Fineco: update on the 2029 plan on 10 February; growth expected in 2026 and 2027
Payout ratio indicated in the 70–80 per cent range
(Il Sole 24 Ore Radiocor) - Fineco has announced that an update to the 2029 Plan will be provided on 10 February 2027. Meanwhile, the company has reaffirmed its year-end forecasts, namely that the net interest margin is expected to show solid growth thanks to a combination of positive deposit inflows
and higher market interest rates. Solid revenue growth is expected in the Investing segment, driven by a combination of deposit inflows and an improved product mix. Another record year is anticipated for the Brokerage segment. In the Banking segment, commission income is expected to rise. Operating costs are expected to rise by around 5 per cent, excluding approximately 15 million in additional costs for growth initiatives and around one million in set-up costs for the pan-European platform. The cost-to-income ratio is forecast to be in the 26–27 per cent range. The payout ratio is expected to be in the 70–80 per cent range, with the aim of maintaining the leverage ratio above 4.5 per cent. 2026 will be a record year for new customers. As for 2027, the company forecasts solid growth in the net interest margin thanks to a favourable combination of improved reinvestment rates for maturing bonds, higher market rates and deposit inflows. Investing is expected to rise, with solid revenue growth driven by a combination of new business and an improved product mix. Brokerage is expected to perform strongly, driven by an increase in assets under management and active investors, whilst Banking is expected to see growth in commission income. The payout ratio is expected to be in the 70–80 per cent range, with the aim of maintaining the leverage ratio above 4.5 per cent. Deposit inflows and new customers are expected to show a strong commercial trend.
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