2021 was a year of growth for Banca Finint, despite the difficulties and uncertainties generated by the pandemic. The board of directors of the Veneto institute approved the consolidated financial statements today, certifying the goals achieved last year.
Banca Finint's 2021 accounts
The bank managed by Fabio Innocenzi and chaired by Enrico Marchi closed 2021 with an intermediation margin equal to 63,7 million euros, up by 11% compared to 2020. The financial and services margin amounted to 61,5 million, up by 8,9%, with fees and commissions of 54,6 million (+9% ) which correspond to 86% of the intermediation margin.
Double-digit growth also for the consolidated gross profit, up 11% from 18,8 million in 2020 to 20,8% as at 31 December 2021. Net profit amounted to 15,1 million euros.
Going forward with the parameters, group operating costs rose by 14,2% to €41,8 million, up by 14,2% mainly due to the 10,2% growth in the workforce and the hiring of 63 new resources, 54% of whom gender female and 46% male and with an average age of 33 years.
Finally, it is necessary to point out the growth in the results of the investee Finint Investment SGR, which in 2021 achieved a net result of 3 million euros (+22,5%). Assets under management also increased compared to the previous year, to a share of approximately 3,4 billion (+26%), with over 50% of assets managed in accordance with the ESG principles sanctioned by the UN PRI. The number of securities and real estate funds headed by the SGR's team of 50 managers stood at 2021 at the end of 34.
The comment of the top management of Banca Finint
"In 2021 Banca Finint confirmed its ability to grow and look to the future, even in an extraordinary context such as the pandemic, demonstrating the validity of its business model", stated the President Enrico Marchi who looking to the future declares: "We want to accompany the restart also through an evolution of our business model in the direction of an increasingly complete, transversal and innovative range of solutions available to the entrepreneur and his company, also taking care of them - and in increasing extent – assets and investments.”
"Banca Finint recorded significantly higher results than in 2020 and even higher than the objectives of the three-year strategic plan presented in 2021", declared Fabio Innocenzi, managing director of Banca Finint. “The positive contribution comes from all business areas and in particular from the areas of securitization management and asset management. The figure that best explains the growth path is that of hiring: 63 new collaborators have joined the Group, with an increase in personnel equal to 10% of the total. Organic growth is combined with external growth: the acquisition of Banca Consulia will be finalized in the second quarter, expanding the Group's perimeter to include private banking.
