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Banca Finint, new industrial plan: revenues over 190 million by 2026 (+15%) and M&A for private banking abroad

The group has presented its 2024-2026 strategic plan. In sight, acquisitions also abroad in the private banking and securitization fields

Banca Finint, new industrial plan: revenues over 190 million by 2026 (+15%) and M&A for private banking abroad

The group Finint Bank, the Venetian merchant bank founded by Enrico Marchi and which since April has been led by the former head of corporate Italy of Unicredit Lucio Izzi, presented his strategic plan 2024-26 indicating revenues over 190 million (Period CAGR +15%) driven by growth in all business areas.

M&A Target: Private Banking with an Eye on Foreign Countries

“The organic and sustainable growth of all business areas of the Banca Finint group – as stated in a note from the company – could be further accelerated through M&A activity, not included in the targets of this plan, which will be assessed if non-dilutive opportunities arise that are consistent with the group's business model".

The Plan also looks at to internationalisation, “through the exploration of new opportunities in foreign markets in the securitization business and in asset management” he says. The M&A activity could also concern the area of private banking “with a focus on targets that can bring dimensional growth in terms of assets, acting as growth accelerators, and on the exploration of market niches that bring know-how and profitability to the group in sectors adjacent to those in which it is already active” says the group.

NATO in the 80s as an investment bank and became a leader in the market securitization, in mini and basket bonds, over the last three years, the group has expanded its scope of action and now operates on a 360-degree basis in corporate finance, structured finance e the capital market sector, equity side and debt side, in all the preparatory and executive phases for the issue and placement of financial instruments; with Finint Bank, in private equity and asset management with Finint Investments, in private banking with the former Banca Consulia (integrated in 2022 and now Finint Private Bank) and in credit management with Finint Revalue.

Assets under management grow to 18 billion

- Assets under management, the masses in management and consultancy, are foreseen growing to 18 billion of euros from 12,4 billion last year (Cagr +15%, with a strong contribution from private banking) while the Cost Income Ratio is expected to improve by 5%, even in the presence of greater investments in technology and digitalization (+18%), thanks to operational discipline and optimization of processes and resources, says the group.

In terms of profitability, the 2024-26 strategic plan aims to increase profitability represented by a RoTE (return on tangible equity) above 20%.

In terms of capital strength, the CET 1 is indicated at the end of the plan above 16% (TCR above 16,5%) with liquidity well above regulatory requirements (LCR at 240% and Nsfr at 168%).

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