Home » Credem: profit rises to 76.9 million in the first quarter

Credem: profit rises to 76.9 million in the first quarter

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Credem: profit rises to 76.9 million in the first quarter
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06/05/2022 15:03


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Credem announced that it closed the first quarter of 2022 with a consolidated net profit of 76.9 million euros (+ 24% compared to the first quarter of 2021), “after spending 29.1 million euros, before the effect tax, contributions to funds to support the management of banks in difficulty “. At the end of March 2021, the intermediation margin stood at 355.3 million compared to 335.7 million in the same period of the previous year (+ 5.8% yoy). Net commissions, on the other hand, amounted to 168.8 million (+ 9.1% y / y) of which 112 million in management and brokerage commissions (+ 6.7% y / y) and 56.8 million commissions from banking services (+ 14.4% yoy). Trading in securities, foreign exchange and derivatives amounted to € 39.1 million (-3.9% yoy). The result of the life insurance business was finally € 13.1 million (-23.4% y / y).

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