• Net profit: €272.1 million (+51%)
• Total assets for 2019: €69.0 billion
• 2019 net inflows: €5.1 billion

Milan, 10 February 2020 – The Board of Directors of Banca Generali, chaired by Giancarlo Fancel, approved the preliminary consolidated results at 31 December 2019.

Chief Executive Officer and General Manager Gian Maria Mossa stated: “2019 was the best year in our history, with results that showed strong improvements in all P&L and balance sheet items. Our customers’ returns rose as we leveraged the markets’ variable component, while maintaining our distinctive prudent approach based on volatility control. Despite the complicated context for financial markets of year-end 2018, we increased total assets by over €11 billion, further strengthening our brand and our position as a leading player within the Italian private banking sector. We accelerated the launch of exclusive investment and wealth management service solutions, which soon met with customers’ appreciation, as confirmed by the sharp growth of Assets under Advisory and the success of the new advisory approach focussing on sustainability in line with the SDGs. This further proves our financial advisors’ outstanding professionalism and the excellence of the technological platforms we provide them with. In light of these results, we look towards our three-year plan’s goals and the challenges for 2020 with increasing optimism.”