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CDP: FY 2016 results improve substantially

Posted: 3 April 2017

The Board of Directors of Cassa Depositi e Prestiti Spa (CDP) chaired by Claudio Costamagna today approved the draft separate financial statements and the consolidated financial statements as of 31 December 2016, presented by CEO Fabio Gallia.

The draft financial statements will be submitted for approval to the Shareholders’ Meeting called for 16 May 2017 at single call (instead of 25 May 2017 as previously announced). The year 2016 was the first year of the new Business Plan 2016-2020, which has set ambitious medium- and long-term objectives in terms of resources mobilised for the economy and in terms of new tools made available, which scope is much broader than those traditionally employed. 

Performance in 2016 confirms the central and promotional role by CDP Group in supporting the Italian economy: New resources mobilised and managed by the Group amounted to about €30 billion with more than €50 billion of activated investments. The result raised if compared with the previous year and in line with the growth target set out in the 2016-2020 Business Plan.