Sharp growth of Banca Generali’s Q1 results

• Net profit: €126.4 million (+15%)
• Recurring net profit: €93.5 million (+8%)
• Net interest income: €82.7 million (+4%)
• Net recurring fees: €141.2 million (+10%)
• “Core” operating costs: €82.5 million (+8%)

Best quarter ever in commercial terms, trend confirmed in April

• Total assets: €113.2 billion (+9% YoY) in Q1; €116.7 billion at April-end
• Net inflows: €1.9 billion (+28% YoY) in Q1; €2.8 billion at April-end (+32% YoY)

Solid capital position and liquidity confirmed

• CET1 ratio at 16.7% and TCR at 18.5%
• LCR at 331% and NSFR at 242%

Milan, 6 May 2026 - The Board of Directors of Banca Generali approved the consolidated results at 31 March 2026.

Chief Executive Officer and General Manager Gian Maria Mossa stated: “The year 2026 got off to an extremely solid start — the best ever in terms of recurring results, with higher-than expected net inflows broadly and evenly distributed throughout Italy, also in April. Net inflows performance reflected the geopolitical context and some one-off items, as well as clients’ more cautious approach oriented to liquidity and short-term securities. In this context, volatility-controlled and capitalprotected solutions are gaining significant momentum, and we expect this trend to strengthen further in the coming weeks following the launch of targeted initiatives. With regard to recruiting, we are going through a particularly dynamic phase, with highly senior professionals joining our Company, attracted by our unique, integrated private and investment banking model, centred on the Financial Advisor-client relationship. The contribution of new generations is also particularly significant in supporting the generational transition and the creation of increasingly specialised teams. In terms of projects, we are very satisfied with Intermonte’s contribution to the development of relationships with entrepreneurial clients and the progress of our Insurbanking Project, which is being rolled-out to the Alleanza network as expected, and is receiving very positive feedback at local level. This is accompanied by our recent acquisition in Ireland, which opens up new prospects in our offering dynamics, as well as in portfolio advisory. Despite the complex macroeconomic context, the competitiveness drivers of our business model continue to strengthen the sustainable growth path we are building, enabling us to look to the coming months with confidence and optimism.”

Read the press release.