Press Release
The Board of Directors approved the Quarterly Report as at 30 June 2012
Milan, 8 August 2012 - The Board of Directors of Intesa Sanpaolo Private Banking S.p.A. (ISPB), chaired by Giampio Bracchi, approved the Half-yearly Report as at 30 June 2012, with a net income of 68.8 million euro, up 48.1% over the corresponding period in 2011 (46.5 million euro).
- Net income of 68.8 million euro, up 48.1% on the first half of 2011
- 73.0 billion euro in assets under management as at 30 June 2012 at the Italian Network-Private Segment level (68.9 billion euro at ISPB S.p.A. level), showing significant growth from the beginning of the year (+3%)
- Net deposits from funds and SICAVs of 0.7 billion euro, in a market with extensive outflows
- Operating income of 186.4 million euro (+12.8%) and operating margin of 104.4 million euro (+38.6%)
- Operating costs down (-8.8%) and among the lowest in Europe, with an impact on average assets under management equal to 24 bps
- Cost/income ratio at 44%, one of the best ratios in Europe
Attacched is the full press release.