The Board of Directors of Banca Generali, chaired by Giancarlo Fancel, approved the results for the first 9 months of 2018. Assets under management reached a new record at 58.5 billion, the sustainability of revenues and efficiency increase the quality of profits.
Solidity indexes at high levels with the CET 1 at 18% and the TCR at 19.6%.
The CEO and General Manager of Banca Generali, Gian Maria Mossa, commented: "Solid results that reflect the quality of our advice and the readiness of the bank in responding to changing market conditions. Despite the high level of volatility, between July and September we increased profits by over 10% and growth in size continued, especially in the private customer segment which today accounts for almost 65% of the total assets. The acquisition of an advisory boutique of excellence such as Nextam will accelerate our development in wealth management where we will continue to develop new services and look carefully at the best opportunities on the market to strengthen the diversification and protection of our assets' assets. customers. Although in a context of great caution, thanks to the strength of the demand and the numerous initiatives being launched, we are confident of continuing to grow ".