Annual report 2018

2018 Performance and KPI

In 2018, 36 billion euros of new lending by the Group (+6.9%) to the Italian economy.
Net profit of CDP S.p.A. at 2.5 billion euros (+15.3%).
Balance sheet strengthened to 24.8 billion euros for CDP S.p.A. and to 36.7 billion euros for the Group.

CDP S.p.A.

Funding

342,6 Bn euro

Net income

2,5 Bn euro

Postal savings clients

26,9 million

Net impaired loans/net exposures

0,07%

Rating

S&P's
BBB

Moody's
Baa3

Fitch
BBB

Scope
BBB+

CDP Group

Total assets

425,1 Bn euro

New lending

36 Bn euro

Net income pertaining to the Parent Company

2,9 Bn euro

Group equity

36,7 Bn euro

Employees of the Group

Over 30.000

Balance sheet, income statement and KPI figures
 

 
 

 
 

 
 

 
 
 
CDP S.p.A.
(million euro and %) 31/12/18 (1) Change 31/12/17 (1)
Reclassified balance sheet (a)      
Total assets 370,015 0.7% 367,265
Cash and cash equivalents 167,944 -3.7% 174,410
Loans 101,293 -1.3% 102,643
Equity investments 33,114 2.5% 32,298
Funding 342,595 0.6% 340,498
Equity 24,794 1.5% 24,435
Reclassified income statement (a)      
Net interest income 2,356 69.5% 1,390
Gross income 3,807 32.6% 2,870
Operating income 3,312 24.2% 2,666
Net income 2,540 15.3% 2,203
KPI      
Net interest income spread (*) 0.8%   0.5%
Cost/income ratio (*) 6.2%   5.2%
ROE 10.4%   9.5%
Net impaired loans/net exposures (**) 0.07%   0.2%

(1) Source: 2018 Annual Report, in which 2017 figures have been restated.

(a) The 2018 Annual Report includes the reconciliation tables of reclassified consolidated balance sheet and income statement figures with consolidated balance sheet and income statement figures.

(*) For the definition of these indicators, see 2018 Annual Report (Annex to the Report on operations).

(**) For 2018 Exposures include loans to banks and customers, disbursement commitments, cash and cash equivalents and bonds. For 2017 Exposures include loans to banks and customers, and disbursement commitments. Net exposures are calculated net of the provision for impaired loans.

CDP Group
(million euro and %) 31/12/18 (1) Change 31/12/17 (1)
Consolidated reclassified balance sheet (a)      
Total assets 425,083 1.3% 419,534
Cash & cash equivalents and other lendings 170,362 -4.7% 178,760
Loans 104,898 -3.1% 108,245
Equity investments 20,396 3.2% 19,770
Funding 367,226 0.9% 364,023
Equity 36,732 2.3% 35,921
of which pertaining to shareholders of the Parent Company 24,056 4.3% 23,061
Consolidated reclassified income statement (a)      
Net interest income 2,258 90.2% 1,187
Gross income 3,366 35.8% 2,478
Operating income 7,821 1.9% 7,673
Net income 4,333 -2.9% 4,462

(1) Source: 2018 Annual Report, in which 2017 figures have been restated.

(a) The 2018 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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Manager responsible for financial reports

Manager responsible for the drawing up of the corporate accounting documents. Subject to the prior opinion of the Board of Statutory Auditors, the Board of Directors appoints the Manager  responsible for the drawing up of the corporate accounting documents for a period of time not shorter than the term of office of the Board of Directors and not longer than six financial years (art. 24bis of Articles of Association).

  • Fabrizio Palermo