Growth acceleration, greater revenue diversification and more favourable market conditions

• Net profit: €132.8 million (+43%)
• Recurring net profit1 : €65 million (+12%)
• Total revenues: €272.7 million (+22%)
• Operating expenses: €100.9 million (+8%)

Further business expansion

• Total assets: €62.9 billion (+8%)
• Pro-forma total assets2 : €65.0 billion
• Assets under Advisory: €4 billion (+75%)
• H1 2019 net inflows: €2.8 billion

Capital solidity confirmed

• CET1 ratio at 15.7% and TCR ratio at 17.1%

Milan, 30 July 2019 – The Board of Directors of Banca Generali, chaired by Giancarlo Fancel, approved the consolidated results at 30 June 2019.

Chief Executive Officer and General Manager Gian Maria Mossa stated: “We are very satisfied with our results for the first half of the year. Thanks to the excellent work of our professionals and the market’s positive contribution, total assets grew by almost €5.5 billion YTD, bringing our total portfolio to nearly €63 billion. Despite the signs of prudence since the end of 2018 and the economic uncertainties, our professionalism and the close relations with our customers have once again made the difference. Revenue diversification and the acceleration of advanced advisory confirmed the rising interest towards investment planning and risk protection, which are increasingly recognised as our strengths. We are fully committed to developing our industrial plan, with a great focus on innovation and people value. Net inflows solidity and our ability to attract an increasing number of private customers let us to look at the second half of the year with confidence.”