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BFF Bank SpA ( (IT:BFF) ) has issued an announcement.
BFF Banking Group reported a significant increase in their accounting net profit for 2024, reaching €215.7 million, marking a 26% rise year-on-year. The company’s loan portfolio grew to €5.9 billion, and they maintained strong liquidity with deposits at €8.5 billion, ensuring a healthy loan-to-deposit ratio. Despite challenges, including past due portfolios and the impact of Italian municipal debtor distress, BFF’s capital ratios remained above regulatory requirements, with adjustments in financial targets extending to 2026. The organization saw positive developments, such as reduced non-performing loans and a modified structure to enhance execution, positioning BFF for continued growth and stability.
More about BFF Bank SpA
BFF Banking Group operates in the financial industry, offering services such as factoring, lending, credit management, payments, and securities services. The company focuses on maintaining a strong presence in the European financial market with a diverse portfolio and a strategic emphasis on liquidity and capital management.
YTD Price Performance: -13.04%
Average Trading Volume: 5,163
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.49B
See more insights into BFF stock on TipRanks’ Stock Analysis page.
