Banco di Sardegna closed the first half of 2026 with a gross profit of 146.9 million euros, up 9.6% compared to the first half of 2025, and with a net profit of 94.9 million euros (+5.4%), after taxes of 51.9 million.
This is what emerges from a statement from the credit institution. Total funding growth was very strong, reaching €23 billion (+4.3% compared to December 2025), thanks to the positive contribution of all components: €13.2 billion in direct funding (+2.6%); €4.1 billion in assets under management (+4.6%); €4.4 billion in securities under custody (+9.0%); and €1.2 billion in insurance-related savings (+5.8%).
Net customer loans amounted to €7.2 billion, up 2.4% compared to December 2025. During the first half of the year, new disbursements to households and businesses exceeded €500 million. Support for families purchasing their first home was particularly significant, with new mortgages disbursed totaling over €256 million. Credit quality remained excellent. Net performing loans rose to €7.2 billion (up €174.4 million compared to December 2025), while net non-performing loans decreased to €60.5 million (down €3.3 million).
The gross NPE ratio stands at 2.0% and the net NPE ratio at 0.8%, significantly lower than the banking system average. Net bad debts, now close to zero, amount to €11.5 million. Risk coverage levels remain high (59.2%) and the cost of risk remains extremely low at just 3 basis points. The annualized default ratio further declines to 0.5%, supported by significant levels of prudential overlays.
Capital strength remains among the best in the Italian banking system, with a CET1 ratio of 36%, well above regulatory requirements.
(Unioneonline)
