FinecoBank S p A : Consolidated First Half Financial Report as at June 30, 2023

Consolidated Fist Half Financial Report

as at June 30, 2023

Contents

Board of Directors, Board of Statutory Auditors and External Auditors	5
Introduction to the Consolidated First Half Financial Report	7
Consolidated First Half Financial Report	9
Consolidated interim report on operations	9
Summary data	9
Business performance	24
FinecoBank shares	30
Results achieved in the main areas of activity	31
The network of personal financial advisors	36
Human resources	38
Technology infrastructure	43
Internal control system	45
Main risks and uncertainties	46
Organisational structure	47
Main balance sheet aggregates	50
Income statement figures	66
Results of the parent and the subsidiary	74
Related-Party Transactions	85
Subsequent events and outlook	87
Consolidated interim financial statements	89
Consolidated Balance Sheet	89
Consolidated Income Statement	91
Consolidated statement of comprehensive income	92
Statement of changes in consolidated shareholders' equity	93
Consolidated cash flow statement	94
Notes to the consolidated accounts	97
Part A - Accounting policies	97
Part B - Consolidated Balance Sheet	114
Part C - Consolidated Income Statement	146
Part E - Information on Risks and relating hedging policies	165
Part F - Consolidated shareholders' equity	202
Part H - Related-party transactions	205
Part L - Segment reporting	208
Part M - Leasing	209
Annexes	213
Certification of consolidated interim Financial Statements pursuant to article	81-ter of Consob regulation no. 11971 of May 14, 1999 and
subsequent amendments	217
Report of the External Auditors	219
Glossary	223

FinecoBank · Consolidated First Half Financial Report as at June 30, 2023 3