Fineco Posts Record Clients and Higher Profit
Italian digital bank Fineco reported strong third quarter results with record client growth in October. Net profit rose and revenues exceeded analyst estimates. The lender plans to update its strategy in February.
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FinecoBank added 25,800 new clients in Italy during October, a 35% year-on-year increase driven by strong retail demand. The growth follows a third-quarter net profit rise of 15.6% on higher-than-expected revenue. CEO Alessandro Foti said the digital bank is positioned to capture changing saver preferences.
