Banca Finnat Euramerica : The Board of Directors of Banca Finnat Euramerica S.p.A. approves the results for the first quarter of 2017

PRESS RELEASE

THE BOD OF BANCA FINNAT APPROVES THE RESULTS FOR THE FIRST QUARTER OF 2017

• TOTAL GROUP ASSETS STAND AT € 13.7 BILLION, UP BY ALMOST 6%
• INTEREST MARGIN IMPROVES BY ALMOST 4%
• CONSOLIDATED NET COMMISSIONS DROP BY 1.4%
• EARNINGS MARGIN GROWS BY 0.6%
• CONSOLIDATED NET PROFIT STANDS AT € 1573 THOUSAND FROM € 1985 THOUSAND AS OF 31.03.2016

Rome, 10 May 2017 - Meeting today, the Board of Directors of Banca Finnat Euramerica

1. examined and approved the Consolidated Interim Report on Operations at 31 March 2017. The Interim Report will be posted online at www.bancafinnat.it, on the Investor Relations/Regulated Information 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 ).

   Key consolidated results:

   • The Interest Margin is up by almost 4%, from € 1864 thousand at 31.03.2016 to

     € 1935 thousand.

   • Net Commissions dropped by 1.4%, from € 10188 thousand to € 10049 thousand.

   • Dividends from financial investments increased by 8.6%, from € 1461 thousand at 31.03.2016 to € 1586 thousand.

   • Profit from Own Trading Activities dropped by € 824 thousand.

   • The sale of Available-for-sale financial assets generated more profit of € 860 thousand.

   • There was a 0.6% improvement of the Earnings Margin, to € 15106 thousand from € 15013 thousand.

   • Operating costs, increased by 3.7% (from € 11398 thousand at 31.03.2016 to € 11822 thousand, featuring a Cost/income ratio of 78.3% compared to the previous 75.9% ), along with higher impairment losses on loans and available-for-sale financial assets totalling € 619 thousand, reduced the Group Consolidated Net Profit from € 1985 thousand at 31.03.2016 to € 1573 thousand (-20.8%).
   • Total Group Assets under Management (AUM) - comprising individual asset management, management mandates from third parties, managed savings, trust assets under management, third-party insurance products, savings directly collected from customers and assets invested in property funds valued at the market value of the total managed assets gross of indebtedness (GAV) - total €

13.7 billion.

Foreseeable future outlook

Based on the forecasts developed by the Offices of the Bank and its subsidiaries, we expect to attain a consolidated net profit, in the current year, no lower than the profit recorded in 2016 which included significant revenues for performance commissions related to the subsidiary InvestiRE SGR S.p.A.

The Total capital ratio, amounting to 28% (30,1% as of 31 december 2016), as also the CET 1 capital ratio and the Tier 1 capital ratio, both amounting to 27,8% (29,7% as of 31 december 2016), are well above the minimum capital requirements, at consolidated level, established by the Bank of Italy at the completion of the supervisory review and evaluation process (SREP) set out in Directive 2013/36/EU (CRD IV).

At 31 March 2017, the company held own shares totalling 29,492,710 (unchanged compared to 31.12.2016), accounting for 8.13% of the capital.

* * * * * The manager in charge of preparing corporate reports and accounting documents (Giulio Bastia) 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 31.03.2017

CONSOLIDATED PROFIT AND LOSS ACCOUNT (in thousands of euros)	Period 1 January - 31 March 2017	Period 1 January - 31 March 2016
10 20	Interest income and similar income Interest expense and similar expense	1.487 448	1.804 60
30	Interest margin	1.935	1.864
40 50	Commission income Commission expense	10.627 (578)	10.748 (560)
60	Net commissions	10.049	10.188
70 80 90 100	Dividends and similar income Net income from trading activities Net result of hedging activities Profit (loss) from the transfer or repurchase of: receivables available-for-sale financial assets	1.586 315 - 1.221	1.461 1.139 - 361
120	Earnings margin	15.106	15.013
130	Net value adjustments/write-backs for the impairment of: receivables available-for-sale financial assets d) other financial transactions	(318) (255) -	55 (9) -
140	Net income from financial operations	14.533	15.059
180 200 210 220	Administrative expenses staff costs other administrative expenses Impairment losses/reversals of impairment losses on tangible assets Impairment losses/reversals of impairment losses on intangible assets Other operating income and expenses	(8.219) (3.790) (111) (39) 337	(7.766) (3.592) (133) (35) 128
230	Operating costs	(11.822)	(11.398)
240	Profit (loss) from equity investments	26	(13)
280	Profit (loss) from current operations before taxes	2.737	3.648
290	Income tax on current operations	(675)	(1.028)
300	Profit (loss) from current operations after taxes	2.062	2.620
320	Profit (loss) for the period	2.062	2.620
330	(Profit) loss for the period of minority interests	(489)	(635)
340	(Profit) loss for the period of parent company	1.573	1.985