The Italian banking group’s net income during the first nine months of 2020 was its second highest in 12 years, although sales of its structured certificates were down 38% year-on-year.
The Italian global banking group posted an underlying net profit of €0.7 billion for Q3 2020, up 31.1% quarter-on-quarter (QoQ), as it is on track to meet its FY2020 target of over €0.8 billion.
Twenty-six products with estimated sale of £52m were added to the SRP UK database in October.
The French group has promoted from within as it puts a team in place to develop and deploy its strategic plan.
Sixteen structured products were added to the SRP Belgium database in October.
KBC has posted a net result of €697m for the third quarter of 2020, an increase of 14% from the prior year quarter, and up 232% from 2Q 2020.
Investor demand for yield-paying investments remains as high as ever with interest rates at near zero levels and equity markets in a very uncertain state.
UK based Fusion Asset Management is promoting structured products as another component of an active management investment toolbox.
The group’s third quarter 2020 activity recovered to its pre-crisis levels as it becomes the number one structured product issuer in France.