- Business
- FinecoBank Banca Fineco S.p.A. (FBK.MI) operates as a leading European FinTech bank, listed on the FTSE MIB index, offering integrated banking, brokerage, investing, and credit services through proprietary transactional and advisory platforms accessed via a single account and supported by an extensive network of over 3,000 personal financial advisors across 437 Fineco Centers. The company provides current accounts, deposit services, payment solutions, debit, credit, and prepaid cards; mortgages, overdrafts, personal loans, and Lombard lending; order execution on global equity markets, trading in CFDs, futures, options, bonds, ETFs, certificates, covered warrants, currencies, and Forex via platforms including PowerDesk, PowerChart, PowerCell, and Logos; asset management through Fineco Asset Management (FAM, established 2018 in Dublin), placement and distribution of investment solutions including insurance and pension products, advanced advisory services, private markets, active and passive ETFs; and private banking for high-net-worth clients with tailored portfolios emphasizing transparency, low upfront fees, and no performance fees. Headquartered in Milan, Italy, with operations primarily in Italy and selective international reach, FinecoBank serves 1.76 million clients, managing €154.6 billion in total financial assets (€77.6 billion in private banking), including €71.2 billion in assets under management, €52.5 billion in assets under custody, and €30.8 billion in direct deposits as of September 30, 2025. Founded in 1999, the bank reports strong 9M25 performance with €969.6 million in revenues, €480.5 million net profit, and a 26.8% cost/income ratio, driven by 12.5% growth in non-financial income from investing (+10.1%) and brokerage (+21.8%). Recent developments include accelerated client acquisition to 144,702 new clients (+32.6% y/y), €9.4 billion net sales (+36% y/y) with €3.6 billion in AUM and positive deposit inflows; FAM expansion into active ETFs, passive vanilla ETFs via co-branding, private equity solutions, and €39.8 billion assets under management (+18.9% retail y/y); rollout of AI-powered tools for advisors including Portfolio Builder (now supporting stocks and bonds), content creator, search tool, and brokerage AI assistant; record brokerage outlook for 2025 with higher active investor base and AUC; and enhanced ESG initiatives under the 2024-2026 plan, featuring 80% Article 8/9 SFDR funds, green mortgages, sustainable bonds, and top ratings from S&P Global, Sustainalytics, and MSCI.