BANCA PROFILO S.P.A. products, services and reviews

About BANCA PROFILO S.P.A.

Banca Profilo S.p.A. is an Italian bank founded in 1995 and based in Milan, focused on private banking, wealth management, investment services, and corporate advisory for entrepreneurs, families, and institutional clients, with an asset management arm, Profilo Asset Management SGR S.p.A. The bank offers discretionary and advisory portfolio management, securities custody and trading, fixed income and equity execution, FX and basic derivatives for hedging, and Lombard lending secured by financial assets; it also provides current accounts, cards, and payments primarily through its digital partnership with Tinaba, for which Banca Profilo supplies IBAN accounts, issuing, and SEPA capabilities. It is supervised by the Bank of Italy and CONSOB, operates under MiFID II and PSD2 frameworks with strong customer authentication and open-banking access for third-party providers, and is a member of the Interbank Deposit Protection Fund (Fondo Interbancario di Tutela dei Depositi), which covers eligible deposits up to €100,000 per depositor per bank under current rules; investor protection schemes and disclosure obligations (including KIDs/KIIDs) apply to investment products. Ownership is concentrated, with control held by Arepo BP S.p.A.; governance follows the Italian two-body system with a board of directors and a board of statutory auditors, and the group publishes annual, interim, and Pillar 3 reports on capital, liquidity, and risk. Pricing depends on service type: wealth mandates charge management and, where applicable, performance fees; brokerage involves commissions and spreads; accounts and cards follow the published fee schedule; and credit is priced over reference rates with collateral requirements and margining. Onboarding and service use are subject to KYC/AML checks, suitability and appropriateness assessments for investments, and contractual documentation; private banking typically targets clients with significant investable assets, while retail access to payments is available via the Tinaba app. The distribution model relies on relationship managers and digital channels rather than a large branch network, and complaints follow the bank’s internal process with possible escalation to the Arbitro Bancario Finanziario (ABF) for banking services or the Arbitro per le Controversie Finanziarie (ACF) at CONSOB for investment disputes. Prospective clients should consider the specialized scope of services, the risks inherent to market-based products, and the standard regulatory protections and limitations that apply in Italy.