February 2023
Solution continues its consolidation path in the Italian credit market.
At the end of 2022, the bank’s assets amounted to EUR 1.1 billion.
In particular, the loan portfolio grew (+9.2%) reaching 753 million euro, with a particular focus on loans to companies assisted by special guarantees (Fondo Centrale di Garanzia, Sace and FEI), structuring of “bespoke” financing solutions, reperfoming of distressed loans and acquisitions of impaired loans on the market.
The path of reducing organic impaired loans also continued, with a net NPE Ratio of 4%.
The Bank’s revenues grew by 45% in 2022, thanks to both the increase in banking volumes and the positive contribution of the commission margin. As a result of these dynamics and the continued control of operating costs, the Cost/Income ratio in 2022 stood at 53% (vs. 66% in 2021).
Profit in 2022, amounted to EUR 12.3m and ROE stood at 14.4% (vs. 10.1% in 2021).
These results, were achieved while maintaining a solid capital position, with a CET1 ratio of 15.4%.
“We are very pleased with the results achieved by the bank and the continued development of our customer relationships that are the basis of our business. Solution’s growth is not over: it is now necessary to consolidate what we have built and look forward to seize the new opportunities that the market offers to ensure our customers a solid bank that supports them in their growth paths.” Frank Fogiel