Brief: Generalfinance Approves 2022-2024 Business Plan

Generalfinance

04/11/2022 17:17

Nov 4 (Reuters) - GeneralFinance SpA  GENFIN.MI :
    * THE BOARD OF DIRECTORS HAS APPROVED THE 2022-2024 BUSINESS
PLAN 
    * SEES IN 2022-2024 TURNOVER GROWTH OVER 30% PER YEAR ON
AVERAGE
    * SEES PROFIT FOR 2024 OF EUR 21.5 MILLION, 2024 ROE AT 36%
    * COMPANY INTENDS TO  PRUDENTIALLY MAINTAIN A CET1 RATIO
VALUE IN
EXCESS OF 11% THROUGHOUT THE PLAN'S TIMETABLE
    * SEES CET1 AT THE END OF 2022 ESTIMATED TO BE OVER 15%
    * SEES TOTAL CAPITAL RATIO OVER 13% THROUGHOUT THE PLAN'S
TIMETABLE
    * COMPANY BELIEVES ORGANIC DEVELOPMENT TO BE POSSIBLE IN
GEOGRAPHICAL AREAS NOT  YET COVERED SUCH AS SPAIN, FRANCE,
GREECE AND PORTUGAL
    * ANTICIPATES A GROSS NPE RATIO OF 0.8% IN 2024

Further company coverage:  GENFIN.MI 
 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))