Fineco closed the first half of 2026 with revenue of €713.8 million, up 10.8% from the same period a year earlier. According to the bank, growth extended across all its main business areas. The results come as Fineco also expands its insurance offering through an exclusive partnership with Cnp Assicura for life insurance products.

Net profit from ongoing operations reached €343.3 million, an increase of 8% year on year. Overall profit for the period stood at €340.4 million, up 7.1%, after the recognition of €3 million in non-recurring charges after tax. The difference between the two measures therefore reflects exceptional items rather than a weakening of ordinary operations.

Banking revenue increased by 8.5%. The company attributed the performance to the positive contribution from higher volumes, which was sufficient to offset the decline in market interest rates during the half-year. This is an important factor in interpreting the results: growth was driven not by a more favorable interest-rate environment, but by the larger volume of assets managed by the bank.

Net financial income followed the same pattern, rising to €339.4 million in the first half, 7.7% higher than in the first six months of 2025. According to the company, the impact of higher volumes more than offset falling rates. The figure highlights Fineco’s ability to sustain financial revenue through operational growth during a less favorable period for interest-related returns.

The investing business grew by 11%, supported by both higher volumes and a greater contribution from Fineco Asset Management. The result confirms the importance of investing activities within the group’s business model and aligns with the strategy outlined by chief executive Alessandro Foti, which centers on integrating technological infrastructure with the bank’s advisory network.

Brokerage recorded the strongest growth, increasing by 15.2%. Fineco attributed the result to growth in assets under administration and an expanding base of active investors. Among the three business areas presented by the bank, brokerage achieved the highest growth rate during the period.

On efficiency, the cost-to-income ratio stood at 27%. The company did not provide a comparison with the first half of the previous year in the available information. The reported level accompanied double-digit revenue growth and a more moderate increase in profit, partly due to the non-recurring charges recognized during the period.

Fineco also updated its estimate for July net inflows, placing them at €1.7 billion. This would represent a 40% increase compared with the same month a year earlier. As the estimate relates to the month following the end of the half-year, it provides an initial indication of business trends in the second half but is not yet a consolidated result.

The main strategic development is an exclusive four-year agreement with Cnp Assicura. The partnership provides for the distribution of life insurance products through Fineco. According to the announcement, the agreement is intended to strengthen the insurance advisory solutions available to professionals across the bank’s network.

Chief executive Alessandro Foti described the half-year results as part of an accelerating growth trajectory. In his view, savers’ demand for efficient and transparent solutions is being met through a combination of a technology platform enhanced by artificial intelligence integration and an advisory network focused on long-term investing.

Foti also said Fineco is well positioned to capture further growth opportunities by leveraging its ability to attract new customers. Following progress across all operating areas, the key factors to watch will be whether volumes remain resilient amid lower interest rates, whether the estimated July inflows are confirmed and how much the Cnp Assicura agreement contributes over the partnership’s four-year term.