Bilancio Gruppo CDP 2017 | CDP

2017 performance and KPI

Lending provided by CDP and the Group in support of the economy, respectively, 18.9 and 33.7 Bn euro.
Reinforced Group balance sheet stability.
Strong improvement in profitability

CDP S.p.A.

Funding

340.5 Bn euro

Net income

2.2 Bn euro

Postal savings clients

27.6 milion

Net impaired loans/net exposures

0.2%

Rating

S&P's
BBB

Moody's
Baa2

Fitch
BBB

Scope
A-

CDP Group

Total assets

419.5 Bn euro

New lending

33.7 Bn euro

Net income pertaining
to the Parent Company

2.9 Bn euro

Group equity

35.9 Bn euro

Employees of the Group

Over 30,000

Balance sheet, income statement and KPI figures
 

 
 

 
 

 
 

 
 
 
CDP S.p.A.
(million euro and %) 31/12/17 Change 31/12/16 Change 31/12/15
Reclassified balance sheet (a)          
Total assets 367.265 2,7% 357.710 3,7% 344.899
Cash and cash equivalents 175.280 8,3% 161.795 -4,1% 168.644
Loans 101.773 -1,2% 102.969 -0,7% 103.736
Equity investments 32.298 -0,8% 32.551 10,1% 29.570
Funding 340.498 2,6% 331.806 2,7% 323.046
Equity 24.435 5,3% 23.207 19,2% 19.461
Reclassified income statement (a)          
Net interest income 2.965 25,2% 2.369 161,7% 905
Gross income 2.817 46,5% 1.922 66,4% 1.155
Operating income 2.673 64,3% 1.627 78,7% 910
Net income 2.203 32,5% 1.663 86,2% 893
KPI          
Net interest income spread (*) 1,0%   0,8%   0,4%
Cost/income ratio (*) 5,3%   8,1%   12,9%
ROE 9,5%   8,5%   4,6%
Net impaired loans/net exposures (**) 0,2%   0,2%   -

(a) The 2017 Annual Report includes the reconciliation tables of reclassified balance sheet and income statement figures with statutory balance sheet and income statement figures.

(*) For the definition of these indicators, see 2017 Annual Report (Annex of the Report on operations).

(**) Exposure includes Loans to banks and customers and disbursement commitments. Net exposure is calculated net of the provision for impaired loans.

CDP Group
(million euro and %) 31/12/17 (1) Change 31/12/16 (1) Change 31/12/15 (2)
Consolidated reclassified balance sheet (3)          
Total assets 419.534 2,2% 410.522 2,9% 398.870
Cash & cash equivalents and other lendings 178.780 8,1% 165.452 -4,1% 172.523
Loans 108.222 -3,7% 112.380 1,7% 110.540
Equity investments 19.770 -5,9% 21.007 15,6% 18.172
Funding 364.023 2,3% 355.990 3,1% 345.409
Equity 35.921 0,4% 35.776 3,5% 34.553
of which pertaining to shareholders of the Parent Company 23.061 1,9% 22.625 11,5% 20.199
Consolidated reclassified income statement (3)          
Net interest income 2.761 31,1% 2.106 n.s. 551
Gross income 2.075 n.s. 113 n.s. (2.118)
Operating income 7.079 78,9% 3.958 n.s. 1.623
Net income 4.462 n.s. 1.225 n.s. (857)

(1) Source: 2017 Annual Report, in which 2016 figures have been restated.

(2) Source: 2016 Annual Report, in which 2015 figures have been restated.

(3) The 2017 Annual Report includes the reconciliation tables of reclassified consolidated balance sheet and income statement figures with consolidated balance sheet and income statement figures.

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