Intesa Sanpaolo Private Banking closes the first quarter with a Net income of 74,5 million, up 37,4% year on year. The administered masses of customers recorded an increase of 6,2 billion euro from the beginning of the year (+7,4%), reaching 89,7 billion euro. Above all, the sector of managed savings and policies (+5,4 billion euro), due to the effective commercial action of the network and the high performance guaranteed to customers.
The increase recorded by the net commissions (+26,4%), mainly due to the growth in commissions from managed savings (asset management, funds and SICAVs) and insurance products. With a significant increase in trading income (from 0,3 to 9,9 million), i net operating income they reached 161,8 million euros (+25,4%).
“The portfolio diversification activity and the progressive increase in the incidence of managed savings and advisory services continued – commented the managing director, Paolo Molesini – primarily for the benefit of our customers, in the current market context characterized by high volatility and zero if not negative monetary rates”.
ISPB also consolidates its market share in the Private segment in Italy, equal to approximately 17%, having as reference the Italian household market with at least 500 thousand euros of financial assets, served by the Private model1. The market share is over 20% if only customers with assets exceeding one million euro are considered, which is the Bank's target.
