in 2020 the assets under administration rose to 257 billion (+ 6%), profit to 817 million-

Fideuram – Intesa Sanpaolo Private Banking closes 2020 with a net profit of 817 million euros. Total assets under administration stood at the new all-time high of 257.2 billion, up 6% compared to 242.7 billion in 2019. Total net inflows were 11.7 billion (10.9 billion in 2019, + 7%), of which 5.8 billion in assets under management (4.6 billion in 2019, + 26%). Net commissions stood at 1.71 billion (1.75 billion in 2019, -2%), made up of 94% net recurring commissions. Capital solidity far above regulatory requirements, with a Common Equity Tier 1 ratio of 21.9%. In 2020 our division was able to continue along its growth path: total assets under administration reached 257 billion euros and net inflows nearly 12 billion euros, says Tommaso Corcos, CEO and general manager of Fideuram. These are important results – he adds – which demonstrate how our service model is resilient and capable of generating value in all market conditions, even in a year marked by socio-economic uncertainties, due to the health emergency.

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