CheBanca! BoD Meeting Financial statements for year ended 30 June 2020 approved

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CheBanca! Board of Directors’ Meeting
Financial statements for year ended 30 June 2020 approved

Despite the highly critical scenario, CheBanca! has delivered an impressive set of commercial results for FY 2019-20,
as testimony to the resilience and flexibility of its business model

Increasing revenues and gross profit
confirm the bank’s continuing growth trend

TFAs increase to €27.8bn (up 9.5% Y.o.Y., up 5.8% in 3M) with all components growing
AUM/AUA of €12.5bn (up 21% Y.o.Y., up 11.5% in 3M), deposits of €15.3bn (up 1.6% Y.o.Y., up 1.5% in 3M)

Net inflows since start of the year €2.6bn, €2.3bn in NNM as AUM/AUA,
with growth accelerating sharply in 2H
€0.8bn in 1H, €1.8bn in 2H

Distribution strongly enhanced for third year running:
now 868 professionals and 192 POS
454 affluent and premier relationship managers (9 added in 12M), responsible for €1bn of NNM (AUM/AUA)
414 Financial Advisors (79 added in 12M), responsible for €1.3bn of NNM (AUM/AUA)
CheBanca! branches now total 107, with 85 FAs POS (increase of 15 in 12M)

Revenues and gross profit continue positive trend:
Revenues up 7% to €317m, reflecting increasing diversification between NII (€214m) and fees (€102m, up 19%)
Costs up 6% to €250m, due to expansion in operations and distribution
Increase of €6m in loan loss provisioning to cover impact of COVID-19 pandemic
Gross profit up 2% to €48.1m
4Q revenues trend positive (up 3% to €80.5m)

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