Italy's Fineco sales jump 35% in first half, boosting full-year view

• Net profit grew approximately 7% to €340.4 million in the first half, with CEO Alessandro Foti highlighting strong net sales as the key driver for 2026 revenue and profit growth
• Fineco claims to have the highest percentage of stable deposits among European banks, positioning it to benefit from rising interest rates
• The bank plans to invest an additional €5 million in marketing this year and is leveraging AI to redesign its technological backbone and accelerate customer acquisition

Italy's Fineco Reports Strong H1 2025 Performance, Raises Full-Year Outlook

Italian digital bank Fineco reported robust first-half results, with net sales surging 34.8% year-over-year to €8.9 billion ($10.2 billion). The strong performance was driven by significant customer acquisition growth, prompting management to adopt an optimistic outlook for full-year prospects.

Key Financial Metrics:

• Net sales: €8.9 billion, up ~35% YoY
• Net profit: €340.4 million, up ~7% YoY
• New customers: 125,594 (up 25.9% from prior year)

Strategic Highlights:

CEO Alessandro Foti emphasized that strong net sales remain the primary driver for anticipated revenue and profit growth into 2026. The bank is leveraging artificial intelligence and technology to redesign its operational backbone, with Foti citing "clear evidence" that these investments are delivering results.

Fineco is targeting clients from what it describes as "inefficient" German banks as part of its expansion strategy. The bank plans to increase marketing spend by an additional €5 million this year beyond original budgets.

Market Positioning:

Management highlighted Fineco's competitive advantage, noting it maintains the highest percentage of stable deposits among European banks. This positions the institution favorably to benefit from rising interest rates, with stable deposit funding providing insulation from margin pressure.

Outlook:

While Fineco does not provide numeric guidance, management expects all business segments and revenue mix components to contribute positively to growth in 2025, supported by accelerating structural trends in digital banking and continued technology-driven efficiency gains.

The results underscore Fineco's successful digital-first strategy in capturing market share within the competitive European banking landscape.