Banco di Desio e della Brianza (BDB) H1 2025 earnings summary

Executive summary

• Net profit for H1 2025 was €70.4 million, down year-over-year (8.0%–9.9%), with ROE at 9.9% and cost/income ratio at 59.3%.

• Operating income decreased by 4.9% to €299.1 million, mainly due to lower net interest income and commissions.

• CET1 ratio improved to 18.5%, well above regulatory requirements, and liquidity coverage ratio reached 205.2%.

• The Group completed the acquisition of 100% of Dynamica Retail and launched a project to merge it with Fides, creating a consumer credit hub.

• Loans to customers increased (0.6%–1.8%) from year-end 2024, while direct deposits declined 1.4% and indirect deposits rose 1.7%.

Financial highlights

• Net profit: €70.4 million (down 8.0%–9.9% year-over-year).

• Operating income: €299.1 million (down 4.9% year-over-year).

• Net interest income: €176.5 million (down 8.2% year-over-year).

• Operating expenses: €177.4 million (up 9.4% year-over-year).

• Cost of risk improved to 18 bps, with net value adjustments for credit losses down 33.5%.

Outlook and guidance

• Management expects positive results for 2025, barring significant adverse macroeconomic events.

• Focus remains on supporting households and SMEs, digital innovation, and ESG integration.

• The Group aims to maintain strong profitability and capitalisation, targeting best-in-class sector ratios and expanding in consumer credit.

• Capital ratios significantly strengthened following A-IRB model adoption, supporting external growth initiatives.