Fineco closes 2021 with a record net profit of 349.2 million euros, + 7.6% on 2020. In the fourth quarter alone, the profit amounted to 91.9 million, + 17.5% and beyond expectations of the consent Facset of 85 million. On the strength of these data, the board of directors approved the proposal to distribute a unit dividend of 0.39 per share after the 0.303 euros distributed in 2019 for 2018, while in 2020 on 2019 and in 2021 on 2020 the bank had canceled the payment of the coupon due to the limitations imposed by the ECB due to the pandemic and then distributed a cumulative 0.53 euro, for two suspended years, last November. Revenues for 2021 amounted to € 804.5 million, up 7.4%, also in this case as high as profit. The financial margin stood at 280 million, stable compared to the 279.7 million in 2020,
Net commissions amounted to 450.8 million, + 18.8% compared to 379.4 million in 2020. The increase is attributable to the increase in net commissions relating to the Investing area (+ 29.9%) thanks to the volume effect and the greater contribution of Fineco Asset Management. In addition, the increase in commissions in the Banking area to 49.2 million (+ 43.9%), while net commissions relating to the Brokerage area amounted to 126.2 million, down (-5.4% ) mainly due to the lower volatility in 2021 compared to the peaks recorded in 2020. Operating costs in 2021 are confirmed under control at 258.9 million, up by 6.5% mainly due to expenses strictly related to the growth of the business, net of which the increase in operating costs is equal to 4.4%. The operating result amounted to 545.7, + 7.8%. The Cet1 is at 18.8%.
Total financial assets at 31 December 2021 amounted to 107.9 billion, up by 17.7% compared to December 2020 of which 55.5 billion for managed assets, up 22.2%, for administered 23 billion (+ 25.4%), and for direct deposits 29.5 billion (+ 5.3%). In 2021, net flows rose to a maximum of 10.7 billion (+ 14.7%), without resorting to short-term commercial policies. The asset mix was oriented towards managed savings, amounting to € 7.3 billion (+ 69.8%). Administered deposits amounted to € 1.9 billion (-24.4%), while direct deposits amounted to € 1.5 billion (-40.9%). The bank also communicated the data for January which closed with net inflows of 673 million, of which 329 million under management. Estimated brokerage revenues in January amounted to 19 million.
As of December 31, 2021, the network of financial advisors was made up of 2,790 units, distributed throughout the country with 424 financial shops (Fineco Center). Funding in 2021 through the network of financial advisors amounted to € 9.9 billion. It should be noted that as at 31 December 2021 Fineco Asset Management managed assets for 24.8 billion: 15.1 billion in the retail component (+ 43.6%) and 9.7 billion in the institutional component (+ 67.3%). In 2021, 112,091 new customers were acquired, up by 19.1% compared to 2020. The number of total customers as of December 31, 2021 is 1,428,170. “Fineco closes 2021 with very robust growth, with record profits and revenues. Results that confirm a further change of pace in our growth path, strengthened by the effectiveness and solidity of our business model,
