BCC Iccrea expands lending: €15.3 billion of new loans in nine months
Bank earnings matter to the wider economy through lending, not just profit. In its release issued on 12 November 2026, BCC Iccrea reports €15.3 billion of new credit disbursements in the first nine months of the year, up 14% from the same period of 2025.[1]
Net customer loans at the end of September stood at €101.7 billion, up 4.2% year on year.[1]
This is news made available yesterday evening about January-September activity, not a measurement of lending this morning.
## Flows and stocks cannot simply be added
The first figure measures new lending during a period; the second is a stock at a particular date, as the release distinguishes.[1]
Scope also matters: net customer loans include approximately €4.4 billion of transactions with institutional counterparties, mainly repurchase agreements.[1]
It would therefore be misleading to describe the entire €101.7 billion as lending solely to households and small businesses.
La Nazione confirms both new disbursements and the outstanding loan figure in its report updated at 20:10 on 12 November.[3]
## Revenue, costs and risk are different measures
The group reports net profit of €1,656 million versus €1,550 million in the first nine months of 2025; total operating income reached €4,491 million, up 6.2%.[1]
Net interest income rose 7.4% to €3,211 million, while net fees increased 7.8% to €1,150 million.[1]
The body of the Sole 24 Ore Radiocor dispatch gives 6.2% for total operating income and 7.4% for interest income: these must not be confused, despite its headline associating 7.4% with total operating income.[2]
This article uses the company's document for precise figures.
Operating costs rose 3.1% to €2,378 million, but the cost/income ratio fell to 53% from 54.5% in September 2025; net credit-risk adjustments were €172 million versus €104 million.[1]
An improving cost/income ratio therefore does not mean absolute costs declined.
The useful reading separates lending growth, profitability and risk without treating one group's results as a balance sheet for the whole Italian economy.
This analysis is not a recommendation on financial instruments.
## Sources
[1] https://www.emarketstorage.it/sites/default/files/comunicati/2026-11/20261112_191825.pdf — BCC Iccrea, comunicato regolamentato 12 novembre 2026
[2] https://www.ilsole24ore.com/radiocor/nRC_12.11.2026_19.56_85710857 — Il Sole 24 Ore Radiocor, 12 novembre 19:56:59
[3] https://www.lanazione.it/economia/ultimaora/bcc-iccrea-utile-9-mesi-15413504 — La Nazione, 12 novembre 20:10