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FINECO BANK Consolidated Interim Financial Report as at 31 March 2021 - Press Release Results at 31 March 2021 , approved IN 1Q21 FINECO CONFIRMED ITS STRONGER GROWTH MOMENTUM WITH RECORD - HIGH NET PROFITS AND REVENUES SOLID COMMERCIAL DYNAMICS , LED BY THE INCREASED PRODUCTIVITY OF THE PFAS ' NETWORK THANKS TO THE BANK'S FINTECH DNA • Strong growth in net profit thanks to the diversified business model : € 94.7 million ( + 2.7 % y / y¹ ) • Revenues : € 218.2 million ( + 8.4 % y / y¹ ) • Gross operating profit : € 144.5 million ( + 7.2 % y / y¹ ) Cost / income ratio : 33.8 % ( +0.8 p.p. y / y¹ ) CET1 at 26.51 % Milan , 11 May 2021 The Board of Directors of FinecoBank S.p.A. has approved the results at March 31st , 2021 . Alessandro Foti , CEO and General Manager of Fineco Bank , stated : " We're very satisfied about these quarterly results which strongly underline the change of pace in Fineco's growing path . A turning point based on extreme solidity and sustainability driven by the fast acceleration of the structural trends shaping Italian society , among which digitalization stands out . The growing request by customers of advanced investment solutions is crucial for the positive results of our investing platform , with a strong contribution by Fineco Asset Management . In addition , FAM is being setting a strategic discontinuity to improve the efficiency of the value chain , increasing the opportunities for our financial advisors to successfully meet our customers ' needs . We are fully engaged in leveraging on the great growth opportunities offered by our digital DNA based platform , positioned in the best way to offer an excellent service level based on efficiency , transparency and constant innovation . " Non - recurring items recorded in 2020 : € -1.4 million gross ( € -1.0 million net ) related to Voluntary Scheme fair value , of which : € -0.2 million gross ( € -0.2 million net ) in the third quarter of 2020 ; € -1.2 million gross ( - € 0.8 million net ) in the first quarter of 2020 . 1