Highest growth ever at the end of the three-year Plan
- Net profit: €431.2 million (+32%)
- Recurring net profit: €339.3 million (+6%)
- Net interest income: €317.1 million (+4%)
- Net recurring fees: €476.1 million (+6%)
- Operating costs: €294.0 million (+6%)
Highest-ever total assets
- Total assets: €103.8 billion (+12% YoY)
- Assets u. Advanced Advisory: €10.8 billion (+13%)
- 2024 net inflows: €6.6 billion (+14%)
- January 2025 net inflows: €389 million (+20%)
Proposed dividend: €2.80 per share
- Dividend to be paid in May 2025 (€2.15) and February 2026 (€0.65)
- CET1 ratio at 22.0% and TCR at 24.4%
Milan, 10 February 2025 — The Board of Directors of Banca Generali approved the preliminary consolidated results at 31 December 2024.
Chief Executive Officer and General Manager Gian Maria Mossa stated: “The best results in our history were achieved at the end of a three-year path that has led us to overcome multiple issues, achieving and exceeding all the targets we had set for ourselves. Despite market volatility and delays in launching the Swiss project, we were able to record doubledigit growth in all the main items, further confirming the quality and sustainability of our business model. The acceleration in higher added-value inflows from our investment solutions reflects the excellence of both our solutions and our bankers. The FA Network continues to expand, as we are able to attract experienced professionals and to provide dedicated paths for young talents. Our innovative products and projects, starting from the integration of AI in our operating processes and the potential offered by the Intermonte transaction, make our approach to households, entrepreneurs and enterprises even more distinctive and unique. On this basis, we are laying the foundations for a new, ambitious growth phase that will lead us to be increasingly seen as a benchmark in our role as the first fully-fledged AI private and investment bank. We are looking with great confidence and enthusiasm to future challenges.”
