Mediolanum closes September with record collections, surpassing 9.52 billion
Managed savings grow by 10% year-on-year to 7.24 billion, driven by recurring components and Family Banker advice for pensions.
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Italian retail bank and financial services provider
bancamediolanum.itLast updated
In short: Mediolanum reported record nine-month inflows and 16% first-half profit growth.
Managed savings grow by 10% year-on-year to 7.24 billion, driven by recurring components and Family Banker advice for pensions.
Net wealth management savings reached €675 million in the month, while annual new loans disbursed totaled €3.16 billion by September.
The bank announces the best month in history for net collections, driven by an increase in managed savings and the strength of investment, credit, and protection areas.
Monthly inflows amounted to 1.27 billion, the best ever; since the beginning of the year 5.47 billion. Mortgages and loans for 453 million and protection premiums for 27 million.
After a positive August, investors fear that the increase in government bond yields could slow down collections ...
For Foti's bank the managed component more than doubled to 403 million, with Fineco Asset Management's retail part at 136...
Doris: 'Best month ever for managed net inflows' (Il Sole 24 Ore Radiocor) - Milan, 06 Aug - Banca Mediolanum has ...
In the six months, approximately 110 thousand new clients were acquired and the group's Family Bankers increased by 5% since the beginning of the year...
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