Banca di Lajatico, the accounts are healthy: 2021 profit exceeds 3.6 million euros

President Giorgi: “One of the best results in our history. The close relationship with customers is fundamental”

LAJATIC. Two years of pandemic, hopefully behind us. Now a war in the heart of Europe. Strongly critical elements to which the Banca Popolare di Lajatico responded with the tools in the hands of an institution which makes its presence in the territory its strength: rapid interventions, within short deadlines in support of local businesses, in particular small and medium enterprises, as well as the use of credit instruments and family support. The answer is a result for the year 2021, the 138th since its foundation, which marks the peak of profitability reached in 100 years of history. With a net profit for the year that reached the amount of 3,653,399 euros. “A result that flatters us, among the best in history and to which we have arrived with a great effort from the whole structure in terms of commercial activity – underlined during a press conference, the president Nicholas Luigi Giorgi -. The family assistance activity was also good and, despite the 2021 financial year, like the previous one, affected by the pandemic, the bank improved the quality of its credit. Everything stems from a close relationship in the relationship between the bank and customers and the presence in the territory. It is estimated that by 2025 the number of banks and branches on the national territory will be halved, but we are there and will continue to be there. Trying to keep our autonomy even while remaining in tune with the times and without isolating ourselves”.

Between 2010 and 2020, 770 branches were closed in Tuscany, or 30% of the total. BlaJ’s business model, on the other hand, is confirmed as territorial even if it pushes towards digitalization, while maintaining the relationship with shareholders and customers as its foundation. Also to pursue this line, corporate governance has undergone an important process of reorganization.

Barbara Ciabattisenior official of the Bank, with the company since 1991, was appointed deputy general manager who, replacing the deputy director Gianpiero Lariwill work alongside the CEO with the tasks of coordinating certain functions of the company – explained Giorgi -. Catiuscia Chellini, with the company since 1992, was appointed Commercial Director. These numbers are in addition to Antonio Vangelistialready appointed Director of the Operations Area “. Renewal also within the Board of Directors, with adaptation to the regulatory requirements of the Bank of Italy in terms of gender diversification. The magistrates appointed advisers Gaetano Caputiprofessor at the National School of Administration in Rome and former director of Consob, e Ilaria Kutufaprofessor of commercial law at the University of Pisa.

This news will lead to the next general meeting of shareholders to be held on first call on April 29 and on second call the following day, when the accounts as of December 31, 2021 will be submitted for review and approval by the meeting.

“Also this year, the ordinary assembly of the bank will have to be held without the physical presence of the shareholders, who are 6,896 – explained the general manager Daniele Salvadori -. We sent each a personal letter, with the possibility of using a power of attorney to be given to the “designated representative”. Our desire is to organize territorial meetings as soon as possible in the members’ areas of residence”.


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