Q3 2023 Banca Generali SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca Generali 9 Months 2023 Results Conference Call. (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 afternoon, and welcome to our third quarter results conference call. The first 9 months were pretty strong with the total client assets at new highs, EUR 88.8 billion, driven by very solid net inflows by the existing sales force. In terms of underlying investment service continue to build size. We are at 18.7%, well supported by consistent inflows, while from a financial perspective, the recurring net profit achieved new record high at almost EUR 250 million. Also on the capital and liquidity perspective, we continue to confirm the level of higher level compared to the previous conference call. In terms of business update, we are accelerating on new
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