Milan, July 26, 2016 - The Board of Directors of Banca Generali approved the consolidated results for the 1st half of 2016. The second quarter 2016 is the best of the last 4 years, with quarterly net profit at 37.9 million. New records for assets under management (more than 43 billion) and stability indexes (CET1 to 14.5 %).
- Management fees at €237.1 million
- Total AUM at €43.6 billion
- Net inflows at €2.9 billion
- Total Capital Ratio at 16.0%
- Net profit at €67.3 million
- Sustainability Report approved: Global Added Value (GAV) amounted to €661.5 million
General Manager Gian Maria Mossa stated: "We are proud of our great work in supporting our customers and developing innovative instruments in the first half of the year which has been a rather challenging period. The new record figures of net inflows, total customers assets and solidity confirm that the bank is widely perceived as a point of reference, with cutting-edge wealth and household protection solutions through tailor-made advisory for affluent and private customers. The focus on technology and the evolution of internal processes brought about by the recent reorganisation make us even faster and more competitive in facing the challenges of the second half of the year when, we are confident, we will reach new, important goals".
The Bank led by Gian Maria Mossa has been awarded as the “Best Distribution Network Reti Private”
Our December results show strong growth with total net inflows from the beginning of the year reaching almost 6 billion
The initiative is part of the project BG4Real, Banca Generali’s programme for supporting the real economy