General Bank closes the second quarter of the year with a profit that rose by 69,5 % a 152,3 million euro compared to €89,9 million last year, supported both by the increase in recurring profit to €108,6 million (+21,5%) and by the positive contribution of items more closely tied to market performance. Consensus forecasts were for revenues of €285 million and a net profit of €131 million. intermediation margin grew by 47,3% to 327,2 million, driven by the improvement in recurring net commissions (150,7 million, +20,6%), the growth in the financial margin (97,2 million, +9,2%) and the simultaneous increase in variable commissions (79,2 million).
Banca Generali's half-year figures: 2026 net collection target rises.
in this six months, consolidated net profit reached 278,7 million (+39,2%) thanks to recurring profit reaches record high (202,1 million, +14,6%). The net recurring commissions were 291,9 million (+15%) while core operating costs amounted to 164,3 million (+8,5%). At the end of June, the total assets managed, administered and under consultancy by the Banca Generali group reached a new high of 129 billion (+13,6% on an annual basis, +6,7% since the beginning of the year). total net inflow stood at 4,4 billion (+47% year-on-year), the best result ever for the period. The institute has however revised its growth targets upwards, expecting to close the year with a net collection of approximately 7,5 billion, compared to the previous forecast of more than 6,5 billion euros.
I flows They showed a high-quality composition, the statement says, with over €2,1 billion flowing into Assets under Investment, driven by the strong contribution of managed solutions (€1,94 billion, +128% annually). Other assets recorded €2,3 billion in inflows, supported in particular by interest in securities in managed accounts.
Sul patrimonial frontBanca Generali has a CET1 ratio of 17,2% and a Total Capital Ratio (TCR) of 19%, "at levels well above the minimum requirements set forth in the SREP supervisory review and evaluation process for the 2026 financial year." The Bank's leverage ratio stood at 5,7%, well above the regulatory minimum.
Banca Generali: What CEO Mossa Said
“We close the best semester in our history, with double-digit growth in key operating items, record inflows, and assets at new highs. This result confirms the solidity of our model and our ability to create value through customer growth, evolving offerings, and continued strengthening of revenue quality." Gian Maria Mossa, CEO and General Manager of Banca Generali, comments on the group's first half-year data. Emphasizing the results achieved despite "the context characterized by volatility and renewed complexityMossa says the group faces "the second half of the year with confidence and determination, strengthened by the quality of our people, the solidity of our results, and the belief that we can continue to grow and create value even in a scenario characterized by unknowns."
