Financial Highlights and Community impact

At the annual Shareholders’ Meeting held on May 18th at the Prealpi Sanbiagio Arena in Conegliano, Banca Prealpi Sanbiagio unveiled its extraordinary 2024 financial results and outlined its strategic vision for the coming years. the meeting, attended by over 2,000 members, showcased the bank’s robust growth and its unwavering commitment to supporting the local community through strategic philanthropy. The assembly approved the 2024 budget, the allocation of profits for charitable endeavors, and several statutory amendments.Furthermore, the strategic initiatives planned for 2025-2026 were presented, signaling a continued focus on sustainable growth and community engagement.

Key Financial Indicators Demonstrate Solid Growth

Banca Prealpi Sanbiagio’s 2024 financial performance underscores its strength and stability in a dynamic economic landscape.The bank’s overall banking product, encompassing both total deposits and customer loans, reached €8.9 billion, marking a substantial 5.8% increase compared to 2023. Total deposits grew by 6.8%, reaching €6.5 billion,while customer performing loans exceeded €2.4 billion, a 3.3% rise.

loans to customers represent a significant 53.5% of the bank’s total assets, highlighting its core mission of providing financial support to local families, artisans, and small to medium-sized enterprises (SMEs). Direct customer deposits account for 83.2% of total liabilities, confirming the bank’s reliance on local funding sources.

The institution’s net profit soared to €68.5 million, a notable 14.4% increase. this financial success will directly benefit the community through increased charitable contributions and further strengthening of the bank’s financial stability. The bank’s non-performing loan (NPL) ratio is remarkably low at 0.15%, indicating a high-quality loan portfolio. The CET1 Ratio stands at an impressive 32.5%, significantly above the banking system average, reflecting the bank’s strong capital position. Net assets have also increased to €558 million, a 12.8% rise, further solidifying the bank’s financial foundation.

Expanding Membership and Investing in Human Capital

Banca Prealpi Sanbiagio experienced significant growth in its membership base, reaching 19,365 members by the end of 2024, an increase of over 900 from the previous year. Notably, 61% of new members are under the age of 46, indicating a growing appeal to younger generations. The bank’s customer base also expanded, reaching 120,653, an increase of 3,356.

The bank employs 503 individuals (272 men and 231 women), maintaining a stable workforce. Demonstrating its commitment to employee development, Banca Prealpi Sanbiagio invested in 36,000 hours of staff training, an increase from approximately 30,500 hours in 2023. Training focused on key areas such as Mifid 2 and IVASS regulations, as well as financial advisory services for private clients and credit management for businesses.

Strategic Philanthropy: A Commitment to Community Well-being

Banca Prealpi Sanbiagio’s commitment to social obligation is exemplified by its substantial charitable contributions. The shareholders approved a profit allocation for charity totaling €6.5 million, representing 9% of the net profit and a €1 million increase from 2023 (+18%). This significant investment underscores the bank’s dedication to supporting local associations, cultural initiatives, and youth programs.

In 2023, the bank launched the “Strategic Philanthropy” project, leading to the adoption of a new policy aimed at maximizing the positive impact on local communities. This policy focuses on efficient resource allocation, aligning with mutual values and ESG (Environmental, Social, and Governance) principles. In its first year, 43.7% of charitable contributions supported sustainable development objectives, such as reducing inequalities, promoting sustainable cities, and enhancing quality education.An additional 41.5% focused on strengthening relationships within the territory,while 14.8% supported mutual objectives.

The policy employs two intervention methods: direct contributions and call contributions, with the latter playing an increasingly central role in fostering innovative planning. To further accelerate its philanthropic efforts, the bank presented its 2025-2026 call plan during the assembly. This plan is structured around the UN’s Sustainable Development Goals, addressing critical areas such as gender equality, education, artistic heritage preservation, summer programs, and rural community support.

President’s Remarks: A Vision for Sustainable Growth and Community Value

Carlo Antiga, President of Banca Prealpi sanbiagio, emphasized the bank’s commitment to delivering tangible value to its members and the community.

2024 confirmed the growth trend launched last year, with a highly expanding collection and an increase in funding to families and businesses, in contrast to the banking system. The patrimonial solidity, the quality of the assets and the diversification of our business model place us at the top of the sector. But what matters most is to have translated these results in tangible value for members and the territory: competitive remuneration, careful credit, concrete initiatives regarding savings and protection, combined with a share of profit to charity that reaches a new significant threshold. Our commitment as a community bank translates every day into concrete value for the territory.
Carlo Antiga, President of Banca prealpi Sanbiagio

Antiga further highlighted the bank’s significant contribution to the local economy.

The budget of consistency also demonstrates it: in 2024 we generated over 126 million euros of gross added value, of which more than 60% was redistributed to the community. It is the confirmation of the strength of the cooperative model, capable of combining economic sustainability, social responsibility and local roots. Furthermore, the new policy for philanthropic activity allows us to make this commitment even more effective and targeted, directing it to the real and future needs of our communities.
Carlo Antiga,President of banca Prealpi Sanbiagio