Q3 2020 Banca Generali SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca Generali's 9 Months 2020 Results Presentation. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Gian Maria Mossa, CEO and General Manager of Banca Generali. Please go ahead, sir.
Good morning, and welcome to our third quarter results conference call. Let's start saying -- let's start by saying, in a nutshell, that these first 9 months are among the best ever for the bank. We reached the highest level in terms of assets at EUR 70.4 billion; the highest level in terms of managed solutions, EUR 34.5 billion; and the highest level in terms of assets under advisory, EUR 5.4 billion. These numbers are the consequences of a very sound commercial activity with total net inflows at EUR 4.1 billion in the first 9 months of the year. As a consequence, all the operating components increased significantly and while the net profit has been in line with last year
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