The results

CDP: record level of committed funds in the first half of the year. Profit rises to 4.3 billion

Investments have risen to 49.5 billion, a sharp increase (+19 per cent). Postal deposits have risen to 301 billion

 IMAGOECONOMICA

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

Cassa Depositi e Prestiti has reached the halfway point in its half-yearly results with over 20 billion in committed funds (27 per cent more than in the same period of 2025): a level that the group, chaired by Giovanni Gorno Tempini and led by Dario Scannapieco, describes as ‘a record’. This is accompanied by a sharp increase in investments, totalling 49.5 billion (+19% compared with the first half of 2025 and with a leverage effect of 2.5 times due to the capital attracted from other investors). CDP’s total funding reached 363 billion (2% of the figure at the end of 2025), whilst total loans to the public administration, businesses, infrastructure and international cooperation amounted to 130 billion, 2% more than at the end of 2025.

From a strictly financial perspective, consolidated net profit stands at 4.3 billion (1 billion more than in the first half of 2025), whilst the figure for the parent company was 1.8 billion (compared with 1.9 billion in the same period of the previous year), with total assets amounting to 14 billion, compared with 11.1 billion in the first six months of 2025.

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Gorno Tempini: the half-yearly report paints a picture of a solid and dynamic institution

According to the statement released by the group, these results represent a milestone – in terms of investment and resources committed – that exceeds the targets set out in the 2027 plan. “The half-year just concluded,” commented Chairman Gorno Tempini, “paints a picture of a solid and dynamic organisation that creates value thanks to the constant commitment of its people, helping to build the country’s future with confidence and a spirit of service, even in the face of a challenging global landscape.”

Scannapieco: the results demonstrate the effectiveness and quality of the approach adopted

According to CEO Scannapieco, ‘the results for this half-year demonstrate the effectiveness and quality of the path we have taken: the more than €20 billion in committed resources and the €49.5 billion in investments made allow us to look back with pride on the work carried out so far and to look forward with optimism to the next steps’.

Postal deposits on the rise

Turning to the figures, postal deposits stood at 301 billion (+1 per cent), whilst deposits from banks and customers totalled 38 billion (+15 per cent), whilst bond deposits totalled 24.2 billion (down 2% compared with the first half of 2025 due to both institutional and retail maturities, which were only partially offset by new issues during the period).

Data from the company

Net interest income stands at 1.4 billion (up by 58 million on the first half of 2025), dividends amounted to one billion (down by 98 million on the previous year due to trends in the dividends paid by group companies), whilst other net income stood at 100 million (+36 million compared with the first half of 2025).

Resources allocated by sector

Turning to the group’s activities, of the 20 billion in resources committed during the first six months, 14.5 billion was earmarked for businesses and financial institutions, 2 billion for infrastructure and around 2.3 billion for the public sector. With regard to equity, 400 million was committed, whilst in the property sector the figure stood at around 600 million. Finally, in the area of international development cooperation, the figure stood at 400 million.

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