Banca Finnat Euramerica : The Board of directors of Banca Finnat approves the consolidated half-yearly report at 30.06.2016

PRESS RELEASE

THE BOD OF BANCA FINNAT APPROVES THE CONSOLIDATED RESULTS AS AT 30 JUNE 2016 CONSOLIDATED NET PROFIT REMAINS CONSISTENTLY ABOVE THE 4 MILLION EURO MARK (4.14 MILLION AT 30.06.2015), DESPITE A 24.3% DROP IN THE INTEREST MARGIN, AS A RESULT OF THE NEGATIVE RATE TREND

• NET COMMISSIONS TOTAL € 20.75 MILLION (21.59 MILLION AT 30.06.2015)
• DIVIDENDS ON FINANCIAL INVESTMENTS ARE UP BY 29%
• PROFIT FROM OWN TRADING IS UP BY 23.3%
• EARNINGS MARGIN TOTALS € 30 MILLION (30.9 MILLION AT 30.06.2015)
• TOTAL GROUP ASSETS UNDER MANAGEMENT STAND AT € 12.9 BILLION
• STRONG CAPITAL BASE. CET 1 CAPITAL RATIO AND TIER 1 CAPITAL RATIO BOTH AT 28,3%. TOTAL CAPITAL RATIO AT 28,6% Rome, 3 August 2016 - At a meeting held today, the Board of Directors of Banca Finnat Euramerica S.p.A. examined and approved the consolidated results posted by the Group for the six months ended on 30 June 2016. The financial report at 30 June 2016, which will be deposited, according to the law, at the company's headquarters, will be posted on www.bancafinnat.it, in the Investor Relations / Regulated information section, as well as on the website of the authorised SDIR-NIS/NIS-Storage mechanism (www.emarketstorage.com). The report will also be available on the website of Borsa Italiana S.p.A ( www.borsaitaliana.it ). Consolidated financial highlights

  • The Earnings Margin still stands at around € 30 million, compared to 30.9 million period-over-period.

  • Net Commissions also still stand at € 20.75 million, compared to € 21.59 million period-over-period.
  • Own trading activities, including the income from the sale of financial assets available-for-sale, feature a positive balance of € 3.187 million, compared to €

    2.585 million (+23.3%).

  • Dividends from financial investments are up by 29.2%, from € 1.766 million to €

    2.282 million.

  • The Interest Margin has been affected by the negative rate trends and is down to

    € 3.78 million, compared to € 4.99 million (-24.3%).

  • Operating costs have risen, period-over-period, to € 23 million from the previous

    € 22.58 million.

  • The Group Consolidated Net Profit is equal to € 4.02 million, compared to €

4.14 million at 30.06.2015.

At 30 June 2016, the number of treasury shares held totalled 29,492,710 (28,320,718 at 31 December 2015), accounting for 8.1% of the Bank's capital.

* * * * * 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)

IRManager: GianFrancoTraverso 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 30 June 2016

CONSOLIDATED PROFIT AND LOSS ACCOUNT (in thousands of euros)

Items	1st half - 2016	1st half - 2015
10. 20.	Interest income and similar income Interest expense and similar expense	3.444 339	6.101 (1.106)
30.	Interest margin	3.783	4.995
40.	Commission income	21.879	22.625
50.	Commission expense	(1.124)	(1.034)
60.	Net commissions	20.755	21.591
70.	Dividends and similar income	2.282	1.766
80.	Net income from trading activities	1.549	(2.420)
90.	Net income from hedging	-	-
100.	Profit (loss) from the transfer or repurchase of:
	b) available-for-sale financial assets	1.638	5.005
120.	Earnings margin	30.007	30.937
130.	Net value adjustments/write-backs for the impairment of: receivables available-for-sale financial assets	(270)	(1.279)
		(585)	(209)
140.	Net income from financial operations	29.152	29.449
180.	Administrative expenses staff costs other administrative expenses Net value adjustments/write-backs on tangible assets Net value adjustments/write-backs on intangible assets Other operating income and expenses	(15.796)	(15.069)
(8.858)		(9.308)
200.		(264)	(232)
210.		(69)	(61)
220.		1.968	2.092
230.	Operating costs	(23.019)	(22.578)
240.	Profit (loss) from equity investments	148	91
280.	Profit (loss) from current operations before taxes	6.281	6.962
290.	Income tax on current operations	(1.121)	(1.409)
300.	Profit (loss) from current operations after taxes	5.160	5.553
320.	Profit (loss) for the period	5.160	5.553
330.	(Profit) loss for the period of minority interests	(1.140)	(1.417)
340.	Profit (loss) for the period of parent company	4.020	4.136