Banco di Desio e della Brianza (BDB) H2 2025 earnings summary

Executive summary

• Consolidated net profit reached €127.3 million, up 0.3% year-over-year, with ROE at 9.3% and a 50% dividend payout for 2025.

• CET1 ratio improved to 18.3%, well above regulatory requirements, and the NPL ratio decreased to 2.7%.

• The Group advanced ESG integration, achieving 1.5% green loans and 5% green bonds of wholesale inflows, and adhered to Principles for Responsible Banking.

• The merger of Dynamica Retail into Fides created a consumer credit hub, making Fides the 5th largest operator.

• Dividend payout set at 50%, with total dividends rising 11% to €67.1 million (€0.5105 per share, 6.56% yield).

Financial highlights

• Net profit: €127.3 million (+0.3% YoY); operating income: €607.4 million (-2.9% YoY).

• Net interest income: €346.7 million (-9.1% YoY); net commissions: €233.9 million (+5.7% YoY).

• Cost/income ratio: 60.4% (vs. 56.8% YoY); operating expenses: €366.0 million (+5.0% YoY).

• Loans to customers: €12.7 billion (+5.9% YoY); direct deposits up 5.8% to €16.7 billion; indirect deposits up 4.6% to €23.6 billion.

• Cost of risk improved to 33bps from 45bps year-over-year.

Outlook and guidance

• The Group expects continued positive results in 2026, barring significant adverse macroeconomic events.

• Focus remains on profitability, capitalisation, asset management, bancassurance, and supporting customers through innovation and ESG integration.