About us
The Banca Etruria Group is a player in several sectors outside its traditional banking operations, such as leasing, computer systems, real-estate management, financial services and business consultancy.
Banca Etruria, the Parent Company, is a Credit Society that operates in the regions of Tuscany, Latium, Umbria, Marche, Abruzzo, Molise, Emilia Romagna, Lombardia and Veneto. Today the branches are 184. Due to the special relations with the communities in which it operates, Banca Etruria offers a wide range of customised products and services to its three customer segments (Private, Corporate, and Retail) and is a leading gold broker. The Bank also offers an Internet Banking Service through Virty.
The main consolidated results achieved at 31 December 2009 are the following:
at the income level:
- year-to-date net profit amounts to € -10.6m (€ 19.1m at 31st December 2008)
- intermediation margin is € 334.4m (€ 309.7m at 31st December 2008)
- interest margin is € 221.4m (€ 242.1m at 31st December 2008)
at the balance sheet level:
- direct deposits are € 7,751m (up 22.8% compared to 31st December 2008)
- lending to customers reaches € 7,470.8m (up 5.4% compared to 31st December 2008)
Furthermore:
- cost/income ratio achieve 64.5% compared to 65.7% at 31st December 2008.