Banca Generali is preparing a new growth phase, focussing on its distinctive elements: the professionalism of its Financial Advisors, innovation and sustainability Growth, Profitability and Shareholder Remuneration underpin the new three-year plan Advanced data management for a bespoke offering and an enriched service model for HNW, Private and Affluent Clients.

Strategic pillars:

• Value of service – Strong drive towards the personalisation of our offering and extension of the service model. Evolution of the network management.
• Innovation – Data-driven, digital and Open Bank, with technological platforms and data as a new source of development.
• Sustainability – A reference point for all our Stakeholders, people-centric approach. Net zero emissions by 2040.

Main Financial targets:

• Total net inflows: €18-22 billion cumulated in 2022-2024
• Recurring net profit growth1: 2022-2024 CAGR at +10-15%
• Dividend distribution: cumulative €7.5-€8.5 per share in the 2022-2025 period (cash view)

Milan, 14 February 2022 – The Board of Directors of Banca Generali today approved the guidelines of its 2022-2024 Strategic and Financial Plan that the Bank’s top managers will present today to the financial community at a dedicated event.

Chief Executive Officer and General Manager Gian Maria Mossa stated: “We are now preparing for a new phase of sharp growth for our Bank, leveraging our strengths: the quality of our professionals, an innovation-oriented culture and a commitment to sustainability. The strategy aimed at achieving ambitious targets is based on three pillars: the first one aims at bringing the Bank closer to our professionals and our Clients, thanks to the evolution of our offering and service model and a growing support to the network. The second one is based on the creation of a data-driven, digital and open Bank. The third pillar aims at strengthening the Bank’s positioning in sustainability, becoming the point of reference on ESG themes for all our stakeholders. This plan is centred on our people, the core of our company and a differentiating element in the market. Banca Generali's extraordinary success story has been written by all its people: the same people who, with renewed enthusiasm, passion and motivation, will participate in these new challenges oriented towards sustainable growth."

The 2022-2024 Plan’s strategic vision

In 2021, Banca Generali exceeded the main targets set in its three-year 2019-2021 Plan, further improving on its track record, outstanding in terms of growth, profitability and shareholder remuneration.

Building on these premises, the Company is presenting a new Plan to mark out a new phase of development in all aspects of its business and stakeholder relations.

Its strategic ambition is to be the qualified choice of a constantly increasing number of households, drawing on the strength the unique expertise of its Financial Advisors, powered by an innovative approach to digital, and of a scalable business model. Banca Generali thus enjoys new growth prospects owing to an expanded potential Client base, which may be reached through more personalised offerings and solutions and a service made even more effective and efficient by the Financial Advisor-Technology combination.

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