Highest-ever total and recurring net profit thanks to operating leverage and favourable markets
- Net profit: €278.7 million (+39%)
- Recurring net profit1: €202.1 million (+15%)
- Net recurring fees: €291.9 million (+15%)
- “Core” operating costs: €164.3 million (+8.5%)
Net inflows acceleration and all-time high total assets
- Total assets: €121.1 billion (+14% YoY)
- Assets under Advanced Advisory: €13.3 billion (+22%)
- 1H 2026 net inflows: €4.4 billion (+47%)
- 1H 2026 AUI net inflows: €2.1 billion (+31%)
Strong capital solidity and liquidity
- CET1 ratio at 17.2% and TCR at 19.0%
- LCR at 331% and NSFR at 244%
Chief Executive Officer and General Manager Gian Maria Mossa stated: “We have delivered our best-ever first half performance, with double-digit growth in the main operating items, record net inflows, and all-time high total assets. This result confirms the strength of our business model and our ability to create value through the higher number of clients, the evolution of our products and services, and the ongoing enhancement of revenue quality. In a context marked by volatility and new complexities, advisory continues to play an increasingly crucial role in households’ choices. The strength of our Network is now complemented by increasingly distinctive asset management platforms in Italy, Luxembourg and Ireland, which enable us to expand the solutions we offer our clients, improve our business mix and further strengthen our competitive positioning. At the same time, the development of our key strategic initiatives continues with very encouraging results. Our synergies with Intermonte enhance our range of products and services and foster our dialogue with entrepreneurs. This is the context that has led to PMI2Change: the project we have recently developed together to strengthen the connection between businesses and capital markets, fostering Italian SMEs’ growth path. The completion of the roll-out of the Insurbanking project with Alleanza is also bearing very positive results, with AI-related initiatives advancing at full pace, benefiting the Bank’s efficiency and our Network’s activities. We therefore enter the second half of the year with confidence and determination, drawing on the quality of our people, our solid results and the conviction that we are able to grow further, creating value even in an uncertain scenario.”
Read the press release.
