ROVIGO – A participatory meeting full of guests and families was held this afternoon 11 May at the Cesnser in Rovigo, where a total of in the presence and by proxy of 466 members from all the areas where the Bank is located.
On the agenda is the approval of a very positive budget, voted unanimously, with a profit of 19.5 million euros, which attests to a BCC in excellent health in relation to all indices, active and very dynamic in terms of assets under management, close to the community and the productive activities of its territory .
“The capital ratio (Cet1 ratio) has reached almost 20.5% – explained the General Director, Tiziano Manfrin – This guarantees, together with the credit coverage that has arrived, for 100% bad debts, financial solidity and the ability to assist the local socio-economic fabric with significant means. Own funds reached the threshold of 150.3 million euros (+13%) and the operating profit stood at 19.3 million euros”.
They were present at the meeting and the Bishop of Rovigo brought their greetingsMonsignor Pierantonio Pavanello and the President of Mutua Tra Terra e Mare, Lorenzo Contiero, who illustrated the bank’s extended welfare initiative to the members.
“The Bank is not just numbers – commented the president Mauro Giuriolo – It is above all programs and projection towards the future. At the end of June – the president anticipates – we will open a new branch in Vigonza in the Padua area, in an area characterized by lively entrepreneurship. We believe this is a good area for expansion for the Bank. The opening in 2023 of the new branch in Padua in Corso Uniti and the renovations of the branches in Abano Terme, Bottrighe and Stanghella have given new impetus to the banking consultancy activity and beyond. The results are very satisfactory and we are motivated to undertake new initiatives to consolidate and strengthen the network, with caution but with a view to development. The Vigonza branch will be an important presence – said the President – with 5 specialists dedicated to the activity and 360 degree consultancy”.
“We have a young team, very well formed– general director Manfrin then added – The Bank has focused heavily on training and the concept of belonging, rewarding merit, skills, but also the willingness of collaborators to grow professionally. In five years we have hired 63 new collaborators and over fifty of them are colleagues under 30 years old. Half are women. A young bank, motivated to undertake new projects and to increasingly be a point of reference for the territories”.
To the question that all families ask themselves if rates will fall, Manfrin responds: “The European Central Bank announced in June that it would lower rates soon, but we believe it will not be a robust reduction. All things considered, our businesses are doing well, we have no evidence to say that the economy is not doing well, but families are struggling. They are struggling due to increased mortgage payments, but also due to inflation which has increased the cost of living.”
