For Credem a net profit of 621 million in 2025
The bank proposes a dividend of EUR 0.75 per share. Morellini: 'Confirmed our Group's ability to generate value consistently, regardless of market cycles'
Credem closed 2025 with a net profit of €621.5m, +0.2% year-on-year. The figure was €522.8m net of the €98.6m benefit from the sale of the merchant acquiring business. This was announced by the bank in a statement issued yesterday evening. Net banking income amounted to EUR 1.8bn (down 7.3% compared to end-December 2024). Within the aggregate, the financial margin was EUR 973.9m, compared to EUR 1,119.5m at the end of December 2024 (down 13%). The service margin, on the other hand, amounted to 909.6 million (-0.4). Operating expenses rose to EUR 934.2m (+3.4%), with a cost/income ratio of 49.6% (vs. 44.5% as at 31 December 2024).
In this context, the results allow for the distribution of a dividend of EUR 0.75 per share, equivalent to a coupon of 4.7% of the current share valuation. Loans to customers reached EUR 37.7 billion (up 3.6% year-on-year) and more than 181,000 new customers were acquired. Total customer deposits thus amounted to 114.1 billion, up 8.4% year-on-year. In this context, the ratio of gross problem loans to gross loans was 1.61%, compared to 2.42% for the average of significant Italian banks and 2.22% on average for European banks. The ratio of net impaired loans (net NPLs) to net loans stood at 0.67% and the annualised cost of credit was 13 basis points.
Moreover, at the end of December 2025, the Common Equity Tier 1 Ratio at banking group level was 16.99%, while the Supervisory Common Equity Tier 1 Ratio was 15.82% compared to the 8.55% minimum assigned by the ECB including the SyRB, the new additional buffer introduced by the Bank of Italia.
"We close an excellent 2025, which confirms our Group's ability to consistently generate value, regardless of market cycles," underlined in a note Stefano Morellini, Credem's general manager. Our "strategy, combined with the diversification of revenue sources, allows us - continued the CEO - to look to the future with confidence, ready to continue to support families and businesses in the challenges of economic and digital transition, always keeping at the core the creation of value and wealth for all our stakeholders". With regard to the future, Morellini added: "Looking ahead to 2026, although in a macroeconomic context that calls for prudence, we are ready to do our part to continue to support the economic and social fabric by keeping listening to customers, valuing people, and constantly striving for excellence in service levels at the centre.
