The coronavirus pummelled shares of most banks as it ripped through economies world-wide in the first half of the year. But one European lender that specialises in investment advice and eschews a traditional branch network has flourished.

Shares of Milan-headquartered FinecoBank have soared 24% this year, making it one of the best performers in the Stoxx Europe 600 Banks Index. It is one of just four constituents that has risen in value this year as the broad index slumped 32%.