Net Credit Extension of over € 1 billion, awaits this year this year Attica Banktold analysts during the presentation of the first quarter results of its Managing Director BankEleni Brettou.
As he pointed out, in the first quarter, the bank’s net credit expansion stood at 232 million, achieving a significantly higher growth rate than the average rate of the industry, with the bank having a market share of approximately 13.7% of the total credit expansion (ie, the new production). Healthy new funding.
Attica Bank’s new disbursements amounted to 671m euros, with disbursements in small and medium -sized enterprises and individuals holding the largest share. In particular, 53% were channeled to small and medium -sized enterprises and individuals, while 47% to large companies and complex funding.
Ms Brettou said that after her consolidation, with a reduction in the index of non -performing loans to 2.9%, Attica Bank can develop its potential that is expected to lead to predictions of more than € 280 million in 2027, to more than € 20%and more than € 20%.
At the level of deposits, the management’s provision for this year is a 10% increase (EUR 600 million), although this figure can be exceeded as the bank, again, can also receive government deposits.
As the administration noted, Attica Bank has reduced the cost of deposits by 30 meters, while 75% of them expire and will be re -evaluated in two months and 85% in six months. The administration said Attica Bank is the least exposed bank in interest rates, with the ECB on the move by 0.25 AB. have an impact on the bank’s net interest rates by € 4 million.
The administration also emphasized the Wealth Management, saying it is a strategic priority for the bank. Managed funds amounted to EUR 800 million (+6% from the previous quarter) in the first quarter, reflecting the confidence in Attica Bank both the market and the international investment firms with which it is working.
Stringing that a key priority for this year is the completion of the Attica Bank – Pancreas operating merger, with the transition of all information systems, Ms Brettou said that there is already synergies costs saving € 10 million in the first quarter (of which 7 million are already completed by 14 million. quarter). Already, as pointed out, the bank has achieved 1/3 of the target to save € 30 million by 2027.
Attica Bank’s CEO pointed out that after its resolution, the bank has a CET 1 capital index, 230 basis points above the minimum regulatory levels of 8.7%. However, the bank wants to improve its capital base and in this context it is going to proceed with AT1 and Tier II bonds.