Q2 2025 BFF Bank SpA Earnings Call Transcript
Key Points
- BFF Bank SpA (FRA:2BF) reported a net profit of EUR 75 million for the first half of 2025, marking a 6% increase year on year.
- The loan book reached EUR 5.9 billion, representing a 5% year-on-year growth, which is the highest first-half volume ever for the group.
- The CET1 ratio stands at 14.3%, significantly above the 12% target, indicating a strong capital position.
- Transaction service deposits grew by 31% year on year, contributing to a stable liquidity position.
- The bank has launched a deposit gathering platform in Greece, further diversifying its funding sources.
- There are no direct updates on discussions with the Bank of Italy, which could impact future operations.
- Past due exposures remain a concern, although they have decreased by 10% in the last six months.
- Spain's loan book is down, reflecting lower volumes after a planned decrease at the end of last year.
- The bank is still under a dividend ban imposed by the Bank of Italy, affecting capital distribution to shareholders.
- The collection of the contagion portfolio has been slower than expected, with only EUR 16 million collected in the second quarter.
Good afternoon and welcome to BFF Banking Group first half 2025 earnings call. (Operator Instructions) Please note, this event is being recorded.
I would like to turn the conference over to Massimiliano Belingheri, Group CEO; and Giuseppe Sica, Group CFO. Please go ahead.
Thank you.
Thank you, everybody for joining us today for the reporting of our first half results.
Let me first of all say that we don't have any direct updates on our discussion with Bank of Italy, and we'll be given an update as soon as we have disclosable information. So let's. First on our financial and commercial performance in the first half of the year we continue improving our financial commercial performance on the trajectory we set already in Q1. They just net profit stands at EUR75 million, up 6% year on year. Equally importantly, the second quarter profit is also up 6% sequentially and 37% year on year in a good trajectory for the business.
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