Media Relations

CheBanca! Board of Directors’ Meeting Results for nine months ended 31 March 2019 approved


CheBanca! Board of Directors’ Meeting
Results for nine months ended 31 March 2019 approved


TFAs increase to €25bn (up 10% in 9M; up 7% in 3M)
with all components growing over all time horizons
AUM/AUA €9.8bn, up 16% in 9M, up 10% in 3Q
Deposits €15.2bn, up 7% in 9M, up 5% in 3Q

Net new money €2.3bn, raising capacity accelerating sharply
€0.6bn in 1Q, €0.4bn in 2Q, €1.3bn in 3Q
driven by brand and distribution enhancement
Affluent relationship managers now total 431 (up 5% Y.o.Y.), responsible for €1.3bn of NNM
Financial advisors now total 319 (up 57% Y.o.Y.), responsible for €1bn of NNM

70k new clients acquired (27k in 3Q alone), 40% of which through digital channels

Revenues and gross profit growing
Revenues up 2% Y.o.Y.  to €220m, well diversified between net interest income (€157m) and fees €62m (up 10%)
Costs broadly stable at €175m (up 0.5% Y.o.Y.) despite network enhancement and expansion in operations
Gross profit up 20% Y.o.Y. to €36.4m
3Q revenues and gross profit stable vs 2Q at €74m and €13m respectively

Last update: 29/04/2019 - 11:52