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Banca Generali — Earnings Release 2017
Jan 8, 2018
4184_rns_2018-01-08_79d70aca-51f1-4766-aef7-f075dcc3b00f.pdf
Earnings Release
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| Informazione Regolamentata n. 0856-2-2018 |
Data/Ora Ricezione 08 Gennaio 2018 12:05:36 |
MTA | |
|---|---|---|---|
| Societa' | : | BANCA GENERALI | |
| Identificativo Informazione Regolamentata |
: | 97749 | |
| Nome utilizzatore | : | BCAGENERALIN02 - Seghizzi | |
| Tipologia | : | 2.2 | |
| Data/Ora Ricezione | : | 08 Gennaio 2018 12:05:36 | |
| Data/Ora Inizio Diffusione presunta |
: | 08 Gennaio 2018 12:05:37 | |
| Oggetto | : | PR: Net Inflows December 2017 | |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
2017 net inflows at €6.87 billion (December: €634 million)
Net inflows of managed products at €6.0 billion (December: €407 million)
Milan, 8 January 2018 – In 2017 Banca Generali recorded the best ever net inflows result, with a 21% YoY growth to €6.87 billion. December was one of the most dynamic months of the year, with €634 million net inflows.
Net inflows of managed products grew sharply by 50% to €6.0 billion, including €407 million recorded in December 2017. The innovative financial and insurance 'wrapper' products were very successful also in December, as in the rest of the year: net inflows amounted to €289 million, bringing the 12-month total to €4.4 billion and accounting for 74% of overall net inflows of managed products.
Funds and Sicavs enjoyed another positive month, attracting inflows of €174 million, for a total of more than €1.9 billion for the year.
Chief Executive Officer Gian Maria Mossa stated: "The bank reported a very satisfactory result in terms of both the quantity and quality of net inflows. We considerably improved on the record net inflows achieved in 2016, driven by our main strength: custom advisory services that include asset management solutions to protect and tend to our customers' wealth. Our innovative wrapper products and the versatility of our platform — open to the world's top asset managers — enable us to continue to introduce households to the opportunities provided by bespoke private banking services. Our constant dedication to honing our professionals' skills and developing the tools at their disposal makes us confident in our ability to best face the new challenges posed by the industry in 2018."
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 6076 5683
Investor Relations Giuliana Pagliari Tel: +39 02 6076 5548
PRESS RELEASE
NET INFLOWS AND LIFE NEW BUSINESS IN DECEMBER 2017
| Million of Euros | Dec 2017 | Nov 2017 | Abs. Chg |
|---|---|---|---|
| Mutual Funds | 174 | 211 | -37 |
| Managed Portfolio | 79 | 176 | -97 |
| Mutual Funds and Managed Portfolio | 253 | 387 | -134 |
| Life Insurance | 154 | 111 | 43 |
| of which BG STILE LIBERO | 140 | 8 5 |
5 5 |
| Managed Assets | 407 | 498 | -91 |
| Non Managed Assets of which: Securities |
227 50 |
22 -62 |
205 112 |
| Total | 634 | 520 | 114 |
| Jan-Dec 2017 | Jan-Dec 2016 | Abs. Chg | |
| Mutual Funds | 1,906 | 198 | 1,708 |
| Managed Portfolio | 2,289 | 1,020 | 1,269 |
| Mutual Funds and Managed Portfolio | 4,195 | 1,218 | 2,977 |
| Life Insurance | 1,770 | 2,749 | -979 |
| of which BG STILE LIBERO | 1,546 | 1,285 | 261 |
| Managed Assets | 5,965 | 3,967 | 1,998 |
| Non Managed Assets of which: Securities |
901 216 |
1,710 -1 |
-809 217 |
| Total | 6,866 | 5,677 | 1,189 |
| Life New Business | |||
| Dec 2017 | Nov 2017 | Abs. Chg | |
| Life New Business | 206 | 286 | -80 |
| Jan-Dec 2017 | Jan-Dec 2016 | Abs. Chg | |
Michele Seghizzi Tel. +39 02 6076 5683
www.bancagenerali.com
CONTACTS:
Media Relations
Investor Relations Giuliana Pagliari Tel: +39 02 6076 5548