in a raising interest rate environment
  • No exposure to Ukrainian and Russian markets

Milan, 4th August 2022 – Today, the Board of Directors of BFF Bank S.p.A. (“BFF” or the “Bank”) approved the First Half 2022 Consolidated Financial Report as of 30th June 2022, the second semi-annual consolidated financial accounts after the acquisition and merger by incorporation of DEPObank – Banca Depositaria Italiana S.p.A. (“DEPObank”) into BFF.


Massimiliano Belingheri, CEO of BFF Banking Group, commented: ”The results of the first half of the year, marked by a strong growth of earnings and loan portfolio at historical highs, are a reason to be very pleased, and allow us to confirm the distribution of an interim dividend.

Although in a macroeconomic environment of uncertainty, we report a solid performance in Factoring & Lending, and growth in Securities Services and Payments, while maintaining a strong capital position. The Group has no exposure to the Ukrainian and Russian markets and remains well positioned, continuing on the path of growth outlined in the business plan."