Cassa di Risparmio di Asti S.p.A.
Gruppo Cassa di Risparmio di Asti Sede Legale e Direzione Generale: Piazza Libertà 23, 14100 Asti Tel. 0141 393 311 - Fax. 01 41 355 060 Capitale sociale € 3 63.971.167,68 int. versato Cod. Fisc. e iscrizione al Reg. Imp. n. 00060550050, P.IVA 01654870052 - Codice Destinatario SDI 75HCYT1 Numero REA: AT -76036 - Codice Banca: 60 85.5 - Codice Gruppo 6085.5 - Albo delle Banche Autorizzate n.5142.
Aderente al Fondo Interbancario di Tutela dei Depositi e al Fondo Nazionale di Garanzia.
www.bancadiasti.it - ufficiosegreteria@pec.bancacrasti.it Press Release 6 August 2026 Cassa di Risparmio di Asti Group Preliminary Results as at 30 June 2026 The preliminary results for the first half of 2026 have been approved. The Group reported a consolidated net profit of €26.7 million, after accounting for approximately €10 million of non -recurring expenses. The Bank's standalone net profit amounted to €34.1 million.
"Every number tells a story. Those of this half -year tell a story of growing trust:
over €18.5 billion of assets entrusted to the Cassa di Risparmio di Asti Group testify to the close relationship with our customers and local communities and confirm that t he transformation path we have embarked upon is already producing tangible results," stated Roberto Fiorini, CEO of the Banca di Asti Group. "In this context, the decrease in profitability compared with the first half of 2025 reflects the conscious decisio n to bring forward strategic investments in people, advisory services, innovation and service quality. This transformation process is already underway, and its benefits are expected to become increasingly evident in the near future, strengthening the Group 's ability to generate growth and value over the medium to long term." Customer loans exceeded €7.5 billion, up 1.0% compared with 31 December 2025.
Total customer assets under administration and management reached €18.5 billion, an increase of 2.4% (€426 million) compared with 31 December 2025, driven by strong growth in indirect funding (+8.5%). This result confirms the Group's ability to increase as sets entrusted by customers and to guide their evolution towards higher value -added solutions.
Cassa di Risparmio di Asti S.p.A.
Gruppo Cassa di Risparmio di Asti Sede Legale e Direzione Generale: Piazza Libertà 23, 14100 Asti Tel. 0141 393 311 - Fax. 01 41 355 060 Capitale sociale € 3 63.971.167,68 int. versato Cod. Fisc. e iscrizione al Reg. Imp. n. 00060550050, P.IVA 01654870052 - Codice Destinatario SDI 75HCYT1 Numero REA: AT -76036 - Codice Banca: 60 85.5 - Codice Gruppo 6085.5 - Albo delle Banche Autorizzate n.5142.
Aderente al Fondo Interbancario di Tutela dei Depositi e al Fondo Nazionale di Garanzia.
www.bancadiasti.it - ufficiosegreteria@pec.bancacrasti.it Capital strength remained solid, with a CET1 Ratio of 17.5% and a Total Capital Ratio of 21.4%, substantially unchanged from 31 December 2025 following the consolidation of CDR within the Group.
The Group's liquidity position also remained robust, with a Liquidity Coverage Ratio (LCR) of 232.9% and a Net Stable Funding Ratio (NSFR) of 163.0%.
*** The Board of Directors of Cassa di Risparmio di Asti S.p.A. ("Banca di Asti"), at today's meeting, approved the preliminary standalone and consolidated financial statements as at 30 June 2026.
The indicators as at 30 June 2026 confirm the Group's strength and reflect a transformation path already underway, evidenced by growth in managed assets, commercial development, the maintenance of high capital and liquidity levels, a solid profitability le vel with ROE at 5.13%, and the consolidation of structural resilience.
Key Highlights
▪ • Stable capital ratios: consolidated CET1 Ratio at 17.5% (17.9% at 31/12/2025), Tier 1 Ratio at 17.5% (17.9%), and Total Capital Ratio at 21.4% (21.7%).
▪ In particular, the Group's capital strength is summarized below:
Banca di Asti Pitagora Group CET1 Capital Ratio 19.5% 17.1% 17.5% Tier 1 Capital Ratio 19.5% 17.1% 17.5% Total Capital Ratio 23.7% 17.1% 21.4%
Cassa di Risparmio di Asti S.p.A.
Gruppo Cassa di Risparmio di Asti Sede Legale e Direzione Generale: Piazza Libertà 23, 14100 Asti Tel. 0141 393 311 - Fax. 01 41 355 060 Capitale sociale € 3 63.971.167,68 int. versato Cod. Fisc. e iscrizione al Reg. Imp. n. 00060550050, P.IVA 01654870052 - Codice Destinatario SDI 75HCYT1 Numero REA: AT -76036 - Codice Banca: 60 85.5 - Codice Gruppo 6085.5 - Albo delle Banche Autorizzate n.5142.
Aderente al Fondo Interbancario di Tutela dei Depositi e al Fondo Nazionale di Garanzia.
www.bancadiasti.it - ufficiosegreteria@pec.bancacrasti.it ▪ • Continued strong liquidity position: Liquidity Coverage Ratio of 232.9% (283.0% at 31/12/2025) and Net Stable Funding Ratio of 163.0% (169.3% at 31/12/2025), well above regulatory requirements.
The Group's customer assets under management and administration increased by 2.4% compared with 31 December 2025, reaching €18.5 billion. Growth was driven by a significant increase in indirect funding (+9.8% in assets under management and +6.2% in assets under custody), reflecting growing customer confidence and the Group's ability to meet investment needs through an increasingly sophisticated offering.
Customer loans amounted to €7.6 billion, up 1% year -on-year. During the first half of 2026, the Group granted €1.2 billion in new loans, confirming its commitment to supporting households, businesses and the economic development of the territories it serve s.
Asset quality indicators improved significantly compared with December 2025, with gross and net NPL ratios decreasing respectively to 4.03% (from 4.19%) and 2.18% (from 2.36%).
The average coverage ratio of impaired customer loans reached 47.2% (45.2% at 31/12/2025).
Net bad loans accounted for 0.38% of total loans (0.32% at 31/12/2025) and had a coverage ratio of 66.7% (68.2% at 31/12/2025).
Operating expenses amounted to €154.8 million, up 13.9% compared with the previous year, resulting in a Cost/Income ratio of 64.9%.
***
CONSOLIDATED RESULTS OF THE CASSA DI RISPARMIO DI ASTI GROUP AS AT
30/06/2026
Preliminary results as at 30 June 2026 confirm the Group's earnings capacity, operational efficiency and structural resilience in terms of liquidity and capital indicators, which remain comfortably above the minimum regulatory requirements established by the Supervisory Authority within the framework of the periodic SREP process.
Cassa di Risparmio di Asti S.p.A.
Gruppo Cassa di Risparmio di Asti Sede Legale e Direzione Generale: Piazza Libertà 23, 14100 Asti Tel. 0141 393 311 - Fax. 01 41 355 060 Capitale sociale € 3 63.971.167,68 int. versato Cod. Fisc. e iscrizione al Reg. Imp. n. 00060550050, P.IVA 01654870052 - Codice Destinatario SDI 75HCYT1 Numero REA: AT -76036 - Codice Banca: 60 85.5 - Codice Gruppo 6085.5 - Albo delle Banche Autorizzate n.5142.
Aderente al Fondo Interbancario di Tutela dei Depositi e al Fondo Nazionale di Garanzia.
www.bancadiasti.it - ufficiosegreteria@pec.bancacrasti.it In a challenging market environment, the Group reported a net profit of €26.7 million, down from 2025 also due to approximately €10 million of non -recurring charges, and a ROE of 5.13% (compared with 6.62% in the same period of the previous year), while ex ceeding the targets set at the beginning of the year.
Total customer funding amounted to €18.5 billion (€19.6 billion including securitisations placed on the market and institutional funding), up €426 million (+2.4%) compared with 31 December 2025.
Retail direct funding amounted to €8.9 billion, down 3.5% compared with 2025, while indirect funding reached €9.6 billion (+8.5%), of which €6.1 billion related to assets under management and €3.5 billion to assets under custody, representing increases of 9.8% and 6.2%, respectively.
Net customer loans stood at €7.6 billion, up 1% from 31 December 2025, supported by approximately €1.2 billion in new lending. At Banca di Asti standalone level, customer loans increased by 1.9%.
Net interest income amounted to €132.4 million, up 3.4% compared with the first half of 2025, reflecting market interest rate dynamics.
Net loan loss provisions recorded in the first half of 2026 amounted to €27 million, corresponding to a cost of risk of 0.71% (0.76% including costs related to NPL disposals under the Group's de -risking policy).
Credit quality indicators improved significantly, also thanks to the aforementioned NPL disposals, with gross and net NPL ratios declining to 4.03% and 2.18%, respectively (from 4.19% and 2.36%). For Banca di Asti alone, the ratios stood at 3.76% and 1.99%.
The coverage ratio for impaired loans stood at 47.23%, increasing to 51.35% when considering only loans originated by the Bank.
Cassa di Risparmio di Asti S.p.A.
Gruppo Cassa di Risparmio di Asti Sede Legale e Direzione Generale: Piazza Libertà 23, 14100 Asti Tel. 0141 393 311 - Fax. 01 41 355 060 Capitale sociale € 3 63.971.167,68 int. versato Cod. Fisc. e iscrizione al Reg. Imp. n. 00060550050, P.IVA 01654870052 - Codice Destinatario SDI 75HCYT1 Numero REA: AT -76036 - Codice Banca: 60 85.5 - Codice Gruppo 6085.5 - Albo delle Banche Autorizzate n.5142.
Aderente al Fondo Interbancario di Tutela dei Depositi e al Fondo Nazionale di Garanzia.
www.bancadiasti.it - ufficiosegreteria@pec.bancacrasti.it Net bad loans represented 0.38% of total net loans and featured a 66.69% coverage ratio.
Net banking income amounted to €209.8 million (+5.6% versus the first half of 2025) and
included:
▪ Net fee and commission income of €67.1 million, substantially in line with the previous
year;
▪ Net gains from financial assets and liabilities of €29.2 million, including trading activities, fair value adjustments of financial liabilities and gains from the sale of loan portfolios by subsidiary Pitagora. Net of prepayment provisions, these gains amo unted to €11.1 million.
Dividends received from equity investments totalled €10.2 million, substantially unchanged from 2025 and primarily attributable to the shareholding in the Bank of Italy.
Operating expenses amounted to €154.8 million, increasing compared with the first half of 2025 due to the combined effects of the national labour agreement renewal, approximately €5 million of non -recurring charges, and projects already launched within the Group's transformation programme, focused on strengthening commercial capabilities, investing in human capital, organisational modernisation and process digitalisation.
As at 30 June 2026, the Cost/Income ratio stood at 64.9%.
Consolidated own funds amounted to €1,147.2 million, compared with €1,132.8 million at year-end 2025, including €937.5 million of CET1 capital and €209.7 million of Tier 2 capital.
***
Cassa di Risparmio di Asti S.p.A.
Gruppo Cassa di Risparmio di Asti Sede Legale e Direzione Generale: Piazza Libertà 23, 14100 Asti Tel. 0141 393 311 - Fax. 01 41 355 060 Capitale sociale € 3 63.971.167,68 int. versato Cod. Fisc. e iscrizione al Reg. Imp. n. 00060550050, P.IVA 01654870052 - Codice Destinatario SDI 75HCYT1 Numero REA: AT -76036 - Codice Banca: 60 85.5 - Codice Gruppo 6085.5 - Albo delle Banche Autorizzate n.5142.
Aderente al Fondo Interbancario di Tutela dei Depositi e al Fondo Nazionale di Garanzia.
www.bancadiasti.it - ufficiosegreteria@pec.bancacrasti.it
RESULTS OF PARENT COMPANY BANCA DI ASTI S.p.A. AS AT 30/06/2026
Direct funding: €9.9 billion ( -4.1% vs. 31/12/2025), of which ordinary customer funding net of securitisations: €8.9 billion ( -3.5%) Assets under management: €6.1 billion (+9.8%) Assets under custody: €3.5 billion (+6.2%) Total customer assets: €19.5 billion (+1.7%) Net customer loans: €7.5 billion (+1.9%) Net profit: €34.1 million
ROE: 6.83%
Cost/Income Ratio: 60.24% Net NPL Ratio: 1.99% Net bad loans: 0.32% Average impaired loan coverage: 48.45% CET1 Ratio: 19.5% Tier 1 Ratio: 19.5% Total Capital Ratio: 23.7% ***
MAIN RESULTS OF SUBSIDIARY PITAGORA S.p.A. AS AT 30/06/2026
Volume of loans granted/purchased: €490.7 million (+4.28% vs. 30/06/2025) Net profit: €5.38 million
ROE: 11.46%
Cost/Income Ratio: 31.14% (34.23% at 30/06/2025) CET1 Ratio and Total Capital Ratio: 17.07% (16.25% at 30/06/2025) ***
Cassa di Risparmio di Asti S.p.A.
Gruppo Cassa di Risparmio di Asti Sede Legale e Direzione Generale: Piazza Libertà 23, 14100 Asti Tel. 0141 393 311 - Fax. 01 41 355 060 Capitale sociale € 3 63.971.167,68 int. versato Cod. Fisc. e iscrizione al Reg. Imp. n. 00060550050, P.IVA 01654870052 - Codice Destinatario SDI 75HCYT1 Numero REA: AT -76036 - Codice Banca: 60 85.5 - Codice Gruppo 6085.5 - Albo delle Banche Autorizzate n.5142.
Aderente al Fondo Interbancario di Tutela dei Depositi e al Fondo Nazionale di Garanzia.
www.bancadiasti.it - ufficiosegreteria@pec.bancacrasti.it The information contained in this press release regarding the preliminary results as at 30 June 2026 does not constitute standalone or consolidated financial statements prepared in accordance with all IAS/IFRS International Accounting Standards. The standalone and consolidated half -year financial reports will be submitted for approval to the Bank's Board of Directors by the end of September 2026 and will be made available to shareholders in accordance with applicable laws and regulations
* * * This press release is available to shareholders on the Banca di Asti website (https://bancadiasti.it/) under the "Investor Relations" section and through the authorised storage mechanism "1Info" (www.1info.it ).
* * * This press release contains forward -looking statements relating to future events and results, based on Banca di Asti's current expectations, estimates and projections. By their nature, such statements involve risks and uncertainties, as they depend on the occurrence of future events and are subject to known an d unknown risks, uncertainties and other factors.
These factors include, but are not limited to: (i) changes in the applicable legal and regulatory framework and/or in its interpretation; (ii) the adoption, at national, European Union or global level, of policies that may affect the Group's busin ess;
(iii) deterioration in geopolitical conditions (including the continuation and escalation of the conflicts in Ukraine and the Middle East or the involvement of additional countries in such hostilities) and macroeconomic conditions (resulting, among other facto rs, from inflation, rising energy costs and increases in the cost of raw materials generally); (iv) the development, evolution or resurgence of pandemics and/or health crises and their consequent impact on macroeconomic conditions;
and (v) long -term change s in customer preferences.
The Group's ability to achieve its expected results depends on numerous factors, many of which are beyond the control of Banca di Asti's management.
Furthermore, actual results may differ materially, and may be more adverse than, those that are preliminary, forecast or implied in the forward -looking information. Accordingly, readers of this press release should not place undue reliance on such forward -looking statements.
Banca di Asti, together with its directors, officers, employees and representatives, expressly disclaims any liability in respect of the forward -looking information contained herein.
These forward -looking statements speak only as of the date of this press release, and Banca di Asti undertakes no obligation to update or revise any forward -looking statement, whether as a result of new information, future events or developments, or otherw ise, except as required by applicable laws or regulations.
Contacts
Maurizio Bertocco
Head of Accounting and Planning Department Tel. +39 0141 393 677 maurizio.bertocco@bancadiasti.it Roberta Viarengo Head of General Secretariat and Shareholders
Office
Tel. +39 0141 393 258