(Alliance News) – During the presentation of the “Full Value 2027” business plan, Gianni Franco Papa, CEO of BPER Banca Spa, outlined the main strategic objectives and the actions planned to achieve them.
Before answering analysts’ questions, Mr. Papa said: “Our plan is structured to support solid growth, preserve a robust liquidity profile and accelerate capital growth, while ensuring higher returns for our shareholders.”
One of the main objectives is to reduce operating costs while maintaining a low risk profile.
Mr Pope expressed confidence in the feasibility of the plan, stressing: “We are convinced that this plan is realistic and achievable. The targets set for 2027 are ambitious, but they are based on a clear vision.”
“Currently we serve 5 million customers, including 3.5 million individuals. BPER is the third Italian bank in terms of number of customers and the third player in the field of wealth management. We see enormous potential there. financial growth,” he said.
Key points of BPER’s strategy include strong growth potential, large-scale benefits and high asset and capital quality.
BPER’s new plan reflects a “firm commitment to a more sustainable and improved dividend policy”, Mr Papa said as he presented the 2024-2027 business plan to the financial community.
He stressed that the new payout ratio of 75% is “significantly higher than in the past.” The expected cumulative dividends are around €3.2 billion between 2025 and 2027, representing a return of more than 15%.
Profitability will be driven by an increase in fees – by more than 250 million euros – and selective growth in loan volumes – by 300 million euros -, offsetting the expected reduction in net interest income caused by the decline rates and a reduction in the Ecobonus effect of around 450 million euros.
Mr. Papa also stressed that “commissions will represent 42% of total revenues, compared to 38% today.”
Finally, the operating ratio should improve, going from 52% expected at the end of 2024 to 50% in 2027.
BPER Banca shares are up 4.7% at 5.57 euros per share.
Par Giuseppe Fabio Ciccomascolo, senior journalist of Alliance News
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