The Board of Directors of Banca Generali approved the consolidated results for the first nine months of 2017.
- Net profit: €147.4 million (+24%)
- Total assets at €53.8 billion (+19%)
- October net inflows at €555 million
- Total Capital ratio at 19.6%
Chief Executive Officer and General Manager Gian Maria Mossa stated: "We are very satisfied with the Banks strong uptrend, which places it on track to set a new annual record in terms of net inflows. Accordingly, we have revised our net inflows target from 5.5 to 6.5 billion. We have continued to pursue business expansion and innovative new projects, without sacrificing our bottom line, which continues to grow at double-digit rate driven by operating efficiency and capital ratios that improved further on already excellent levels. We have increasingly solid prospects for ending this year on the best possible terms and responding vigorously to the renewed challenges of the coming months".
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