FinecoBank

Regulatory Filings • Aug 4, 2023

Informazione Regolamentata n. 1615-64-2023		Data/Ora Inizio Diffusione 04 Agosto 2023 09:53:50	Euronext Milan
Societa'	:	FINECOBANK
Identificativo Informazione Regolamentata	:	180084
Nome utilizzatore	:	FINECOBANKN02 - Spolini
Tipologia	:	REGEM
Data/Ora Ricezione	:	04 Agosto 2023 09:53:47
Data/Ora Inizio Diffusione	:	04 Agosto 2023 09:53:50
Oggetto	:	2023	FINECOBANK_TOTAL NET SALES JULY
Testo del comunicato

Vedi allegato.

PRESS RELEASE

TOTAL NET SALES IN JULY NEAR € 500 MILLION FAM, ASSETS CLOSE TO € 30 BILLION. NEW CLIENTS IN ACCELERATION

• July net sales at € 486 million. Asset under Management at € 36 million
• Net Sales YTD at € 5.7 billion. Asset under Management at € 2 billion
• FAM: retail net sales at € 122 million, assets at € 29.9 billion
• Brokerage: estimated revenues in July at € 14 million

Milan, August 4 th , 2023

Total net sales in July stood at € 486 million, in line with the estimates previously communicated along with the 1H23 results and highlighting that the Bank's growth path is again confirmed. Asset mix sees positive deposits at € 199 million, despite the strong increase in taxes paid by customers compared to last year: about € 260 million more than July 2022, due to the anticipation of the deadline set in August last year. Asset Under Custody net sales were equal to € 251 million, while Asset Under Management were € 36 million, supported by Fineco Asset Management retail sales (€ 122 million) confirming its ability to catch outflows coming from insurance products (€ -165 million).

Estimated brokerage revenues equalled to around € 14 million in July: more than 35% higher than the average July in 2017/19. Since the beginning of the year, estimated revenues reached around € 110 million.

figures in € million

TOTAL NET SALES	JUL 2023	JUL 2022	JAN-JUL '23	JAN-JUL '22
Assets under management	36.0	337.1	1,982.2	2,038.8
Assets under custody	250.7	320.4	5,568.0	3,231.8
o/w Third party deposit current accounts	19.6	8.5	222.3	60.5
Direct deposits	199.2	330.5	-1,860.5	1,353.6
TOTAL NET SALES	485.9	988.0	5,689.7	6,624.2
TOTAL FINANCIAL ASSETS	JUL 2023	DEC 2022	JUL 2022
Assets under management	56,468.3	52,072.6	52,952.6
Assets under custody	32,553.5	23,915.4	22,699.4
o/w Third party deposit current accounts	583.5	361.2	152.0
Direct deposits	28,709.3	30,569.9	30,848.9
TOTAL FINANCIAL ASSETS	117,731.1	106,557.9	106,500.9

FAM, retail net sales at € 122 million, TFA at € 29.9 billion

In July, Fineco Asset Management retail net sales amounted to € 122 million, thanks in particular to the strong interest by clients for the new solutions with a cautious approach, characterized by a strong protection. Since the beginning of the year, retail net sales were equal to € 2.5 billion and institutional net sales were € 77 million (of which € 175 million in July) leading FAM assets as of July 31 st, 2023 at € 29.9 billion, of which € 19 billion retail class (+22% y/y) and € 10.9 billion institutional class(+3% y/y). The penetration rate of FAM retail classes on the Bank's Asset Under Management reached 33.6% compared to 29.3% in July 2022.

In July more than 8,500 new clients

In July, 8,501 new clients were acquired (+23% y/y), bringing new clients since the beginning of the year at 68,592 (+25% y/y). Figures confirm the improvement of the client base, more interested in investing, and the increase in average Total Financial Assets of new current accounts. Total number of clients reached 1,529,436 as of July 31 st, 2023, increasing by 4.9% y/y.

Total Financial Assets above € 117 billion, Private Banking near € 53 billion

Total Financial Assets were equal to € 117.7 billion, +11% compared to € 106.5 billion in July 2022. In particular, TFA related to Private Banking were at € 52.9 billion compared to € 46 billion of the previous year (+15% y/y).

figures in € million

PFA NETWORK NET SALES	JUL 2023	JUL 2022	JAN-JUL '23	JAN-JUL '22
Assets under management	37.5	336.1	1,984.1	2,046.8
Assets under custody	223.4	242.9	4,221.8	2,333.2
o/w Third party deposit current accounts	12.4	2.8	137.0	24.2
Direct deposits	115.3	252.3	-1,555.3	1,386.5
TOTAL NET SALES	376.3	831.2	4,650.5	5,766.6
PFA NETWORK TFA	JUL 2023	DEC 2022	JUL 2022
Assets under management	55,992.7	51,622.6	52,477.3
Assets under custody	24,303.8	17,712.8	16,797.2
o/w Third party deposit current accounts	313.9	176.9	68.8
Direct deposits	22,321.5	23,876.8	24,075.8
TOTAL FINANCIAL ASSETS	102,618.0	93,212.2	93,350.3

Contacts:

Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 3736/2358 mediarelations@finecobank.com investors@finecobank.com

Barabino & Partners Tel. +39 02 72023535 Emma Ascani e.ascani@barabino.it +39 335 390 334