Banca Etica builds out Ethical Committee
Italy’s SRI-focused Banca Etica has named the new members of its Ethical Committee, six out of seven of which are women.
The newly nominated are:
Cristina De La Cruz Ayuso – Researcher and professor of Moral Philosophy
Marina Galati – head of Comunita’ Progetto Sud
Francesco Di Giano – Anti-usury Foundation “Interesse Uomo” – Libera
Catia Mastantuono – Expert in European Projects and Territory Developments
Alessandra Smerilli – Professor of Economics at Università Milano-Bicocca- Cattolica of Rome
Simona Lanzoni – Vice-president and director of Projects at Pangea Onlus Foundation
Soana Tortora – Head of the Peace, Developments and Immigration unit at Acli and founder of Solidarius Italia
The bank’s asset management activity increased by nearly 12% at the end of 2013, reaching total net inflows of €888m, €1.1bn if including both direct and indirect inflows.
At the end of 2013, the bank received total funding of €775m, slightly down compared with 2012 due to the broader economic crisis which has slowed down credit demand for new investments, the bank highlighted.
Total assets also reportedly went up by 8.9%, accounting for €47m at the end of 2013. Profits were also positive, coming at €1.3m at the end of April.
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