Banca Generali closes the first six months of 2026 and a net collection of 4,4 billion euros, up by 47 % compared to the same period last year. This is the best half-year result ever recorded by the institute, supported by the growth of managed solutions and the progressive orientation of customers towards products with a greater consultancy content.
However, the positive data comes on a difficult day for Piazza Affari and for the entire banking sector. Banca Generali shares lose 2,74% at 63,80 euros, reflecting the climate of risk aversion that is sweeping across European markets following the new escalation between the United States and Iran, the return of fears over the Strait of Hormuz and the surge in oil and gas prices.
Banca Generali: €4,4 billion raised in the first half of the year
From January to June the overall flows are grown by almost 50% on an annual basis. A significant contribution came from Assets under Investment, which exceeded €2,1 billion since the beginning of the year, remaining in line with the bank's 2026 targets. Within this component, managed solutions totaled €1,94 billion, a 128% increase compared to the same period of the previous year. This result confirms client demand for investment tools accompanied by a higher level of advisory and wealth planning.
Internally developed products, including financial containers and funds, have generated €1,6 billion in inflows since the beginning of the year, representing 74% of total inflows in Assets under Investment.
Generali Bank: June closes with 631 million streams
Just in June Banca Generali has created a net inflows of 631 million euros, up 105% year-over-year, albeit slowing from the over €1,04 billion recorded in May. The quality of the flow mix remained high, with Assets under Investment amounting to €480 million and representing 76% of the monthly total. Managed solutions raised €290 million, 82% more than in June last year.
He also returned to growing interest in insurance containers, which attracted €205 million in the month and reached €305 million since the beginning of the year. According to the bank, these instruments were preferred over traditional insurance solutions due to the greater diversification and efficiency opportunities they offer in the current market and interest rate environment.
In-house products raised €95 million in the month. Other assets generated €151 million in inflows, while administered accounts recorded subscriptions of €377 million, bringing the half-year total to €2 billion. This result includes over €250 million invested in the retail issue of BTP Italia bonds. Liquidity was impacted by both the transfer of funds to investments and the typical June tax deadlines.
Mossa focuses on consultancy and entrepreneurs
“We are closing the first half of the year with the best collection figures in our history, up almost 50% compared to last year, and with a particularly positive mix quality” – declared the CEO and General Manager Gian Maria Mossa – "Despite a market environment characterized by volatility and uncertainty, the quality of our offering and the professionalism of our bankers have effectively responded to our clients' needs for protection and enhancement of their assets. This is confirmed by the strong shift in inflows toward Assets under Investment, which accounted for over three-quarters of the month's inflows, with sustained growth in managed solutions and a recovery in the insurance component."
Banca Generali also intends to strengthen its positioning in the entrepreneur segment, leveraging the integration of wealth management and specialized expertise. This approach includes synergies with Intermonte and the PMI2Change project, presented on July 1st at Palazzo Mezzanotte to foster closer ties between capital and Italian small and medium-sized enterprises.
“Let's look at the second part of the year with confidence and determination, strengthened by the quality of our network, the solidity of the results achieved and the belief that we can achieve important objectives", concluded Mossa.
