RECORD PROFIT, and rising coupon, for Banca di Imola – La Cassa di Ravenna Group, which includes, in addition to the parent company, also Banco di Lucca e del Tirreno and other financial companies – which looks to a future made up of ever more services technological, but without forgetting the proximity of physical branches, which the bank considers an asset to be valorised, in contrast to the many closures that other banks are making. Banca di Imola operates with 37 branches in the provinces of Bologna, Ravenna, Ferrara and Florence and, after opening the second branch in Cento, is carefully evaluating other opportunities, in particular in the western area of the province of Bologna.
In recent days, the ordinary meeting approved – unanimously and in the presence of the president of the parent company Antonio Patuelli (in the photo on the right) – the 2023 financial statements, closed with a gross profit of 15.62 million euros (+ 46.23%), after the necessary adjustments, the more than prudential provisions and despite the extraordinary costs for the bailouts of competing banks ordered by the competent authorities, for 1.891 million euros (+0.83%). Net profit grew to 10.187 million euros (+44.93%). The meeting unanimously resolved the distribution of a dividend of 80 euro cents per share, a further increase. All characteristic indicators of banking activity are positive and the capital indicators are excellent. Direct deposits from customers rose to 1,637 million euros (+4.56%) and indirect deposits grew to 2,197 million euros (+6.68%), of which managed savings (including financial-insurance products ) reached 1,144 million euros. Overall collection from customers alone amounted to 3,834.7 million euros (+5.8%). The support for the economic activities of businesses and families is substantial, with investments that are essentially stable and amount to 835.8 million euros.
“2023 – explains the president of Banca di Imola Giovanni Tamburini (in the photo on the left) – was a year characterized by considerable instability, linked in particular to the war conflicts in Ukraine and Israel, which led to a sharp increase in the costs of energy and inflation, but also by two disastrous floods that hit the territory in which the bank operates, with heavy consequences from a social and economic point of view, both for families and for businesses, in support of which the bank has approved several specific initiatives”.
And what year will 2024 be? “Our policy of great attention to the quality of loans will continue and we expect the intermediation margin to hold up well. Furthermore – explains Tamburini – despite the many uncertainties, the conditions of the Imola economy in general are promising and we are an expression of the economy local”.
