Banca Popolare di Puglia e Basilicata reports €23.7M profit for H1 2026

Banca Popolare di Puglia e Basilicata (BPPB) has approved its interim report for the first half of 2026, reporting a net profit of €23.7 million. This figure is largely consistent with the adjusted results from the same period in 2025, though it appears lower than the reported profit of the previous year due to €17.4 million in non-recurring income from the sale of its Merchant Acquiring division in 2025.

The bank reported a 2.3% increase in its primary intermediation margin, reaching €100.7 million, driven by a 7.0% growth in net commissions and a slight 0.2% increase in interest margin. Operating costs remained stable with a cost/income ratio of 56.0%. Commercial activity saw €207 million in new loans granted to families and businesses, while total collections reached €6.93 billion.

Financial stability indicators remain high, with a CET1 ratio of 24.2%, a TCR of 24.5%, and an LCR of 301%. Credit quality is stable, with a net NPL ratio of 1.4% and a coverage ratio for impaired loans increasing to 60.3%. The bank has also initiated its 2026-2028 strategic plan, titled ‘Territorio, Persone e Crescita’.