CheBanca! Board of Directors’ Meeting Financial statements for year ended 30 June 2019 approved

CheBanca! Board of Directors’ Meeting
Financial statements for year ended 30 June 2019 approved

CheBanca! delivers impressive FY 2018-19 commercial results
Marked acceleration in growth capacity
due to balanced distribution network enhancement
Revenues and gross profit growing

Client base reflects substantial growth (865k customers)
94k new clients acquired in 12 months, 40% of which through digital channels

TFAs increase to €25.4bn (up 12% Y.o.Y., up 2% in 3M) with all components growing
AUM/AUA up 22% Y.o.Y., to €10.3bn, deposits up 6% Y.o.Y., to €15.0bn

Significant growth in net new money (NNM), €2.6bn in 12M (up 18% Y.o.Y.)
€1bn in 1H, €1.6bn in 2H

Distribution strongly enhanced for second year running:
780 new professionals and 180 POS
Affluent relationship managers now total 445 (29 added in 12M), responsible for €1.3bn of NNM
Financial advisors now total 335 (109 added in 12M), responsible for €1.3bn of NNM
CheBanca! branches now total 110, with 70 FAs POS (increase of 23 in 12M)

Revenues and gross profit growing
Revenues up 2% to €297m, well diversified between net interest income (€211m) and fees (€86m; up 8%)
Costs stable at €236m (up 0.4%), despite expansion in operations and distribution
Gross profit up 16%, to €47.1m
4Q revenues trend positive (up 4% to €77m)