The third quarter of is on file FinecoBank, which closed with a net profit of 162,4 million, up 9,1% year on year. Total revenues also grew, reaching 420,7 million euros, marking an increase of 3,3% compared to the same period of 2015.
Satisfied Alexander Foti, Chief Executive Officer of the Unicredit multi-channel bank: “The first nine months of 2016 closed with record results and in particular with the best quarter of the year, excluding systemic contributions. These data once again confirm a very balanced and diversified business model, capable of producing solid and sustainable results and at the same time satisfying the financial needs of customers in the round".
However, net inflows were down, amounting to 353 million in October, bringing the year-to-date figure to 3,9 billion (-4% compared to the same period of 2015). Inflows through the network of advisors amounted to 317,2 million (-8% to 3,4 billion in ten months).
