Half Year 2024 illimity Bank SpA Earnings Call Transcript

Aug 08, 2024

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Aug 08, 2024 / 07:00AM GMT
Operator

Good morning. This is the Chorus Call conference operator. Welcome and thank you for joining the illimity Bank first-half 2024 results conference call. (Operator Instruction)

At this time, I would like to turn the conference over to Mr. Corrado Passera, CEO of illimity Bank. Please go ahead, sir.

Corrado Passera - illimity Bank SpA - Chief Executive Officer, Executive Director

Thank you. Good morning, everyone. Welcome to the presentation of illimity second-quarter 2024 results. Let's start from slide 3. First half net profit, EUR23 million, up 43% year on year, excluding last year's extraordinary revenue.

Q2 net profit EUR12.2 million, up 13% quarter on quarter. Without the anticipated payment of the deposit guarantee scheme contribution, our net profit would have been EUR16.8 million, a 56% increase. Corporate and investment banking pretax profit, up 26% quarter on quarter and 35% year on year.

Specialized credit, business origination up 79% from the previous quarter. Capital and liquidity, strong figures. Core Tier 1 ratio is at

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