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Home Investor Relations Strategic Plan 2019-2021

Strategic Plan 2019-2021


Summary of the Strategic Directives and Main Objectives

The Board of Directors approved the revision of the Bank’s strategic business plan on  the 18th of December 2018.

The Plan will generate net profits of 99 million euro over the three-year period 2019-2021, compared with 82 million euro foreseen over the same period in the previous Plan, an increase of 17 million euro.

It is based on the following strategic guidelines:

  • Sustainable commercial growth
  • Renewal of the operating model
  • NPE active management and reduction
  • Reduction of risks and strengthening of controls
  • Full implementation of the structure

The main changes in the implementation of the Strategic Levers are as follows:

  • Implementation of the recent Bancassurance Partnership
  • Investments in technological developments
  • Selective reinforcement of territorial presence

The strategic levers mentioned above will enable reaching the following quantitative objectives in 2021:

  • Growth in net interest and other banking income since the beginning of the plan (2017) of 18%.
  • 26% growth in volumes of investment funds  premiums and insurance premiums since the beginning of the plan (2017)
  • Improvement of the Cost Income Ratio of 6 p.p. (64% in 2021)
  • Reduction of the NPL Ratio to 5.8%
  • Liquidity Coverage Ratio greater than 150%
  • Significant improvement in the bank’s solidity with a CET1 at the end of the period greater than 13.5%.

 

 

Strategic Directives Principal Objectives20172021


Sustainable commercial growth
Net interest and other banking income
Revenue growth, in %

Investment Products
Growth of managed funds and insurance based investment products, in %



18% (2017-2021)


26% (2017-2021)
Renewal of the operative modelCost lncome Ratio
CIR, in %
70%64%
Reduction and management of bad loans...NPL Ratio
NPL/Loans , in %
13,30%5,80%


...For a solid Balance Sheet
LCR 
Liquidity Coverage Ratio, in %

CET1
Common Equity Tier 1 Ratio, in %
129%


11,4%
> 150%


> 13,5%
Current Results projection 2019
2018 Projection 2019
Bank net Profit 25,4 mlm ≥ 26 mlm
NPL Ratio gross consolidated 8,7 % < 8,0 %
CET1 Ratio consolidated 12,3 % ~ 12,6 %

 

Disclaimer

 

These tables and texts were prepared by Cassa di Risparmio di Bolzano S.p.A. (the „Company“) for information purposes only and only to present the strategies and the main information on the financial perspectives of the Company. The information contained therein has not been independently verified. No representation or warranty, express or implied, is made with respect to, and no reliance should be placed on, the correctness, accuracy, completeness or reliability of the information contained therein.

The Company, each company of the Group (the „Gruppo Cassa di Risparmio di Bolzano“), its respective consultants, representatives, directors, officers or employees shall not be held liable (whether negligently or otherwise) for any loss arising from the use of or reliance on these tables and texts.

All forward-looking information contained herein has been prepared on the basis of certain assumptions that may be unconfirmed and therefore the results herein may vary. These tables and texts contain forward-looking statements, projections, objectives, estimates and forecasts that reflect the Company’s current management’s estimates of future events.

The Group’s ability to achieve expected results and objectives depends on a number of factors beyond the Management’s control. Actual results may differ significantly – even in worsening terms – from those expected or implied in the forecast data. These estimates and forecasts involve a degree of uncertainty that could significantly influence the expected results and are based on basic assumptions.

The Group does not undertake any commitment to publicly update and revise forecasts and estimates of future or other events, should new information become available, without prejudice to compliance with applicable laws.

In formulating their opinion, the users of these tables and texts must take into account the above factors.

These tables and texts  are not intended for potential investors. Neither these documents nor their delivery to any user constitutes or intends to constitute or contains or forms part of any offer, solicitation or invitation to buy or sell any securities or related financial instruments.