MILANO – Banca Generali expects to achieve annual net profit growth of 10-15% in the period 2022-2024, according to the strategic plan approved today. Other financial targets include total net inflows of € 18-22 billion cumulative over the period and estimated assets under management and administered at € 105-110 billion at the end of 2024
The plan is rooted in the three strategic pillars around which the Bank’s vision is built, namely ‘To Be the First Private Bank, Unique in Service Value, Innovation and Sustainability’. In detail, the objectives are: first, the increase of the potential market target. to bring new customer segments closer to the world of consultancy and its range of solutions thanks to an increasingly personalized offer and service models that can be scaled by its financial advisors.
Second, Data Driven Bank. Strengthened by our ‘Open banking’ model – explains a note – we aim to expand the ecosystem of platforms and digital tools to create a range of solutions that are even more tailored to the needs of Financial Advisors and Customers. The enhancement of the data and its processing methods become crucial to generate new opportunities for growth in the service, in the relationship of trust, and in territorial development.
Full of profits for the banks, the commissions make Banco Bpm, Bper and Sondrio rich
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Third, Sustainability towards stakeholders. Starting from the transparency, efficiency and quality of the service, the aim is to increase the sustainable approach by setting new ambitious targets. All this while respecting the environment and people, pursuing the goal of creating value for all stakeholders.
The objectives, while ambitious, are within the reach of the Bank in the light of the opportunities offered by the sector, which has been able to brilliantly overcome the difficulties imposed by the pandemic and now has before it a context that is on the way to progressive normalization. The new strategy allows an evolution of the business model which, always starting from the central and priority role of the Financial Advisor, manages to combine further service proposals that leverage on
technology and can take advantage of a more integrated proposition of ESG principles at every level of the Bank, from governance, to management, to investments and products.