Outlook
We are heavily committed to implementing the strategic guidelines set out in the 2023-2026 Plan, leveraging on the distinctive traits of our business model and on the proven ability to deal with unfavourable economic cycles by turning criticalities into opportunities
In a macroeconomic scenario marked by uncertainty over the persistence of inflation, reflected in the prospects of a slowdown in financial conditions, the Group aims to match the solid results posted in in 9M for the full 2023-24 financial year.
In particular, revenues are expected to increase to €3.5bn, with net interest income up 10% YoY, and fee income rising progressively, by leveraging on the following factors:
- Wealth Management: buoyant commercial activity, and solid expansion of the distribution structure, product and service offering, and indirect funding flows;
- Consumer Finance: new loans of over €8bn with margins resilient;
- Corporate and Investment Banking: consolidation of the recovery in both domestic and international activities.
EPS and DPS are expected to post double-digit growth and will be helped by the cancellation, by end-June 2024, of the 17 million shares acquired under the terms of the buyback approved by shareholders at the AGM on 28 October 2023.
