Bper reports record profits for the first half of the year. Profits rise to €903 million.

MILAN – BPER closed the first half of the year with its best half-year result ever, with a consolidated net profit of €903.5 million, up 29.5% compared to the first six months of 2024. Core revenues were stable at €2.68 billion, thanks to the positive contribution of net commissions (+4.8% to €1.06 billion), which offset the decline in net interest income (-3.4% to €1.62 billion) in an environment of accelerated rate cuts. The CET1 ratio stood at 16.2% thanks to organic capital generation of €1.1 billion. BPER's NPE ratio stood at 2.5% gross (1.1% net), while the cost/income ratio at 30 June 2025 was down to 46.6%. Total financial assets stood at €312.3 billion, up 4.5%, and direct customer deposits stood at €120.8 billion, up €3.3 billion year-on-year.

Bper S.p.A. recalls that the voluntary public purchase and exchange offer for all the shares of Banca Popolare di Sondrio concluded on August 1st. Bper S.p.A. holds a total of 80.69% of the bank's share capital.

Looking at other income statement data, assets under management grew to €74.1 billion (+8%), while assets under custody amounted to €96 billion (+5.1%). Net customer loans increased to €92.7 billion, while the loan-to-deposit ratio stood at 76.7%. The annualized cost of credit decreased to 31 basis points. The coverage ratio for non-performing loans increased to 55.6% compared to the end of March 2025. Investment services amounted to €465.5 million (+9.2%), commissions from the property and casualty insurance segment amounted to €57.8 million (+15.8%), and commissions from traditional banking activities amounted to €540.2 million (+0.3%).

Dividends totaled €43 million (+16%), of which €11.1 million attributable to the stake in the Bank of Italy and €21.9 million in Arca Vita. Net income from finance was positive at €34.9 million. Total net operating income amounted to €2.85 billion (+3.4%).