FINECOBANK BANCA FINECO S.P.A. (IN BREVE FINECOBANK S.P.A. OVVERO BANCA FINECO S.P.A. OVVERO FINECO BANCA S.P.A.)

FINECOBANK BANCA FINECO S.P.A. (in breve FinecoBank S.p.A., Banca Fineco S.p.A., Fineco Banca S.p.A.) is an Italian multi-channel bank that combines a direct digital platform with a nationwide network of tied Personal Financial Advisors, offering retail and affluent clients current accounts, cards and payments, investment services (mutual funds, ETFs, bonds, advisory and discretionary mandates), and a broad brokerage capability across major markets; lending is present through personal loans and mortgages, including products distributed via partners. The bank was part of UniCredit until its initial public offering in 2014; UniCredit completed its exit in 2019. FinecoBank is headquartered in Italy and its shares trade on Euronext Milan; it is included in Italy’s large-cap equity indices. The institution is supervised by the Bank of Italy and CONSOB for banking and investment services and, for cross-border activities, applies MiFID II conduct and transparency rules; it also operates a UK branch subject to UK regulatory oversight, noting that the scope of UK protections differs from those applicable to UK-incorporated firms. Deposits are covered by the Italian Interbank Deposit Protection Fund (FITD) up to the statutory limit per depositor; for the UK branch, deposit protection is provided by the Italian scheme rather than the UK FSCS. Revenue is primarily driven by net interest income on customer deposits and securities, and by fees and commissions from brokerage and investment services; earnings are sensitive to interest-rate cycles, market volumes and volatility, and client risk appetite. Key risks disclosed in public reports include credit and concentration risk (mitigated by a relatively limited loan book compared with deposits), market and interest-rate risk, operational and cyber risk given the reliance on digital infrastructure, conduct and advisory risk within the tied-agent network, and regulatory change across jurisdictions. The bank publishes audited annual and interim financial statements, Pillar 3 disclosures, and regulatory capital and liquidity ratios; management reports indicate compliance with applicable prudential requirements. Pricing for banking, trading and advisory services is set out in official fee schedules and includes instrument-based commissions, spreads and, where applicable, platform or custody charges, as well as currency conversion costs for multi-market trading.