Banca Generali (LTS:0DQZ)
€ 43.86 -0.13 (-0.3%) Market Cap: 4.98 Bil Enterprise Value: 4.42 Bil PE Ratio: 12.24 PB Ratio: 3.54 GF Score: 81/100
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Q1 2021 Banca Generali SpA Earnings Call Transcript

May 12, 2021 / 01:00PM GMT
Release Date Price: €32.2 (-1.77%)
Operator

Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca Generali First Quarter 2021 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.

Gian Maria Mossa
Banca Generali S.p.A. - GM, CEO & Executive Director

Thank you, and good morning. Thank you for attending our first quarter results conference call. Let's start by saying that the first quarter was probably the best quarter ever for the bank, of course, for the numbers but even more for the quality of the underlying. We achieved more than EUR 77 billion of total assets. And what impressed me more apart for the impressive acceleration, 19%, the increase year-on-year, is about the quality because the greatest part of this acceleration comes from asset management products.

This increase is a consequence of, of course, positive market but also a very sound and of great quality activity of our financial

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