(Alliance News) - Banco Di Desio e della Brianza Spa reported Thursday that it closed the first quarter with a consolidated net profit of EUR39.1 million from EUR158.5 million as of March 31, 2023, down 75%.

Net interest income for the period was EUR96.3 million from EUR78.1 million in 2023, up 23 percent.

On the capital front for Banco Desio Brianza, the CET 1 ratio stands at 19.02%, the same as TIER 1, while the Total Capital ratio is 19.88%.

The annualized ROE stands at 11.8%.

On the funding front, direct funding increased to EUR15.0 billion, up 1.3%. Indirect deposits are EUR21 billion, up 4.7 percent.

By Claudia Cavaliere, Alliance News reporter

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