Banco Desio Achieves Investment Grade Rating Upgrade

Banco di Desio e Della Brianza SPA ( (IT:BDB) ) has shared an announcement.

Banco di Desio e della Brianza S.p.A. has received an upgrade in its credit rating from Fitch Ratings, moving to an investment grade of ‘BBB-‘ with a stable outlook. This upgrade reflects the bank’s success in achieving strategic goals, diversifying revenue, and maintaining profitability despite declining interest rates. The bank has improved its financial indicators, maintained good asset quality, and built significant capital buffers, which enhances its industry positioning and stakeholder confidence.

More about Banco di Desio e Della Brianza SPA

Established in 1909 and listed on the Milan Stock Exchange since 1995, Banco di Desio e della Brianza S.p.A. is a modern multi-product banking group with a strong regional presence in Northern, Central Italy, and Sardinia. It operates 277 branches and employs over 2,500 people. The bank is involved in consumer credit through Fides S.p.A. and Dynamica Retail S.p.A., and in asset management and bancassurance through partnerships with national and international firms, managing assets over 18 billion Euros.

Average Trading Volume: 267,780

Technical Sentiment Signal: Buy

Current Market Cap: €998.3M

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