CheBanca! Board of Directors’ Meeting Financial statements for 2Q FY 2019-20 approved

TFAs up to €26.5bn

Net new money of AUM/AUA aligned with best sector levels: €1.4bn in 6M,

double last year’s levels, and €0.8bn in last 3M

Residential mortgage new loans total €1.3bn

Revenues and gross profit post significant growth

AUM/AUA up to €12bn (up 8% in 3M) and TFAs up to €26.5bn (up 2% in 3M)

Customer loans total €9.8bn (up 9% in 1H; up 4% in 3M)

Distribution network expanded further:

848 professionals and 190 POS

Affluent/premier relationship managers now total 453 (2 added in 3M), responsible for €0.4bn of AUM/AUA net inflows in 3M (1Q €0.3bn)

Financial advisors now total 395 (30 added in 3M), responsible for €0.4bn of AUM/AUA net inflows in 3M (1Q €0.3bn)

Revenues and gross profit post significant growth 

Revenues of €159.1m reflect strong YoY growth of 8.8%) diversified between

net interest income of €108.6m (up 4.2%) and fees of €50m (up 20.2%)

Costs slightly higher at €123.1m (up 6.6%) due to expansion in operations and distribution

Gross profit up significantly (25.4%) to €29.1m

 Milan, 31 January 2020