Bibanca closed the third quarter with a net profit of € 16.5 million, improving the result for the same period of 2020 (€ 10.1 million) by over 63%. This is what is read in a note from Bibanca after the approval of the quarterly financial statements at 30 September of Bibanca. Loan disbursements reached 637 million, up by 61.6% compared to the first nine months of 2020, bringing the stock of loans to customers to 1.75 billion (+ 26.1% compared to 30 September 2020). The interest margin and the brokerage margin improved compared to 2020, reaching 42.2 million (+ 15.2%) and 68.3 million (+ 36.7%) respectively. Operating costs amounted to 38.9 million, up by 26.6% also due to the increase in personnel expenses due to the recruiting campaign implemented by the Bank since January and which led to the hiring of approximately 40 people, in addition to the ‘one-off’ integration costs of the Ex Ubi and Intesa San Paolo branches acquired by the Bper Group as part of the Gemini project. Gross profit amounted to € 25.8 million and showed an increase of 72.8% compared to the result of the first nine months of last year. in line with last year’s figure. The ratio between total gross impaired loans and gross loans (NPE gross ratio) improved, equal to 2.49% (it was 3.06% at 30 September 2020 and 3.44% at 31 December 2020). The coverage of NPEs increased from 38.0% in September 2020 to the current 42.0%. The current incidence of moratoriums on personal loans is extremely low, stopping at 0.13% of the total stock of product loans as at 30 September 2021. The cost of credit drops to 0.20% (it was 0.31% in the first nine months of last year). Finally, shareholders’ equity exceeds 305 million euros. “When in 2016 the Banca di Sassari – comments Diego Rossi, General Manager of Bibanca – sold the branches, we rebuilt our business by embracing the principles of responsible and sustainable credit, also to seek to protect our clients from over-indebtedness crises “. This approach, he notes, “has ensured that Bibanca is now ready to face the challenge posed by the market. We have introduced principles such as responsibility, transparency, ESG (Environmental, Social and Governance) into daily operations: our papers are made in recycled pvc, the car fleet by the end of 2021 will be 60% full electric, the headquarters of the General Management in Sassari is powered by a system of 168 solar panels with a consumption of 100% of the energy produced, our agents in financial activities they share credit policies aimed at prudence and customer protection, last but not least, in Bibanca, 60% of the garments are women. We are proud of the commitment with which the people of Bibanca have worked, this quarterly confirms that being part of a solid banking group and working responsibly leads to important and satisfactory results “.