Shares and Dividends

Sparkasse shares

Cassa di Risparmio di Bolzano has been a joint stock company since 1992. Since 27th December 2017, the shares of Cassa di Risparmio di Bolzano S.p.A. have been admitted to trading on the multilateral trading system ‘Vorvel Equity Auction’ (formerly Hi-MTF Order Driven), managed by Vorvel SIM S.p.A. (formerly Hi-MTF SIM S.p.A.).

Dividends

At the Shareholders’ Meeting, the shareholders vote on the distribution of a dividend.

Dividends per share approved and distributed

Reference Year201920202021202220232024

Bank net profit

27.0 mln. €

29.0 mln. €

71.3 mln. €

74.7 mln. €

55.0 mln. €

104.0 mln. €

Total Gross dividend amount

In 2020 the Bank had initially deliberated the distribution of a dividend of 18.0 eurocents but the regulatory authorities ordered the suspension of dividend payments for the whole of 2020

8.4 mio. €
approved 8/4/2021 for the maximum amount permitted at that time = 15% cumulated net profit (27+29 mln. €) for the financial years 2019 e 2020

20.0 mln. €
approved 22/4/2022

21.0 mln. €
approved 5/4/2023

21.0 mln. €
approved 4/4/2024

6.0 mln. €
approved 5/11/24
(advance dividend for FY 2024)


30.0 mio. €
approved 15/04/2025
additional to the above mentioned advance dividend

Extraordinary dividend

10.0 mln. €
approved 22/11/2021
charged to retained earnings available for distribution

~5.0 mln. €
approved 16/11/2023
charged to retained earnings available for distribution

Payout ratio

33% (average payout 2019 & 2020)

28%

28%

38%

36%

Gross dividend per share

13.9 eurocents (ordinary dividend)
16.6 eurocents (extraordinary dividend)

33.3 eurocents

35.0 eurocents (ordinary dividend)
8.3 eurocents (extraordinary dividend)

35.1 eurocents (ordinary dividend)

60.3 eurocents (of which 10.1 eurocents distributed as an advance dividend in november 2024)

Negotiation

Cassa di Risparmio di Bolzano S.p.A. decided to apply for the admission of its own financial instruments to the Hi-MTF market in light of Consob Communication No. 92492 of 18/10/2016 “Recommendation on the distribution of financial instruments through a multilateral trading venue” and following the changes introduced by Directive 2014/65/EU of 15 May 2014 (MiFID II) and EU Regulation No. 600/2014 (MiFIR).

The legislator’s ultimate goal is to ensure greater transparency and investor protection.

The rules for trading in shares, option rights and bonds issued by Cassa di Risparmio di Bolzano S.p.A. are contained in the document “Information document on trading in shares, option rights and bonds issued by Cassa di Risparmio di Bolzano S.p.A.”.

Repurchase fund

The cases in which a Fund may be used for the purchase of own shares/subordinated bonds and the criteria to be met have been set out in the document “Criteria for Activating the Fund for the Purchase of Own Shares and Subordinated Bonds”.

Information document