Useful record and dividing doubled for Banca Generali In exercise 2024
Best result in history
“The Best balance of our history At the end of a three -year course that has been able to overcome multiple critical issues, hitting and overcoming all the targets that we had set ourselves, “he explained The CEO Gian Maria Mossaadding “innovation in products and planning, starting from contribution of AI in our operating processes up to the potential offered by the operation on Intermonsmakes our approach to families, entrepreneurs and businesses even more distinctive and unique. “
The results of the year 2024
Banca Generali closed the exercise with a consolidated net profit of 431.2 million Euro, up 32.2% compared to the previous year. The margin of interest It rises to 317.1 million euros (+4.2% a/a) thanks to the expansion of the volumes and the profitability of fruits assets in the face of constant attention to the cost of the collection. The commissions Recurrent gross recorded an increase of 8.7% to 1041.2 million euros.
The Total masses Managed and administered on behalf of Banca Generali’s customers at 31 December 2024 increased to 103.8 billion euros (+11.9% a/a), a level that marks the new maximum peak in the history of Banca Generali. The growth of the masses benefited from the new net collection flows made in the year (6.6 billion) as well as the contribution contribution (4.4 billion) in a context of financial markets in favor of global level. Specifically, the under investment assets reached 70.2 billion euros (+11.6% a/a).
Dividendo doubled for shareholders
The Board of Directors approved to present to the assembly convened for April 17th Dividends for 327.2 million of euros, equal to 2.80 euros for action and corresponding to a Total pay-out of 76% of the consolidated profit of the year 2024 At the closing price of the Banca Generali title of 5 February 2025 of 48.94 euros per share, the proposed dividend (Accounting View) configures a yield of 5.7%.
Banca Generali will also proceed with the payment of the second tranche of dividend 2023 already approved and equal to 0.60 euros per share in the following ways: detachment date on February 24, 2025; Record dates February 25, 2025, payment date 26 February 2025.
