BPER Banca Spa announced Thursday that it has approved its new business plan to 2027, which is based on three pillars: customers, economies of scale and balance sheet.
The plan is already active and will go into full swing in the first half of 2025.
In detail, revenues are expected to increase by 1.5 percent over the plan period to around EUR5.5 billion in 2027, mainly due to the increase in fees of EUR250 million, and selective growth in lending volumes of EUR300 million, which will offset the decline in net interest income due to lower interest rates and the effect of the Ecobonus to EUR450 million.
Net interest income is expected to stand at around EUR3.1 billion at the end of 2027.
Net income is expected to increase to about EUR1.5 billion from about EUR1.3 billion, up 15 percent, which translates into an ROTE6 of more than 16 percent. Cumulative net income is expected to stand at around EUR4.3 billion over the plan period.
The CET1 Ratio will remain above 14.5 percent.
In addition, the company has indicated that it will continue to invest in IT with investments of EUR650 million over the plan period. Along with the modernization of the group, the integration of ESG factors will continue.
Through strong capital generation, BPER expects to remunerate shareholders with a sustainable pay-out ratio of around 75%, corresponding to cumulative cash dividends of around EUR3.2 billion between 2025 and 2027, equivalent to a dividend yield of more than 15%. For the purposes of the above, the Bank may also consider using interim dividend payments, having verified that the relevant technical and legal conditions are met.