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Fineco: record profit of €2015 million in 191,1 (+27,4%)

Total financial assets as at 31 December 2015 stood at 55,3 billion (+12,1%), thanks to net inflows of 5,4 billion (+37%) – Exceeding one million customers.

Fineco closed 2015 with a net profit of 191,1 million euro, up 27,4% on the year. The company communicated this, specifying that the result - the best ever - was obtained mainly thanks to the increase in net commissions and the result from trading, hedging and fair value, which amply offset the increase in costs (for 232,5 .193,4 million). Net profit adjusted for the allocation to the Solidarity Fund and charges for the Industrial Plan is 28,2 million (+XNUMX%).

Total revenues amounted to 544,3 million (+20,6%). Furthermore, if the interest margin amounted to 245,2 million (+7,4%), net commissions were 248,2 million (+26,8%). “We closed an extraordinary 2015 with financial and commercial results that set new records thanks to the strong growth of all areas of the Bank”, commented Alesssandro Foti, CEO and general manager of FinecoBank who added that the “allow us to look with optimism to 2016”.

Total financial assets as at 31 December 2015 amounted to 55,3 billion (+12,1%), thanks to net inflows of 5,4 billion (+37%). The net funding figure represents the best result ever for Fineco. In 2015, the note explains, the balance of assets under management stood at 26,3 billion (+11,2%). In more detail, the balance of direct deposits was 15,6 billion (+13,6%).

The number of Fineco customers at the end of 2015 was 1.048.000 people. Of these, 112 were new customers, up 9,1% on 2014.

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