Intesa Sanpaolo Private Banking, Ispb, closed the first half of 2014 with a net profit of 101,2 million euro, improving by as much as 16,6% on the result obtained in the same period last year. The Roe recorded by the bank stands at 50,6% in the period January-June of the current year, while operating proceeds rise to 250,9 billion, a +14,3%.
The gross result increased by +15,3% reaching 158,8 million. Assets managed by the bank amounted to 84,4 billion euro at the level of the total private segment, of which 81,4 billion in Ispb spa. The result records a growth of over 3 billion since the beginning of the year.
The managing director Paolo Molesini comments on the success of his group in the last period, saying that "the virtuous path of Ispb continues, both in terms of assets under management and of economic results, with a robust growth in net profit (+30% in the last four exercises). He finally added that "these results demonstrate the solidity of the business model and the level of service, particularly appreciated by our customers, thanks also to the more than positive returns offered by assets under management and advisory services".
