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ISIN code: IT0001031084
Sector: Finance
Industry: Local banks
Le actions of Banca Generali are listed on the Milan Stock Exchange with the ticker BGN.
View the share's historical price on the FTSE MIB
Company Description
General Bank is the Generali Group bank dedicated to financial consultancy and the management of household financial assets. It was born in 1998 as an online bank.
Over the years it has become the banking center of the Group, offering a complete range of services and investment solutions.
It operates through a network of approximately 1850 financial advisors throughout Italy. It has 962 employees divided between 43 branches and 137 agencies.
Le organisers' activities of Banca Generali are divided into two macro-areas: Wealth Management and Private Banking.
They are part of Banca Generali le subsidiaries BG Fund Management Luxembourg SA, Generfid SpA, BG Valeur SA and Nextam Partners SIM SpA.
Through a a joint venture with the Danish company Saxo Bank, created the BG Saxo SIM SpA dedicated to online trading.
- BG Fund Management Luxembourg SA deals with the Banca Generali Group's asset management products.
- Generfid SpA manages the administration activity, in its own name and on behalf of others, of assets and activities such as: registration of movable assets (funds, securities and managements), registration of policies, company shareholdings, assignment deeds and transferred real estate assets through company shares.
- BG Valeur is a Swiss bank specializing in wealth management for Swiss hnwi clients.
- Nextam Partners SIM SpA deals with investment and corporate finance consultancy services
It has been listed on the Milan Stock Exchange since November 2006. Since March 2017 it has been part of the FTSE-MIB index.
La bank is controlled by Assicurazioni Generali which is the major shareholder with 50,17% of the shares.
The rest of the actions are given by floating market.
Among the major shareholders above 1% there are:
- Norges Bank Investment Management, 1,81%
- Liontrust Investments Ltd, 1,73%
- William Blair Investment Management LLC, 1,70%
- Degroof Petercam Asset Management SA, 1,58%
- The Vanguard Group, Inc., 1,33%
- Capital Research & Management Co. (World Investors), 1,21%
- BlackRock Fund Advisors, 1,21%
Il turnover in 2020 it was 617,6 million euros with a net profit of 274,9 million. Net inflows amounted to 5,9 billion euros, with a growth of 14,3% compared to 2019 despite the pandemic crisis.
In the first half of 2021, assets under management exceeded €80,4 billion.
Economic and financial analysis of the company
Banca Generali was founded in 1998 with the Generali Group's need to concentrate all assets management activities and services in a single hub.
In 2000 he made his first acquisition with Prime Spas and its network of financial advisors Prime Consult Sim.
In 2001 he acquired Altinia Sim and Ina Sim.
In 2002 the three SIMs (Prime Consult, Altinia and Ina Sim) were incorporated into a single distribution network.
It is created Simgenia Sim, a network of financial advisors.
In 2003 Banca Generali acquired Spring Bank and its network of promoters from Bank Intesa.
In 2005 he took control of Intesa Fiduciaria Sim which will be renamed BG Fiduciaria Sim.
In 2006 he created the Wealth Management division. They are acquired BG Sgr, Banca BSI Italia and San Alessandro Fiduciaria.
On 15 November 2006, Banca Generali was listed on the Stock Exchange with an initial price of €8 per share.
In January 2007, the private division of Banca Generali is merged into Banca BSI Italia. It is created BG Investment Lux.
In November 2007, through Banca BSI Italia, it took control of Gotthard Bank.
In 2009 control of Simgenia Sim Spa is transferred to Assicurazioni Generali Spa. In the same year he was born Generali Fund Management SA51% owned by Banca Generali and the remaining 49% by the Generali Group.
In 2010 Banca BSI Italia is merged by incorporation into Banca Generali, becoming an autonomous division and taking the name of Banca Generali Private Banking.
It is established Generfid SpA from the pre-existing Sant'Alessandro Fiduciaria.
In 2012 the merger by incorporation of Bg Sgr into Banca Generali.
In the 2013 is born Banca Generali Financial Planner.
In 2014, Banca Generali completes the acquisition of the private banking branch in Italy of Credit Suisse.
is created BG Fund Management Luxembourg SA from the demerger of Generali Fund Management. The new company is held at 100% from Banca Generali.
In 2018, the joint venture with Saxo Bank leads to the birth of B. G. Saxo, company dedicated to online trading.
In 2019 complete the purchase of Nextam Partners SpA and Valeur Fiduciaria SA.
In 2020 it enters the capital of Coinage Inc., a fintech that deals with cryptocurrencies. Banca Generali has invested as main investor in a capital increase operation of Conio for a total of 14 million dollars.
The latest news on Banca Generali
Banca Generali reported €4,4 billion in funding for the first half of the year, up 47%.
Banca Generali closed the first half of 2026 with record net inflows of €4,4 billion, up 47%. Inflows totaled €631 million in June. The stock fell 2,74% on the Milan Stock Exchange, dragged down by new geopolitical tensions.
Banca Generali launches an ETF for listed SMEs. Barchiesi (Cdp Equity): "Patient capital and vision are needed."
Banca Generali launches Pmi2Change, the new project developed in partnership with Intermonte to support the growth of listed Italian SMEs and facilitate their access to capital markets. Fabio Barchiesi, CEO of CDP Equity, also spoke at the presentation.
Banca Generali's net inflows surpassed $1 billion in May, up 72% compared to last year.
Since the beginning of the year, revenue has risen to €3,8 billion, up 41% compared to the first five months of last year. CEO Gian Maria Mossa: "This is the best result in our history for this time of year."
Generali and Banca Generali named in the Financial Times' Europe's Climate Leaders 2026 ranking.
The award recognizes the most virtuous European companies in reducing greenhouse gas emissions. Generali and Banca Generali's virtuous path in reducing emissions was recognized.
Banca Generali gets off to a strong start in 2026: record profits and revenue, and guidance on net interest income revised upwards.
Banca Generali closed the first quarter of 2026 with a net profit of €126,4 million (+15%) and revenues of €279,6 million (+11,6%). Net inflows reached €1,9 billion in the quarter and €2,8 billion since the beginning of the year. The group strengthened its international footprint with the offering of a 75% stake in Investlinx.