Financial Capital

Financial resources obtained from external providers and generated by our bank's activity, that are used to support clients' business and bank operations for the medium-long term.1

1. Financial data corresponds to information in our 2021 Annual Reports and Accounts. When not applicable, management data is used. For additional information on Group results, refer to the 2021 Annual Reports and Accounts and to the Presentation on 2021 preliminary results available on the investors section of the Group website. Refer to Our Strategy chapter for more information.

Stefano Porro
Stefano Porro
Chief Financial Officer

We are expecting growth in all our countries.

Financial Capital Highlights

bonds
37bps
Cost of risk in 2021
green bonds
€1bn
1 Green Bond issued
social bonds
€155m
1 Social Bond issued

How we do the right thing

THE RESOURCES WE HAVE

  • solid equity position
  • balanced funding mix
  • long-term financial stability

COMMUNITY IMPACTS

  • support the economy's recovery
  • employees remuneration
  • significantly increase shareholder returns

HOW WE CONTRIBUTE TO A MORE SUSTAINABLE WORLD

  • support to clients' green transition
  • significant contribution to the origination of sustainable bonds and sustainable finance overall

Results and targets

2021 RESULTS

bn
Net Profit A
%
RoTE
bn
shareholder distribution B
%
CET1 ratio

TARGETS

>€bn
Net profit by 2024
c.%
RoTE (by 2024)
≥€bn
shareholder distribution B 2021-2024
12.5%-13%
CET 1 ratio by 2024

A. Underlying net profit (i.e. stated net profit adjusted for non-operating items), adjusted for AT1, CASHES and DTA from tax loss carry forward contribution.

B. Share buyback plus cash dividends cumulative (o/w c ash payout ratio for 2022 is expected at 35%). Shareholder distribution subject to Annual General Meeting and Supervisory Authorities approval.

Our Stories

Our Clients
Italy
Dott. Gallina
The Piedmontese company Dott. Gallina has an ambitious goal: to convert an abandoned, historic…
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Our Clients
Germany
Rathgeber AG
A household name, Rathgeber AG has been active in Munich for more than a hundred years. In…
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Our Clients
Serbia
Elicio Ali VE
Elicio Ali VE is a 100% subsidiary of Elicio NV, a young and ambitious energy producer…
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