Positive Q1 results for Intesa Sanpaolo Private Banking

Intesa Sanpaolo Private Banking, part of Italy’s biggest bank by assets, has reported a €35.9m net profit for the first quarter of 2012, marking a 50% year on year increase.

Between January and March, net inflows have been €500m, with a €3.9bn increase in assets under management.

Intesa Sanpaolo Private Banking currently has €75bn assets under management, with a market share of 17%, according to a company statement.

“The positive quarter results show the bank’s efforts to offer quality services of advisory, asset management and technological innovation,” chief executive Paolo Molesini said.

preloader
Close Window
View the Magazine





You need to fill all required fields!