(Alliance News) - The board of directors of Banca Profilo Spa on Thursday evening reviewed preliminary individual and consolidated figures as of Dec. 31, 2023, reporting a net profit of EUR12.1 million, up 8.9 percent year-on-year or EUR1.0 million from last year's result.

Total inflows from clients, including net trust inflows, stood at EUR6.0 billion compared to EUR5.6 billion as of December 31, 2022.

In 2023, total net income is EUR76.6 million from EUR70.6 million in the previous year.

Net interest income in 2023 is EUR28.0 million, down 32 percent year-on-year, down from EUR41.1 million last year.

Net fees and commissions grow 22.1% year-on-year in 2022 to EUR29.2 million. Commission growth is concentrated in Structured Finance and Capital Market, Performance Finance, Banking Services, and Private Banking Advisory.

Net income from financial activities and dividends of EUR18.3 million increased by EUR13.6 million from EUR4.7 million last year.

Banca Profilo's consolidated equity as of December 31, 2023 is EUR133.6 million with a consolidated CET 1 ratio of 22.26 percent.

Shareholders' equity is EUR163.5 million, increased by EUR5.1 million from that as of December 31, 2022.

Banca Profilo closed Thursday's session in the green by 0.5 percent at EUR0.20 per share.

By Maurizio Carta, Alliance News reporter

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