Banca Finnat Euramerica : The Board of Banca Finnat approves theresults of the first tree months 2015

PRESS RELEASE

THE BoD OF BANCA FINNAT APPROVES THE RESULTS FOR THE FIRST QUARTER OF 2015 THE GROUP CONSOLIDATED NET PROFIT ROSE BY 48% TO € 1.97 MILLION FROM € 1.33 PERIOD-ON-PERIOD THE EARNINGS MARGIN STANDS AT € 15.15 MILLION, UP BY 22% NET COMMISSIONS INCREASED BY 96%, FROM € 5.34 MILLION TO € 10.485 MILLION THE CONSOLIDATED NET EQUITY ROSE FROM € 191.1 MILLION AT 31.12.2014 TO € 215.39 MILLION TOTAL GROUP ASSETS UNDER MANAGEMENT REACHED € 12 BILLION, RISING BY 35% Rome, 08 May 2015 - Meeting today, the Board of Directors of Banca Finnat Euramerica S.p.A. examined and approved the Consolidated Interim Report on Operations at 31 March 2015. The Interim Report will be posted online at www.bancafinnat.iton the Investor Relations page, as well as on the authorised storage mechanism SDIR-NIS/NIS-Storage (www.emarketstorage.com), and will also be available on the website of Borsa Italiana S.p.A. ( www.borsaitaliana.it). The income and equity data at 31.3.2015 record the full integration of Beni Stabili Gestioni SGR and Polaris RE SGR in Investire Immobiliare SGR, Banca Finnat's real estate fund management subsidiary. Following is an overview of the key consolidated results, compared with the same period of the previous year.

The Earnings Margin increased by 22%, from € 12.42 million to € 15.15 million.

Net Commissions rose by 96.2%, from € 5.34 million to € 10.485 million.

Profit from the Transfer of Available-for-Sale Financial Assets increased by almost 1.6 million Euros (€ 2.528 million at 31 March 2015 compared to € 942 thousand in 2014).
The following two items both dropped: own Trading Activities (which features a negative balance of € 1.532 million, compared to a positive period-on-period balance of € 1.662), and the Interest Margin, which, as a result of the heavy reductions imposed by the market on the rates of return on financial investments, plummeted by 22.6% (from € 3.46 million at 31.03.2014 to € 2.68 million at the end of the first quarter of 2015).
The Group Consolidated Net Profit rose by 48.3%, standing at € 1.97 million from € 1.33 million.

Total Group Assets under Management (AUM) - comprising individual asset

management, management mandates from third parties, managed savings, trust assets under management, SICAVs, assets managed by SGR Investire Immobiliare (valued at NAV) - rose to € 12.05 billion, up by 35.1% compared to
the previous year and by 29.9% compared to the period ending on 31.12.2014.

At 24 April 2015, the number of treasury shares held totalled 25,307,589 (25,105,632 at
31 December 2014), accounting for 6.97% of the Bank's share capital.

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The manager in charge of preparing corporate reports and accounting documents (Paolo Collettini) declares, pursuant to paragraph 2 of article 154 bis of the Consolidated Law on Finance, that the accounting information disclosed in this press release is consistent with the company's accounting records, books and entries. (PURSUANT TO ARTICLE 66 OF CONSOB RESOLUTION NO. 11971 OF 14 MAY 1999)

For further information

BANCA FINNAT EURAMERICA S.p.A. (www.bancafinnat.it)

IR Manager: Gian Franco Traverso Guicciardi - Tel. [phone] E-mail: [e-mail]

SEC - Ufficio Stampa - Marco Fraquelli - Tel. [phone] E-mail: [e-mail]

Attachments: Consolidated Profit and Loss Account, Balance Sheet and Consolidated
Statement of Performance at 31.03.2015

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CONSOLIDATED PROFIT AND LOSS ACCOUNT Period Period

(in thousands of euros)

1 January 31 1 January 31 March 2015 March 2014

10	Interes t income and s imilar income	3.300	4.651
20	Interes t expens e and s imilar expens e	(623)	(1.192)
30	Interes t margin	2.677	3.459
40	Commis s ion income	10.990	5.817
50	Commis s ion expens e	(505)	(473)
60	Net commis s ions	10.485	5.344
70	Dividends and s imilar income	990	1.013
80	Net income from trading activities	(1.532)	1.662
100 Profit (Los s ) from the trans fer or repurchas e of:
b) available-for-s ale financial as s ets	2.528	942
120 Earnings margin	15.148	12.420
130 Net value adjus tments /write-backs for the impairment of: a) receivables	(192)	(38)
140 Net income from financial operations	14.956	12.382
180 Adminis trative expens es a) s taff cos ts	(7.326)	(5.218)
b) other adminis trative expens es	(4.176)	(2.481)
200 Net value adjus tments /write-backs on tangible as s ets	(115)	(107)
210 Net value adjus tments /write-backs on intangible as s ets	(41)	(19)
220 Other operating income and expens es	405	(1.547)
230 Operating cos ts	(11.253)	(9.372)
240 Profit (Los s ) from equity inves tments	5	(119)
280 Profit (Los s ) from current operations before taxes	3.708	2.891
290 Income tax on current operations	(944)	(1.386)
300 Profit (Los s ) from current operations after taxes	2.764	1.505
320 Profit (Los s ) for the period	2.764	1.505
330 (Profit) Los s for the period of minority interes ts	(790)	(174)
340 (Profit) Los s for the period of parent company	1.974	1.331

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CONS OLIDATED BALANCE S HEET - LIABILITIES (in thous ands of euros )	31/03/2015	31/12/2014
10 20 30 40 80 100 120 110 140 170 190 200 210 220	Due to banks Due to cus tomers Outs tanding s ecurities Financial liabilities held for trading Tax Liabilities a) current tax liabilities b) deferred tax liabilities Other liabilities Provisions for risks and charges b) other funds Staff s everance fund Valuation res erves Res erves Share capital Treas ury s hares (-) Net equity of minority interes ts Net Profit (Los s ) for the period (+/-)	38 988.436 26.979 6.233 5.238 897 4.341 16.342 190 4.994 32.436 120.896 72.576 (12.491) 35.100 1.974	97.204 937.095 46.958 2.359 4.303 452 3.851 18.702 - 3.993 28.699 97.972 72.576 (12.410) 3.436 4.248
Total liabilities and net equity	1.298.941	1.305.135

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CONSOLIDATED STATEMENT OF PERFORMANCE OF BANCA FINNAT GROUP (in thousands of euros)

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