Credem Euromobiliare Private Banking has posted the results of the first half of 2023, which closed with a net profit of 24.7 million euros. A net growth compared to the previous year enabled also by last february's deal that saw the Private Banking business unit of Credito Emiliano merge by incorporation into Credem Euromobiliare Private Banking, thus completing the process for the creation of the private bank of the Credem Group. Especially noteworthy, client assets managed by the company by June 2023 amounted to €38,914 million, a figure not comparable with that of the same period of the previous year, equal to €13,377 million, referring to Banca Euromobiliare alone. The trend in net inflows was particularly positive, amounting to approximately €1.5 billion, taking into account the positive market effect.

 

General Director Matteo Benetti made the following statement: "A time of tremendous achievements and satisfaction for us all. Thanks to a well-planned strategy paired with ambitious vision, we have strengthened our position in the private banking sector by offering our clients a bespoke and luxurious experience. We intend to go into the second half of the year with the same passion and dedication, committing ourselves to consolidate and further expand our presence in the market, aiming to provide our clients with an even more exclusive and personalized experience."

 

View the press release with all the data for the first half of 2023 here.