FinecoBank

Earnings Release • Mar 7, 2017

Informazione Regolamentata n. 1615-28-2017		Data/Ora Ricezione 07 Marzo 2017 10:50:22	MTA
Societa'	:	FINECOBANK
Identificativo Informazione Regolamentata	:	85862
Nome utilizzatore	:	FINECOBANKN01 - Spolini
Tipologia	:	IRAG 10
Data/Ora Ricezione	:	07 Marzo 2017 10:50:22
Data/Ora Inizio Diffusione presunta	:	07 Marzo 2017 11:05:22
Oggetto	:	2017	FinecoBank PR Total Net Sales February
Testo del comunicato

Vedi allegato.

PRESS RELEASE

FinecoBank:

• February 2017 net sales: € 458 million with continuous improvement in the asset mix (€362 million Guided Products & Services, € 311 million AuM)
• Net sales since the beginning of the year: € 723 million, of which Guided Products net sales: € 548 million, 8.5x y/y. Guided products on AuM stock at 58% (+12 p.p. y/y)
• Over 1,134,000 total customers, +6% y/y (of which 21,431 new customers acquired in 2017)

Milan, March 7th 2017

In February, net sales amounted at € 458 million (-11% y/y), with a continuous improvement in the asset mix with respect to previous year, as highlighted last month. In February Asset under Management totaled € 311.0 million, Asset under Custody were € 294.4 million and direct deposits -€ 147.5 million.

FinecoBank recorded total net sales of € 723 million since the beginning of 2016 (-29% y/y), of which Asset under Management (€ 693 million y/y), Asset under Custody € 579 million, while direct depos -€ 301 million. The growth of "Guided products & services" continues: since the beginning of the year, their net sales amounted to € 548 million (+ € 490 million y/y), of which € 362 during the month of February (2.7x y/y). The penetration rate increased at 58% on total AuM compared to 46% in February 2016 and 56% in December 2016.

Since the beginning of the year net sales through the network of personal financial advisors totaled € 676 million, -21% compared to last year.

In terms of customers' acquisition, since the beginning of the year 21,431 new clients have been acquired (of which 9,592 in February). Total number of customers was over 1,134,000 as of February 28th 2017, up 6% compared to February 2016.

Total Financial Assets were at € 61,085 million (respectively +1.5% and +13.5% compared to December and February 2016).

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

"The monthly figures confirm once again the long term sustainability of a business model based on an organic growth and a relationship with customers built on transparency and fair pricing. Moreover, February results show a further acceleration of inflows towards our advanced advisory services, in line with the Bank's focus on the quality of its net sales mix. Those results underline the ability of our Network of Personal Financial Advisors to better manage our customers' savings, taking advantage of tools available within our cyborg advisory model".

figures in € million

	FEBRUARY	JAN - FEB	JAN - FEB
TOTAL NET SALES	2017	2017	2016
Assets under management	311.02	445.14	-247.69
Assets under custody	294.37	579.13	687.09
Direct deposits	-147.55	-301.07	574.90
TOTAL NET SALES	457.84	723.20	1,014.30

figures in € million

PFA NETWORK NET SALES	FEBRUARY	JAN - FEB	JAN - FEB
	2017	2017	2016
Assets under management	308.43	438.84	-231.13
Assets under custody	216.47	408.41	498.78
Direct deposits	-123.38	-170.78	593.87
TOTAL NET SALES PFA NETWORK	401.53	676.47	861.52

figures in € million

	FEBRUARY	DECEMBER	FEBRUARY
TOTAL FINANCIAL ASSETS	2017	2016	2016
Assets under management	29,222.35	28,607.92	24,887.59
Assets under custody	13,673.44	13,077.69	12,734.50
Direct deposits	18,189.08	18,509.50	16,206.29
TOTAL FINANCIAL ASSETS	61,084.88	60,195.11	53,828.38

figures in € million

PFA NETWORK TFA	FEBRUARY	DECEMBER	FEBRUARY
	2017	2016	2016
Assets under management	28,710.56	28,105.21	24,410.61
Assets under custody	10,168.08	9,736.10	9,408.51
Direct deposits	13,403.11	13,593.01	11,933.03
PFA NETWORK TFA	52,281.76	51,434.32	45,752.15

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

Contatti:

Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 335 580 5703 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