Milan, 11 november 2016 - The Board of Administrators of Banca Generali approved 9M 2016 results, with total net profit in the third quarter at € 53.1 millioni (+97% YoY). New record for Assets Under Management and net inflows.

  • 3Q net profit: +97% to €51.3 million (9M net profit at €118.6 million)
  • Management fees at €362.3 million (+6%)
  • Total assets at €45.3 billion (+15%)
  • Net inflows for October at €400 million (€4.5 billion YTD, +31%)
  • Total Capital ratio rises to 16.9%

General Manager Gian Maria Mossa stated: "We are very satisfied with these results that perfectly highlight not only the commercial strength and the solidity of the bank — as shown by the further strengthening of its capital ratios and the growth of recurring items — but also the validity of its innovative path that sets us apart as a real private bank. In a context of market uncertainty and after the significant reorganisation carried out by the bank during the summer, we have recorded the second best ever quarter and new record-high net inflows, and we boosted the exclusive services linked to the protection of our customers' assets. Despite future unknowns regarding the forthcoming political events, we are looking towards the challenges and objectives for the coming months with great confidence.".

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