Banco di Desio e della Brianza (BDB) H1 2026 earnings summary

Executive summary

• Consolidated net profit for H1 2026 reached €76.1 million, up 8.0% year-over-year.

• Annualised ROE improved to 9.8% from 9.3% at end-2025.

• Operating profit rose to €143.0 million, a 17.5% increase over H1 2025.

• Revenue grew by 8.5%, driven by net interest income (+2.8%) and net fee and commission income (+17.9%), especially from Bancassurance.

• Cost/income ratio improved to 55.9% from 59.3% in H1 2025.

Financial highlights

• Net interest income: €181.5 million (+2.8% YoY).

• Net commissions: €126.8 million (+17.9% YoY).

• Operating income: €324.6 million (+8.5% YoY).

• Operating expenses: €181.6 million (+2.4% YoY).

• Cost of credit: €19.2 million (+72.6% YoY).

• Net loans to customers: €12.5 billion (down 1.8% from YE 2025).

• Total customer assets under administration: €42.8 billion (+6.2% from YE 2025).

Outlook and guidance

• Supervisory authority confirmed transitional period for MREL requirements until 1 January 2027.

• No additional subordination requirements attached to MREL.

• Continued focus on integrating ESG factors and expanding bancassurance and wealth management.