The yes reached 94% of the voters. Wednesday is repeated for the budget. The president Del Piero: “A necessary epochal transition understood by the shareholders”
Elena of the judge
April 12, 2021
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UDINE. In its third transformation in 135 years of history, Civibank obtained an almost plebiscitary “yes”, 94% of the voters, to an assembly very different from the traditional ones, due to Covid, which also obtained an excellent participation: 2,351 voters, a a much higher number than face-to-face meetings. All elements that snatch an enthusiastic comment from the president of the credit institution, Michela Del Piero: «I am really very happy with the result – she declares -. There was nothing taken for granted in this consultation of the Civibank shareholders because what we have proposed is an epochal transition: from a Banca Popolare to a joint stock company.
The result of the vote makes it clear that the message we wanted to convey has been grasped, that is, that the transformation into a Spa was a necessary step in order to keep alive those values of independence and autonomy that reside in the DNA of the historic Cooperative Bank of Cividale, an objective only possible if we manage to continue to be present and competitive on the market ».
The other step, equally important, “is the choice to be a benefit company, and we are the first among the commercial banks in the country to have wanted to take this step – again Del Piero -, also linked to our values that address people, families, the territory, collaborators “. Now Civibank plans the next steps, already outlined in the strategic plan of the institute, which foresee an extension of the range of action in Veneto, Trentino and Emilia. But above all, a path with ambitious objectives on the business front, foreseeing further growth in the operating profit, which in the 2020 budget has already reached 6.8 million, to 14 million euros in 2023.
“We will work even harder to reciprocate the trust of the shareholders – is the promise of the president -, making a commitment both from the point of view of the profitability and margins of the institute, and in supporting our customers, businesses and families that we can serve in an even more structured and close way and with great attention to the social, governance and environmental dimension of our action “.
The appointments with the shareholders are not over, however. On Wednesday, April 14, Civibank will call the shareholders for the approval of the 2020 accounting documents, and therefore the financial statements and reports of the directors, with the same mechanism as the designated representative, which requires the holders of shares in the bank to go to a branch and there they proceed to assign their vote indication which will then be communicated at the meeting.
The bank’s balance sheet closed with a profit, as mentioned, of € 6.8 million, with an increase of + 148% compared to the € 2.7 million at the end of 2019); shareholders’ equity reached 291 million euros (+ 2.2%); Loans to customers amounted to € 2.97 billion (+ 5.1%), with € 661 million of new loans disbursed during the year to local households and businesses (+ 8.4% compared to 2019). In the year of Covid, 5,350 financing transactions with a moratorium were completed, for a value of over 723 million euros. Finally, the partial renewal of the Board of Directors is also on the agenda: in fact, Andrea Stedile, vice-president of the institute and president of the Executive Committee, proposed for re-election, is about to expire.
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