MILAN (ITALPRESS) – Cherry Bank published the results for the first half of 2026 approved by the Board of Directors of the Bank chaired by Marina Natale. The profit imposed on 30 June 2026 is 38 million euros, in line with the results of 30/6/2025 (38.1 million). Net profit is EUR 23.6 million, including higher tax impacts for regulatory changes introduced since 2026. ROE is 20.4%. The intermediation margin is EUR 102.2 million and is substantially stable in the year-over-year dynamic (103.8 million at 30/6/2025). Net of the tax credit contribution, the intermediation margin is up by 7% a/a. The margin of interest is 25.2 million euros, up 63% a/a (15.5 million at 30/6/2025). Net commissions are 10,5 million (+51% compared to 7 million at 30/6/2025). Value adjustments on credits at 30/6/2026 amounted to 6.2 million (7.1 million at 30/6/2025).
The net result of the financial management is 96 million euros and is substantially aligned to the first half of 2025 (96.8 million at 30/6/2025). The total operating costs amounted to 58 million, a slight decrease on an annual basis of 1% (58.7 million euros at 30/6/2025). “The results of the first half of 2026 are positive and slightly above the expectations of our Strategic Plan 2026-2028. As early as 2025, a progressive review of the business model is underway according to clear and consistent guidelines: the development of Factoring and special finance to companies, the consolidation of the Relationship Bank model thanks to the services of Private & Wealth Management and the Retail network. The new business shows a dynamic growth and confirms that the tracked direction is correct and will allow us in the next few months to consolidate our role as a reference partner for entrepreneurs and their businesses”, said Giovanni Bossi, CEO of Cherry Bank.
In the first six months of 2026, in line with the guidelines of the Strategic Plan 2026-2028, the Bank continued in the process of repositioning the business model already started in the course of 2025. In particular, in these first six months, Cherry Bank has strengthened, with new specialist skills, the Corporate & Investment Banking Area; continued in the development of the Relationship Bank Area, according to the model constituted a year ago, through: the strengthening of the Business Unit Private & Wealth Management – focused on providing a synergistic proposal with the CIB – with 31 relationship managers (at 30.6.2026) and with the expansion of the partner Cherry Bank continued the path of gradual completion of the business of tax credits, in line with what is foreseen by the Strategic Plan, with a contribution to the economic result that remains positive, although expected in progressive reduction until 2028. The growth of Factoring and the CIB Area will allow, in fact, to completely replace the contribution of this profitability within the horizon of the Strategic Plan. He also maintained “a highly rigorous and selective approach to the business of NPLs, maximizing profitability with a very rapid turnover of the capital used to optimize asset impacts.”.
– Cherry Bank press office photos –
(ITALPRESS).
