Fideuram-Intesa Sanpaolo private banking exceeded 200 billion assets under management for the first time in its history. To be precise, in the first quarter of 2017 the bank reached a record volume of 202,9 billion.
Net asset management inflows amounted to €3,4 billion, up sharply (+€3,7 billion) compared to the result for the first quarter of 2016 (€322 million). Total net inflows exceeded 2,3 billion (1,9 billion in the first quarter of 2016, +24%).
Total number of private bankers grows to 5.878, up by 30 units compared to 31 December 2016. Net fees and commissions grow to 409 million (384 million in the first quarter of 2016, + 7%) and operating expenses stop at 126 million, substantially in line with the first quarter of 2016 (125 million) .
Against these figures, consolidated net income rose by 10 million to 223 million (+5%) while from a capital point of view the Common Equity Tier 1 ratio is well above the minimums, and stands at 16,0. XNUMX%.
"Our numbers - commented Paolo Molesini, CEO and general manager - reflect the success we are experiencing: increase in customers and assets under management, constantly growing recurring commission flows together with careful cost management".
