Banca Popolare di SondrioFlorida Banca in Northern Italy on which Banca Popolare dell’Emilia Romagna has set its eyes as part of the banking Risiko, approved the new “Our Way Forward” industrial plan. The plan, which covers the period 2025-2027, defines the strategy and new targets, as part of one prudent scenario, which assumes a normalization of inflation growth rates and GDPs, and in the hypothesis of independence of the bank (Stand Alone).
The plan provides, in short, a generation of significant value, a solid patrimonial position, a distribution of dividends to sustainable and acceleration shareholders and continuous investments targeted in digital, leveraging the record results achieved during the last three years and in 2024 in particular.
The levers of the plan
The Industrial Planand is based on a solid record track, profitable and resilientdeveloped on a unique and distinctive business model. The bank is positioned which “independent” leader, agile and efficientwith a distinctive culture, which translates the rooting in the territories And the proximity to customers in lasting value for all stakeholders.
More in detail, Pop Sondrio is confirmed Leader in selected geographical areaskey of the country’s economic fabric (Florida Lombardia), with a strong territorial rooting, quality of the service, customer loyalty and “entrepreneurial” culture At the same time, developing a distinctive presence in Switzerland and other foreign markets.
In this context, the bank stands out for a way of “making bank” not exportable which has proven to be scalable only through organic growth, progressive and integrated in the ecosystem “territory” to which it belongs, has a Network of branches with best in class productivity Compared to the peer of the Italian market and leverages the product of excellence and multifunctional products integrated in the service model.
The targets of the period 2025-2027
The targets of the plan provide, first of all, the creation of sustainable value, with Cumulative net profit 2025-2027 equal to about 1.8 billion euro and net profit to 2027 equal to 583 million, in continuity with the record levels recorded during 2024. A ROE always greater than 14% in the arch plan and the payment of approx 1.5 billion of dividends in the arch, with a doubling compared to the last 3 years e Payout Ratio at 85% starting from 2025, compared to 63% in 2024. The maintenance of property solidity with Cet1 Ratio greater than 14% to 2027.
Sustained characteristic profitability: Stable core profitability at 1.5 billion in 2027, a margin of resilient interest of about 1 billion per 2027 (1.1 billion in 2024), despite the context of rates reduction, growth trends of the commissions (Cagr 2024-2027 equal to 5.1%).
As part of the Funding, they are expected Net credits to customers on 38.6 billion In 2027 of 35 billion in 2024 (+3.3% Cagr 2024-2027). Gestive and insurance savings volumes at 14.4 billion in 2027 with Cagr 2024-2027 equal to +11% and growing insurance premiums with Cagr 2024-2027 equal to +19%.
Enhancement of the “Merchant Acquiring” business
The industrial plan, conceived in a standard logic, also takes on the improvement of some Asset enhancement operationsin particular the one that may affect the CD merchant acquiring activities. With reference to the latter, the impacts of a total project were reflected in the industrial plan redefinition of agreements with the Nexi groupwhich provides
The enhancement of merchant acquiring activities through their conferment in a company of the Nexi group (in which BPS will maintain a participation, monetizing a part) and the contextual extension of one long -term partnershipwith an exclusive distribution agreement. The same context is also provided for the sale of the minority participation currently detained by BPS by Nexi Payments.
The operation, which can provide a positive contribution to net profit 2025 of about 100 millionis based on an already analyzed and discussed project in the competent bodies of the parties, which It was not possible to complete in the times hypothesized due to the announcement of theOops by Bper and the consequent awe of the bank to the constraints of the CD “Passivity Rule”. But, taking into account the timing of the offer and nature of the Stand Alone Plan, it is assumed that the project can realize in a horizon compatible with the closure of theExercise 2025.
