Banca Generali: « Integration with Mediobanca can make sense, business are complementary »

The combination between Banca Generali And Mediobanca « It could make sense », as « the two business could be complementary ». Gian Maria MossaCEO of Banca Generali, during the call with analysts on quarterly results opens up to an integration with a cottage square, Which at the end of April launched an OPS on the Asset Manager with an exchange of general actions. In any case, it is « a long journey », added Mossa, who today received the mandate from the board of directors to deepen the operation. So « we will try to better understand the logic and implications of the offer ». Appointment to which the Advisor Deutsche Bank and the Pedersoli Gattai law firm will also be called.
According to the CEO « the two business are complementary, we are the best in Wealth Management and we believe that synergies can be created ». « Having said that – he adds – there are fundamental aspects to consider such as governance, commercial agreements and possible synergies ». « Ours – he underlines – is a business of people, and it is very important to understand how two business cultures can be approached ».

Focused on savings

« With regard to the public exchange offer received by Mediobanca, We remain focused on our priorities, that is to protect and enhance the savings and investments of our customers. The extraordinary results achieved in these years are the result of the dedication, professionalism and experience of our financial consultants, who represent our most important asset « , then reassured the moves moved. «Ours is a business of people who have contributed to making Banca Generali unique and from which one must start in any transaction that sees the bank involved. Finally, let me remember that for us it is of primary importance to represent the interests of all our shareholders who have placed their trust in the bank and in the management team over the years « .

Falling masses

Coming instead to the accounts, in the first quarter of 2025 Banca Generali reported a net profit of 110.3 million (with the recurring component to 87 million, growing 6.1% a/a) and total growing masses at 103.9 billion (+7.3% a/a). The Private Bank also communicated the data on the net collection in April, which stood at 612 million euros (2.1 billion euros since the beginning of the year). According to Mossa, Banca Generali has closed « a quarter of solid growth in which the strong proximity to customers and the active role in the protection of wallets is confirmed even in times of greater volatility ». « The uncertainty about the markets and the economic pressures of the last few months – he explains – have not impactful the ability to grow the bank in its recurring items, as the dimensional development and the consistency of the harvest which, however, is confirmed strong in April » demonstrate « . For the entire Banca Generali exercise confirms the objective of a collection of « at least 3.5 billion in Assents under investments».