(Alliance News) - Generalfinance Spa reported Friday that it closed the first nine months with net interest income up to EUR5.9 million from EUR5.7 million in the same period of 2022.

Net interest and other banking income rose to EUR25.5 million from EUR22.8 million, while costs fell to EUR9.7 million from EUR9.8 million.

Pre-tax income rose to EUR15.7 million from EUR12.7 million, and net income improved to EUR10.7 million from EUR8.4 million.

Loans and advances to customers fell to EUR383.2 million from EUR385.4 million, equity rose to EUR62.0 million from EUR56.8 million, and assets grew to EUR476.7 million from EUR443.8 million.

The CET 1 ratio is 15.3 percent, the TIER 1 ratio is 15.3 percent, and the total capital ratio is 17.6 percent.

In addition, the board of directors appointed Gabriele Albertini and Federica Casalvolone as new board members.

Generalfinance's stock closed Friday up 2.5 percent at EUR8.30 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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