FinecoBank reports positive 2014 results
Italy’s FinecoBank, the multi-channel online and advisory services unit of the UniCredit group, has published its estimate for results as of December 2014.
Net profits seem to have reached €150m, 75.9% up from 2013.
Total revenues were also up by 21% yoy, hitting total of €448m. The company also reported a pay-out ratio of €0.20 per share.
Asset management products proved to be very successful too, posting total net inflows of €4bn, 61.1% up from previous year.
Finally, FinecoBank, which floated the Italian stock exchange in July 2014, has gained 103,000 new clients over the year.