Banca Generali reports 16% fall in first-half profit

Published 29/07/2025, 13:32
© Reuters.

Investing.com -- Banca Generali (BIT:GASI) reported a net profit of €200.2 million for the first half of 2025, marking a 16% decrease compared to the same period last year, according to the company on Tuesday.

Despite the profit decline, the Italian bank showed growth in several key metrics. Recurring net profit increased by 3% to €176.3 million, while net interest income rose 3% to €161.7 million.

Net recurring fees saw an 8% improvement, reaching €253.3 million.

The bank’s total assets reached an all-time high of €106.5 billion, growing 8% year-over-year. Assets under Advanced Advisory climbed to €10.9 billion, a 6% increase.

Net inflows for the first half of 2025 totaled €3.0 billion, down 17% from the previous year, though Assets under Investment (AUI) net inflows grew 12% to €1.6 billion.

Banca Generali maintained strong capital and liquidity positions with a CET1 ratio of 17.7%, a Total (EPA:TTEF) Capital Ratio of 19.7%, a Liquidity Coverage Ratio of 329%, and a Net Stable Funding Ratio of 234%.

CEO and General Manager Gian Maria Mossa noted that despite geopolitical pressures causing clients to adopt a more cautious approach and uncertainty related to banking consolidation, the company’s AUI grew at a double-digit rate.

He highlighted the bank’s strategic investments in an insurebanking partnership with Generali Group and AI integration into network activities and commercial processes.

Mossa added that the bank plans to announce significant product and service developments at its annual convention in September, which are expected to enhance net inflows quality starting in October.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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