FinecoBank

Earnings Release • Sep 6, 2018

Informazione Regolamentata n. 1615-71-2018		Data/Ora Ricezione 06 Settembre 2018 16:23:07	MTA
Societa'	:	FINECOBANK
Identificativo Informazione Regolamentata	:	108145
Nome utilizzatore	:	FINECOBANKN01 - Spolini
Tipologia	:	REGEM
Data/Ora Ricezione	:	06 Settembre 2018 16:23:07
Data/Ora Inizio Diffusione presunta	:	06 Settembre 2018 16:23:08
Oggetto	:		PR TOTAL NET SALES AUGUST 2018
Testo del comunicato

Vedi allegato.

PRESS RELEASE

FinecoBank:

• Net sales since the beginning of the year: € 4,452 million (+15% y/y), of which 42% AuM
• Net sales in August 2018: € 357 million (-3% y/y net of clients' taxes)
• Guided products on AuM stock at 65% (+5 p.p. y/y)
• Total Financial Assets: € 70.4 billion (+9% y/y)
• Total Assets managed by Fineco Asset Management: € 8.6 billion, of which € 6.5 billion retail class
• Over 1,251,000 total customers (+7% y/y), of which 73,995 new customers acquired since the beginning of the year

Milan, September 6 th 2018

FinecoBank recorded total net sales of € 4,452 million since the beginning of 2018 (+15% y/y) with a mix in line with a more complex market environment compared to the previous year: Asset under Management totaled € 1,858 million, Asset under Custody amounted at € 1,326 million and direct depos totaled € 1,269 million.

Since the beginning of the year "Guided products & services" net sales amounted to € 1,862 million and the new Plus service is very appreciated by clients reaching € 2,299 million since its recent launch. Penetration rate of Guided Products increased at 65% on total AuM compared to 60% in August 2017 and to 63% in December 2017.

In August, net sales amounting to € 357 million: taxes paid by customers strongly affected direct deposits (€221 million, +€ 66 million y/y), mainly related to double tax deadline on income taxes and VAT. Net of taxes, in August net sales would result slightly lower compared to last year (-3% y/y).

Net sales in Asset under Management were at € 101 million, Asset under Custody totaled € 224 million and direct deposits amounted at € 32 million.

Since the beginning of the year net sales through the network of personal financial advisors reached € 3,990 million, +13% compared to last year.

Total Financial Assets were at € 70,409 million (+5% compared to December 2017 and +9% y/y).

Fineco Asset Management managed € 8.6 billion of assets, of which € 6.5 billion retail class and around € 2.1 billion institutional class as of August 31st , 2018.

Total number of customers exceeded 1,251,000 as of August 31st 2018, up 7% compared to the same period of 2017. Since the beginning of the year 73,995 new clients have been acquired of which 6,657 in August (-3% y/y).

Alessandro Foti, CEO and General Manager of FinecoBank, commented:

"In a month traditionally characterized by seasonality, total net sales in August have been very solid, confirming FinecoBank's diversified and well balanced business model.

Moreover, we point out that Fineco's 'one-stop-solution' approach is increasingly appreciated by our customers, who trust our Bank for managing all their financial needs".

figures in € million
TOTAL NET SALES	AUG	JAN - AUG	JAN - AUG
	2018	2018	2017
Assets under management	101.4	1,858.3	2,458.6
Assets under custody	223.6	1,324.6	569.4
Direct deposits	31.5	1,268.8	833.8
TOTAL NET SALES	356.5	4,451.7	3,861.7

figures in € million
PFA NETWORK NET SALES	AUG	JAN - AUG	JAN - AUG
	2018	2018	2017
Assets under management	102.8	1,859.8	2,442.1
Assets under custody	162.8	953.7	388.1
Direct deposits	55.8	1,176.7	700.8
TOTAL NET SALES PFA NETWORK	321.3	3,990.2	3,531.0

figures in € million

TOTAL FINANCIAL ASSETS	AUG	DEC	AUG
	2018	2017	2017
Assets under management	34,927.8	33,562.8	31,386.3
Assets under custody	14,271.6	13,681.1	13,808.2
Direct deposits	21,209.6	19,940.7	19,312.4
TOTAL FINANCIAL ASSETS	70,409.0	67,184.6	64,506.9

figures in € million

PFA NETWORK TFA	AUG	DEC	AUG
	2018	2017	2017
Assets under management	34,429.4	33,047.3	30,883.2
Assets under custody	10,629.8	10,157.1	10,231.0
Direct deposits	15,859.3	14,682.5	14,263.5
PFA NETWORK TFA	60,918.5	57,886.9	55,377.7

FinecoBank

FinecoBank is UniCredit Group's direct multichannel bank. It has one of the largest financial advisors' network in Italy*, and is the number one broker in Italy for equity trades in terms of volume of orders**. FinecoBank offers an integrated business model combining direct banking and financial advice, with a single free-of-charge account including banking, credit, trading and investment services, also available through applications for smartphone and tablet. With its fully integrated platform, FinecoBank is the benchmark for modern investors.

*Source: Assoreti

**Source: Assosim

Contacts: Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 3295 mediarelations@finecobank.com investors@finecobank.com

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

+39 335 390 334 Tommaso Filippi t.filippi@barabino.it +39 366 644 4093