Banca Sistema closed the first 9 months to 30 September 2021 with an improvement in the commercial performance. Factoring: volumes of 2,495 million, + 14% yoy; QC: loans of € 955 million, + 3% yoy; Loan on pledge: loans of approximately 87 million, + 16% yoy; Interest margin: equal to 57.0 million, + 7% y / y; Brokerage margin: equal to 74.8 million, + 3% yoy.
Total operating costs amounted to € 44.3 million, + 15% y / y, also following the consolidation of the credit line on pledge acquired in the third quarter of 2020.
Value adjustments on loans amounted to € 8.8 million, up y / y due to the extraordinary adjustments recorded in the previous two quarters.
Net income is 14.8 million.
The retail component of funding is equal to 68% of the total.
CET1 ratio al 12,2% e Total Capital ratio al 15,4%.