Banca Agricola Popolare di Ragusa Assembly at the Teatro Duemila

It took place in Ragusa, al Two Thousand Theaterthe extraordinary and ordinary shareholders’ meeting of Banca Agricola Popolare di Ragusa.

The event recorded the highest turnout ever with over 2800 voters attending the Ragusa headquarters and via video link from Syracuse and Catania. Method introduced for the first time by the Institute as evidence of the important development of BAPR and the increasingly high widespread presence in the Sicilian territory.

Assembly of the Banca Agricola Popolare di Ragusa

During the Assembly the balance operating period which confirms the solidity, efficiency and growing profitability of the Institute. In 2023, BAPR recorded a net profit of 30.1 million euros, the highest result in 10 years and a dividend distribution of 18.9 million euros, among the highest in the history of the Bank.

Furthermore, the meeting marks the conclusion of the path undertaken by the bank with theLympha operation which in fact managed to give liquidity to the title and strengthen the bond with the members and with the territory.

The objectives

The high capital strength confirms the important role of BAPR as neighborhood bank, as noted by the President Arturo Schininà: “For the first time BAPR, in order to allow the shareholder structure the widest participation in the assembly work and with the aim of maximizing the popular nature of the Institute, has organized the assembly in multi-venue mode: in Ragusa, with the possibility of participation of Members also via remote audio-video connection from Syracuse and Catania, as well as via Designated Representative. The path undertaken by the Bank in consolidating profitability, efficiency and capital solidity continues steadily. Continuous investments and the ability to generate value allow us to give maximum satisfaction to our membership base, which is expanding year on year, with over 20,000 shareholders and with growing membership of the Radici Members Program”.

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Saverio Continella, CEO, commented: “The approval of the financial statements which recorded excellent economic and financial results and the strong consensus received today from the shareholders, in continuity with the work carried out in recent years, confirms that the Bank is based on solid foundation. With a social base growinga structurally sustainable business model, consolidated asset quality and excellent capital solidity, the bank can now look further to fully grasp the challenges and opportunities that the market and territories can offer, consolidating its regional presence and activating advanced services for customers”.