The Italian bank’s profit for the first six months of 2019 was boosted by sales of structured products for retail investors, ‘in particular certificates’, with volumes doubling from the comparable six-month period.
Banca IMI has posted a consolidated profit of €710m in the first half of 2019, representing an increase of 64% on the €433m recorded in the comparable six-month period, and in respect of the €803m for the entire 2018 period. Growth in half-year 2019 was driven, among others, by good performances in proprietary securities investments and in the structuring of investment products for the retail segment, ‘in particular certificates,' according to the bank Placements of equity
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