Industrial plan time for Popolare di Sondrio, which expects a net profit of 323 million by 2025, up by 20% compared to 2021. Roe increasing to 9.2% in 2025 and on values never lower than 8 % across the entire plan horizon. The strategic guidelines also indicate a growing shareholder remuneration with over 550 million dividends expected over the plan and a payout ratio of 50% each year.
The guidelines of the strategic document envisage a new push on managed savings, bancassurance and technology, the latter supported by investments in personnel and digitalization, with a cost base under control, equal to 619 million by 2025.
In the Popolare Sondrio plan, it intends to invest in personnel and digitalization for an amount of 120 million euros by 2025.
The institute, says a note, will push on managed savings and bancassurance. Net loans to customers will grow to 35.9 billion in 2025 against the current 31. Volumes of assets under management and insurance will amount to 13.8 billion in 2025 with an average annual growth of 12%, while insurance premiums will rise by 11% over the four-year period.
Among the other elements of the plan, a Roe seen up to 9.2%, against the current 8.9%. The CET 1 ratio will be 15.6% at the end of 2025 and higher than 15% in each year of the plan, the Liquidity Coverage Ratio higher than 140%, the Net Stable Funding Ratio higher than 125% in each year of the plan. Popolare Sondrio will continue with derisking by decreasing the gross Npl ratio to 3.8% in 2025 against 5.8% in 2021.