Milan, 3 April 2014 – The Board of Directors of Intesa Sanpaolo Private Banking (ISPB), chaired by Giampio Bracchi, approved the 2013 Draft Financial Statements, which present very positive results, growing significantly compared to the previous year.
When commenting the financial statement figures, the Chief Executive Officer, Paolo Molesini, declared: “Our strategy continues to yield great results year after year. Customers entrust us with their savings, thus confirming the excellent service offered, while the financial figures corroborate the good choices made by the management”.

 

• Net income of 200.9 million euro, up 41.3% compared to 2012 (142.2 million euro), with a ROE (Return on Equity) equal to 58%
• Gross income of 350.1 million euro, which has more than doubled in the last two years
• Assets under management of 81.3 billion euro as at 31 December 2013 at the total Private Segment level, of which 78.3 billion euro within ISPB S.p.A., showing significant growth from the beginning of the year (+7.6%)
• Operating income of 520.6 million euro (+31.5%)
• A very efficient structure, with a Cost/income ratio decreasing further to 31% (it was 53% in 2011 and 43% in 2012)
• Tier 1 ratio at 24.3%
   

Attacched is the full press release.