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Banca Generali — Earnings Release 2015
Jul 1, 2015
4184_rns_2015-07-01_0627661b-2978-46e0-97b6-a44af960d754.pdf
Earnings Release
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| Informazione Regolamentata n. 0856-44-2015 |
Data/Ora Ricezione 01 Luglio 2015 12:40:10 |
MTA | |
|---|---|---|---|
| Societa' | : | BANCA GENERALI | |
| Identificativo Informazione Regolamentata |
: | 60414 | |
| Nome utilizzatore | : | BCAGENERALIN01 - Maggiolini | |
| Tipologia | : | IRAG 10 | |
| Data/Ora Ricezione | : | 01 Luglio 2015 12:40:10 | |
| Data/Ora Inizio Diffusione presunta |
: | 01 Luglio 2015 12:55:11 | |
| Oggetto | : | PR: Inflows June 2015 | |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
Total net inflows at €354 million in June (€2,236 million YTD)
Net inflows in managed products at €266 million in June (€2,030 million YTD)
Milan, 1 July 2015 – Banca Generali's total net inflows in June amounted to €354 million, of which €147 million gathered by the Banca Generali network (€1,280 million YTD) and €207 million gathered by Banca Generali Private Banking (€956 million YTD).
This result reflects the investors' high demand for financial advice in a context of growing market volatility and destabilization. The figure is even more significant when considering that it is entirely composed of direct net inflows gathered by Banca Generali's financial advisors and private bankers, without the contribution of institutional assets or net inflows of the online channel.
Stock market tensions are heightening the need for investment diversification that can be fully met by the bank's versatile and high-quality range of products. The increase in net inflows of managed products, which totalled €266 million in June, testifies to this trend. In detail, BG Stile Libero continued to meet with great success. The multi-line policy stands out for its combination of capital protection through segregated accounts, diversification through leading International management firms and sound insurance coverage. BG Stile Libero net inflows in June were €225 million (€1,435 million YTD). Demand for funds/SICAVs also continued to grow, totalling €64 million in June.
The CEO of Banca Generali, Piermario Motta, commented: "In June, households continued to show great appreciation for the ability of our high-quality solutions and our professional financial advisors and private bankers to successfully meet their needs. The uncertainties and volatility of the past few weeks further heightened investors' demand for our financial advisors' diversification and portfolio advisory services. The strong attention from our clients and industry's high-standing professionals allows us to look with confidence towards the achievement of important objectives."
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 6076 5683
Investor Relations Giuliana Pagliari Tel. +39 02 6076 5548
PRESS RELEASE
A) NET INFLOWS AND LIFE NEW BUSINESS IN JUNE 2015
| Million of Euros | Jun 2015 | May 2015 | Abs. Chg |
|---|---|---|---|
| Mutual Funds | 64 | 97 | -33 |
| Managed Portfolio | 3 | -102 | 105 |
| Mutual Funds and Managed Portfolio | 67 | -5 | 72 |
| Life Insurance | 199 | 306 | -107 |
| of which BG STILE LIBERO | 225 | 263 | -38 |
| Managed Assets | 266 | 301 | -35 |
| Non Managed Assets | 88 | 134 | -46 |
| of which: Securities | -5 | -44 | 39 |
| Total | 354 | 435 | -81 |
| Jan-Jun 2015 | Jan-Jun 2014 | Abs. Chg | |
| Mutual Funds | 591 | 512 | 79 |
| Managed Portfolio | -130 | 163 | -293 |
| Mutual Funds and Managed Portfolio | 461 | 675 | -214 |
| Life Insurance | 1,569 | 1,385 | 184 |
| of which BG STILE LIBERO | 1,435 | 696 | 739 |
| Managed Assets | 2,030 | 2,060 | -30 |
| Non Managed Assets | 206 | 255 | -49 |
| of which: Securities | -339 | -263 | -76 |
| Total | 2,236 | 2,315 | -79 |
| Life New Business | |||
| Jun 2015 | May 2015 | Abs. Chg | |
| Life New Business | 345 | 374 | -29 |
| Jan-Jun 2015 | Jan-Jun 2014 | Abs. Chg | |
| Life New Business | 2,264 | 1,637 | 627 |
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 6076 5683
Investor Relations Giuliana Pagliari Tel. +39 02 6076 5548
The Manager responsible for preparing the company's financial reports (Stefano Grassi) declares, pursuant to Paragraph 2 of Art. 154-bis of the Italian Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, books and accounting records.