Goes on file 2016 of Fideuram – Intesa Sanpaolo Private Banking, which closed with total assets under management up 5% on an annual basis to 198 billion euro, while total net inflows amounted to 8,5 billion euro, up 8% compared to same period of 2015.
The total number of private bankers stood at 5.848, with an average portfolio of 34 million euro, against 32 million as at 31 December 2015. The growth in net commissions continued, reaching 1,54 billion euro (1,47 billion euros in 2015, + 5%). Operating expenses amounted to 524 million euros, down by 1% compared to the balance for the previous year.
Fideuram's Cost / Income ratio also fell to 30% from 32% in 2015, while consolidated net profit increased by 5% to 786 million euro. Capital solidity is also good, above regulatory requirements: Common Equity Tier 1 ratio at 15,2%
