Credem Reports Strong 2024 Financial Performance with Increased Profit and Dividend

An update from Credito Emiliano SPA Credem ( (IT:CE) ) is now available.

Credem’s shareholders approved the 2024 financial statements, showcasing a 10.3% year-over-year increase in net profit to 620.1 million euros and a dividend rise to 0.75 euros per share. The bank’s solid performance is attributed to its strategic focus on diversification and sustainable growth, with customer deposits and loans increasing significantly. Credem’s asset quality remains high, with a low Gross NPL Ratio and strong capital ratios, positioning it as a leading institution in Europe. The bank’s continued growth and strategic initiatives underscore its resilience amid macroeconomic and geopolitical uncertainties, benefiting stakeholders and ensuring long-term value creation.

More about Credito Emiliano SPA Credem

Credito Emiliano SPA (Credem) is a prominent financial institution operating in the banking industry, primarily offering banking services and financial products. It is recognized as one of the most solid banks in Europe and the best in Italy among those supervised by the European Central Bank, with a strong focus on sustainability and diversified revenue sources.

YTD Price Performance: 10.66%

Average Trading Volume: 721

Technical Sentiment Signal: Sell

Current Market Cap: €4.08B

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