May 2022
Solution Bank: Q1 results 2022
Solution closes the first quarter of 2022 continuing the important growth path undertaken in the last three years, even in the changed macroeconomic environment.
The economic performance, in the first three months of the year, reflects a positive performance, with a pre-tax income of €4.5m (+47.3% vs Q1 2021) and a Cost/Income ratio of 42.5%.
During the quarter, Solution continued to grow the loan portfolio, amounting to €735mln at the end of March (+6.7% compared to December 2021) and to control the stock of organic NPEs (net NPE ratio at 4.7%, stable vs 2021), with total assets over 1bn euros.
These results were achieved while maintaining a solid capital position (CET1 ratio of 13.7%) and liquidity position (LCR of 198%).