Half Year 2024 illimity Bank SpA Earnings Call Transcript
Good morning. This is the Chorus Call conference operator. Welcome and thank you for joining the illimity Bank first-half 2024 results conference call. (Operator Instruction)
At this time, I would like to turn the conference over to Mr. Corrado Passera, CEO of illimity Bank. Please go ahead, sir.
Thank you. Good morning, everyone. Welcome to the presentation of illimity second-quarter 2024 results. Let's start from slide 3. First half net profit, EUR23 million, up 43% year on year, excluding last year's extraordinary revenue.
Q2 net profit EUR12.2 million, up 13% quarter on quarter. Without the anticipated payment of the deposit guarantee scheme contribution, our net profit would have been EUR16.8 million, a 56% increase. Corporate and investment banking pretax profit, up 26% quarter on quarter and 35% year on year.
Specialized credit, business origination up 79% from the previous quarter. Capital and liquidity, strong figures. Core Tier 1 ratio is at
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