“I think it will be a good quarter. We haven't had any catastrophic events in the three months and that's important. The margins are holding." She said it Alberto Minali, general manager and CFO of Generali, asked about the trend in the third quarter, on the sidelines of a conference.
Generali will announce the nine-month accounts on 10 November. Regarding the persistent rumors of a possible acquisition of Fineco by Banca Generali, Minali said: “It would be a very nice thing. They are two well managed and integrable banks. It might be an interesting thing why Banca Generali is on the high end, Fineco in the mid-range and has a good technological structure. But we are absolutely far from any hypothesis”, adds Minali.
In the morning, however, the managing director Philippe Donnet had intervened in a forum of the Sole 24 Ore announcing the challenge of quickly adapt the company to a new scenario high market volatility and political uncertainty. A transformation that aims to leverage the agility and internal excellence of “a group with its head in Italy but founded on an international presence and vocation. The Italian entrepreneurial system remains a model of excellence also for the rest of Europe and, in a truly complicated world, it is necessary to leverage entrepreneurial skills. Generali is ready for an industrial turnaround”.
