MILAN (ITALPRESS) – Banca Generali closes the first nine months of 2026 with a consolidated net profit of 384.1 million euros, up 22.1% compared to 314,6 million of the same period of 2025. The net profit recurring rises to 303,4 million (+10.8%), the maximum level never reached. The non-recurring profit amounted to 80.7 million (40.8 million a year ago), despite an additional tax burden of 25.9 million linked to the application of the Luxembourg ordinary rate to the subsidiary BG Fund Management Luxembourg.
The intermediation margin grew by 21.4% to 877.4 million. The net recurring commissions rose from 15.8% to 449.4 million, the financial margin of 7.3% to 282,1 million (of which interest margin to 254,4 million, +4.8%). The variable commissions double to 145.9 million (71.7 million in nine months 2025). Operating costs amounted to 276,8 million (+9.6%); the core component is 250,1 million (+8.2%).
The cost/income ratio is at 31.6% (35.0% a year ago). The tax rate reported is 31.0% (26.3% on homogeneous basis). In the third quarter of 2026 net profit amounted to 105.4 million, compared with 114.5 million in the same period of 2025 (-7.9%), due to the additional tax burden of 6.3 million. The recurring profit rose by 4.0% to 101.3 million. The intermediation margin grew by 8.3% to 270.6 million.
At the end of September the masses of the customers of Banca Generali amounted to 121,8 billion (+10.6% a/a); the total masses of the group, including the networks Generali Italia/Alleanza, reach the new maximum of 129.6 billion (+10.3%).
Assets under Investment stood at 80.3 billion (+9.7%), the masses in consultancy evolved at 13,4 billion (+17.2%). In the nine months the total net collection is 6.3 billion (+42.3%). In October the collection was 845 million, which brought the data from the beginning of the year to 7,1 billion (+27.2%), of which 3,4 billion in Assets under Investment.
“We call for the best nine months of our history, with masses and profits to the maximum and a double-digit growth of the main recurring components. It is a result that confirms the solidity of our model and the ability of the Bank to grow continuously, supported by the quality of the collection and the trust of customers and bankers. The acceleration of flows in recent months reflects the strong commitment of our network alongside families and entrepreneurs, the innovation of supply and the increasing synergies with Intermonte”. In a note the CEO and General Manager of Banca Generali, Gian Maria Mossa, commented on the results of the first 9 months.
“These results take even more value because achieved in a complex phase, characterized by uncertainty linked to the extraordinary operations on the Bank and by an increasing volatility of the markets – continues -. All major strategic projects continue: the partnership of insurbanking with Alliance, the new Irish international platform for active ETFs, the use of artificial intelligence to support the relationship with customers and initiatives dedicated to SMEs. The strength of the results and the confidence that we continue to receive allow us to look with great determination to the ambitious goals of the end of the year”.
-Foto Banca Generali-
(ITALPRESS).
