FinecoBank

Earnings Release • Oct 24, 2017

Informazione Regolamentata n. 1615-79-2017		Data/Ora Ricezione 24 Ottobre 2017 09:00:15	MTA
Societa'	:	FINECOBANK
Identificativo Informazione Regolamentata	:	95045
Nome utilizzatore	:	FINECOBANKN05 - Spolini
Tipologia	:	3.1
Data/Ora Ricezione	:	24 Ottobre 2017 09:00:15
Data/Ora Inizio Diffusione presunta	:	24 Ottobre 2017 09:00:16
Oggetto	:	PR 3q17 preliminary results
Testo del comunicato

Vedi allegato.

COMUNICATO STAMPA

FinecoBank: 3Q17 Preliminary Results

Milan, October 24th, 2017

As already communicated in the previous press release dated October 24, 2017, given an erroneous publication of data by UniCredit which included preliminary and incomplete 3Q17 figures, also with reference to FinecoBank, the Board of Directors of FinecoBank has acknowledged today some preliminary results as of September 30, 2017, as summarized below:

mln	9M16	9M17	Y/Y %	3Q16	2Q17	3Q17		3Q17/3Q16 % 3Q17/2Q17 %
		Preliminari				Preliminari
Net interest income	186,0	194,6	5%	62,5	64,3	67,4	8%	5%
Net commissions	177,1	199,4	13%	59,3	65,0	69,7	18%	7%
Trading profit	57,7	37,1	-36%	10,8	12,3	11,1	3%	-9%
Other expenses/income	0,0	-0,2	397%	-0,8	-0,8	0,1	-108%	-108%
Total revenues	420,7	430,9	2%	131,8	140,8	148,2	12%	5%
Staff expenses	-57,1	-58,7	3%	-19,3	-19,7	-19,8	2%	0%
Other admin.exp. net of recoveries	-106,8	-108,5	2%	-31,4	-38,2	-31,1	-1%	-19%
D&A	-7,2	-7,5	3%	-2,6	-2,5	-2,6	1%	5%
Operating expenses	-171,1	-174,7	2%	-53,4	-60,4	-53,5	0%	-11%
Gross operating profit	249,7	256,2	3%	78,4	80,4	94,7	21%	18%
Provisions	-13,9	-24,2	74%	-11,3	-0,8	-21,0	85%	2623%
LLP	-3,5	-3,1	-13%	-0,7	-1,0	-1,5	112%	53%
Integration costs	0,0	0,0	106%	0,0	0,0	0,0	N.A.	N.A.
Profit from investments	0,0	-1,8	N.A.	0,0	-0,4	-1,4	N.A.	N.A.
Profit before taxes	232,3	227,2	-2%	66,4	78,3	70,7	7%	-10%
Income taxes	-69,9	-76,1	9%	-21,8	-25,7	-23,9	10%	-7%
Net profit for the period	162,4	151,0	-7%	44,6	52,6	46,8	5%	-11%
Normalised Net Income(1)	145,6	156,9	8%	44,6	52,6	52,7	18%	0%
1 Al netto effetti non ricorrenti
Non recurring items (mln, gross)	9M16	9M17		3Q16	2Q17	3Q17
VISA sale (Trading Profit)	15,3	0,0			0,0
Extraord systemic charges (Provisions)	0,0	-7,4				-7,4
Extraord systemic charges (Profit from investm)	0,0	-1,4				-1,4
Integration costs	0,0	0,0
Release of taxes	6,5	0,0			0,0
Total	21,9	-8,8		0,0	0,0	-8,8

Finally, FinecoBank confirms that the final 3Q17 and 9M17 results will be submitted for approval to the Board of Directors on November 7, 2017 and published on the same day.

FinecoBank

FinecoBank is UniCredit Group's direct multichannel bank. It has one of the largest financial advisors' network in Italy*, and is the number one broker in Italy for equity trades in terms of volume of orders**. FinecoBank offers an integrated business model combining direct banking and financial advice, with a single free-of-charge account including banking, credit, trading and investment services, also available through applications for smartphone and tablet. With its fully integrated platform, FinecoBank is the benchmark for modern investors.

*Source: Assoreti

**Source: Assosim

Contacts: Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 3295 mediarelations@finecobank.com investors@finecobank.com

Barabino & Partners Tel. +39 02 72023535 Emma Ascani e.ascani@barabino.it

+39 335 390 334 Tommaso Filippi t.filippi@barabino.it +39 366 644 4093