New all-time high in net profit at the end of the 2019-2021 three-year Plan
- Net profit: €323.1 million (+18%)
- Recurring net profit1: €176.6 million (+15%)
- Total revenues: €779.3 million (+26%)
- ‘Core’ operating costs: €214.1 million (+4.9%)
Total assets and net inflows at the highest level ever
- Total assets: €85.7 billion (+15%)
- Assets under Advisory: €7.3 billion (+21%)
- 2021 net inflows: €7.7 billion (+31%)
- January 2022 net inflows: €483 million
Proposed dividend: €1.95 per share
- Dividend to be paid in May 2022 (€1.15) and February 2023 (€0.80)
- Payout at 70.5% on the 2021 net profit
- Capital solidity confirmed with CET1 ratio at 16.3% and TCR at 17.4%
Milan, 10 February 2022 — The Board of Directors of Banca Generali approved the preliminary consolidated results at 31 December 2021.
Chief Executive Officer and General Manager Gian Maria Mossa stated: “We are proud of the growth of our Bank, which has exceeded all the ambitious targets set by our three-year Plan, leading us to close 2021 with our best ever result. The professionalism of our bankers and the dedication of all the Bank’s personnel have made it possible to be close to households at a complex time and the market increasingly recognises us for this. In addition to our people, operating and managerial efficiency and the efficacy of our unique range of products and services have led the Bank to new highs in terms of profitability, capital solidity and business expansion. The sustainability of our business model is confirmed by our results, but above all by our clients’ appreciation and trust, which translates in ever growing returns for all our stakeholders. On the eve of the presentation of our new Industrial Plan, we are charting out an important new growth path for our Bank based on the strength of these distinctive elements and the contribution of innovation".
Read the full press release.
