Banca Generali, the shareholders' meeting approves accounts and dividends up to 0,95 euro per share

Banca Generali's shareholders' meeting today approved the 2013 accounts and the dividend of 0,95 euro per share, up from 0,90 euro in 2012. "The result has even doubled since 2011, therefore in two years", CEO Piermario Motta told the shareholders gathered in Trieste. The group ended 2013 with a consolidated profit of 141,3 million euros, up 9% on the previous year. “The result – Motta explained – could have been even better without the negative impact of the 8,5% IRES surcharge introduced at the end of November 2013 on banks, insurance companies and management companies; net of this tax, profits would have amounted to 147,9 million, up 14% compared to 2012”. The total revenues of the group, continued Motta, "have gone from 338 million in 2012 to 375 million in 2013, with an increase of 11% compared to the previous year". And 2014 got off to a good start. In the first quarter, net inflows rose to 807 million euros, +30% on the same period of 2013. “We are very satisfied with the inflow trend at the start of the year – said Motta on the sidelines of the meeting – April is confirmed as positive and for by the end of the month we expect to get close to one billion euros in funding since the beginning of 2014”.