2024-05-09 20:27:44
TRENTO. The shareholders’ meeting of Bank for Trentino-Alto Adige (Bank für Trentino-Südtirol) approved the 2023 budget, which recorded a value of loans disbursed equal to 2.05 billion euros it’s a total collection at 5.49 billion. The financial year – we learn – closed with an aggregate net result of €47.43 million. The solidity index Cet1 ratio is 25.67%. The allocation of the profit involves the assignment of 40.94 million to the legal reserve (bringing the value of the assets to 373 million euros), 1.42 million euros to the mutual fund for the development of cooperation and 5 million to the fund charity.
The meeting, which saw the participation of 6,009 accredited members, of which almost 3,463 were present in person, also confirmed Giorgio Fraccalossi as president. Together with him – we learn – the directors Saveria Moncher, Paolo Toniolatti, Roberto Angeli, Roberto Graziadei and Stefania Turri were confirmed.
The board of arbitrators was also appointed (made up of Filippo Sartori, Luisa Antoniolli, Riccardo Salomone, Roberta De Pretis and Franco Larentis) and the board of auditors, made up of Massimo Frizzi, Sonia Rossi, Mariangela Sandri, Anna Giordano and Claudio Stefenelli.
Thanks were addressed to the outgoing statutory auditors, Daniel Frizzera, Fabio Scudiero, Robert Schuster and Stefano Tomazzoni, and to the outgoing alternate mayor Lorenzo Rizzoli.
The Assembly also approved the 2023 Budget.
The aggregate data of the two banks (Cassa di Trento and Cassa Rurale Novella and Alta Anaunia, which merged last January 1st to create the Bank for Trentino-Alto Adige) expressed a value of credits disbursed to customers equal to 2.05 billion euros and a figure for overall customer deposits amounting to 5.49 billion euros.
The economic data benefited from some positive phenomena such as the increase in margins on loans, the positive contribution deriving from interest on the proprietary securities portfolio and above all from a more than positive effect of the item relating to loan provisions.
The year therefore closed with an aggregate net result of €47.43 million.
The Assembly approved the allocation of the profit with the assignment of 40.94 million to the Legal Reserve – bringing the value of the assets to 373 million -, 1.42 million to the mutual fund for the development of cooperation and the significant increase – compared to the past – of the share aimed at the charity fund with the sum of over 5 million.
Thanks to the result obtained, the capitalization level of the new Bank improves, bringing the “Cet1 ratio”, a solidity index, to 25.67%.
2024-05-09 20:27:44