(Alliance News) - The board of directors of Directa SIM Spa on Tuesday approved the 2022 financial statements, which "marks the best result ever" with a consolidated net profit in excess of EUR5.6 million -- benefiting from a EUR500,000 tax credit related to costs incurred in 2021 for the IPO project -- up from EUR5.2 million in 2021.

The board of directors proposed a dividend of EUR0.16 per share, up 6.6 percent from 2021.

Net commissions totaled just over EUR14 million, stable from a year ago.

Net interest income was EUR9.6 million up 6.6 percent from the 2021 figure when it was EUR9.0 million.

The company's shareholders' equity grew by 12 percent compared to 2021 to EUR29.9 million, further consolidating the company's equity position, despite the dividend distributed during 2022 totaling approximately EUR2.5 million.

The number of existing accounts, which has more than doubled in the last three years, reached 61,348 at the end of the year, of which 7,849 are "indirect" customers who use an account with one of the more than 150 banks affiliated with the company, and the total value of assets under administration is close to EUR3.5 billion.

As for ratios, the value of CET1 on an individual basis rises to 573 percent at the end of 2022 from 686 percent at the end of 2021, down but still more than 10 times above the minimum threshold defined by the Bank of Italy, which is 56 percent, as the company points out in a note.

As far as the future is concerned, "there is no evidence at the moment to suggest that the company may not make a profit from the current fiscal year," it says. Indeed, in the first months of 2023, "the growth path that has characterized the company for the past three years has continued at a steady pace."

"The goal for the whole of 2023 is to further improve, strengthening our current positioning and consolidating our role that has seen us, for more than two decades, as a point of reference on the Italian scene for "autonomous" clients who take care of their savings themselves; in addition, in the near future we count on completing the new "private" business line, intended for so-called "managed" clients, who entrust qualified advisors with investment decisions regarding their assets," commented Massimo Segre, president of Directa.

Directa SIM's stock trades in the green by 3.5 percent at EUR4.15 per share.

By Chiara Bruschi, Alliance News reporter

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