CIC acheived solid results in an uncertain economic context
Published on 28/07/2022
In the first half of 2022, CIC demonstrated a strong commercial performance commercial with net banking income up 4.7%. Its financial strength is confirmed with net income of more than one billion euros taking into account a prudent provisioning policy due to the deterioration in the economic outlook.
The banking network had a very good first six months with net income of 466 million euros (+6.6%) whilst private equity business achieved net income of 251 million euros (+17.6%).