The Board of Directors of Intesa Sanpaolo Private Banking (ISPB) has approved the 2010 Financial Statements, which show a significant increase in assets under management and financial results compared to the already positive 2009 results.
Milan, 1 April 2011 - The Board of Directors of Intesa Sanpaolo Private Banking (ISPB) has approved the 2010 Financial Statements, which show a significant increase in assets under management and financial results compared to the already positive 2009 results, following the increase in the scope of company’s activities - in the two-year period 2009/2010 ISPB benefited from the process of integration of the Group’s Private Networks - and the effective commercial activities carried out.
- Customer assets as at 31 December 2010 of 68.3 billion euro (+5 billion euro compared to 2009)
- Deposits managed as at 31 December 2010 equal to 29.1 billion euro (+23%)
- Leadership in the Italian Private segment with a market share of 18.4%
- Net income of 108.6 million euro
- Operating income of 320.6 million euro and operating margin of 151.4 million euro
- Cost/income ratio at 53% and ROE at 35%
Attached is the full press release (available in Italian).
In continuing the aim for continual improvement, transparency and usability of disclosures, the 2010 Financial Statements Report have been updated in the method of communication and enriched in terms of content.
The concept of communication places at the centre of the graphic theme the “signatures” of management as the best example of assuming responsibility and customisation that only a "personal bank" can offer.
For the first time the Report supplements the social report, which describes and quantifies the efforts made in terms of complying with moral and socio-environmental principles, in the interest of Stakeholders.