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Banca Generali — Earnings Release 2019
Sep 5, 2019
4184_rns_2019-09-05_26a16773-db05-407c-b31f-fbeb58504074.pdf
Earnings Release
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| Informazione Regolamentata n. 0856-39-2019 |
Data/Ora Ricezione 05 Settembre 2019 17:40:39 |
MTA | |
|---|---|---|---|
| Societa' | : | BANCA GENERALI | |
| Identificativo Informazione Regolamentata |
: | 122306 | |
| Nome utilizzatore | : | BCAGENERALIN03 - Pastore | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 05 Settembre 2019 17:40:39 | |
| Data/Ora Inizio Diffusione presunta |
: | 05 Settembre 2019 17:40:40 | |
| Oggetto | : | PR: Net Inflows August 2019 | |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
Total net inflows amounted to €315 million in August (€3,467 million YTD)
Net inflows of managed products at €125 million (€1,681 million YTD)
Assets under Advisory at €4.3 billion (+€2.0 billion YTD)
Milan, 5 September 2019 – Banca Generali's net inflows amounted to €315 million in August, bringing the YTD total to €3.5 billion.
August net inflows increased compared to the same period of the previous year and remained in line with the significant figures reported in the previous month, confirming the quality of a product mix that meets clients' demand for protection and low volatility.
With regard to managed products, net inflows of the new Sicav LUX IM1 grew by €129 million, bringing its YTD total to €1.4 billion. Among AUC, newly issued certificates and securitisations totalled €56 million in the month and €684 million YTD.
Current account deposits rose sharply (€168 million) driven by the ongoing acquisition of new customers.
Assets under Advisory continued to show solid growth: assets amounted to €4.3 billion at the end of August, increasing by €2.0 billion YTD.
Chief Executive Officer and General Manager Gian Maria Mossa stated: "We reported a very solid result, also in light of the seasonality and the geopolitical uncertainties for the period. This confirmed once again that financial advisors' professionalism is the true key to success. Our diversified investment solutions, personalised service and our financial advisors' close relationships with households are further distinctive features that allow us to look toward the final part of the year with confidence."
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 40826683
Investor Relations Giuliana Pagliari Tel.: +39 02 408 26548
PRESS RELEASE
NET INFLOWS AND LIFE NEW BUSINESS IN AUGUST 2019
| Million of Euros | Aug 2019 | Jul 2019 | Abs. Chg |
|---|---|---|---|
| Mutual Funds of which LUX IM |
148 129 |
246 262 |
-98 -133 |
| Managed Portfolio | -44 | -13 | -31 |
| Mutual Funds and Managed Portfolio | 104 | 233 | -129 |
| Life Insurance of which: BG Stile Libero |
21 -1 |
133 46 |
-112 -47 |
| Managed Assets | 125 | 366 | -241 |
| Non Managed Assets of which: Securities, Structured products, Securitisations |
190 22 |
-52 -50 |
242 72 |
| Total | 315 | 314 | 1 |
| Jan - Aug 2019 | Jan - Aug 2018 | Abs. Chg | |
| Mutual Funds of which LUX IM |
900 1,412 |
708 352 |
192 1,060 |
| Managed Portfolio | -324 | 201 | -525 |
| Mutual Funds and Managed Portfolio | 576 | 909 | -333 |
| Life Insurance of which: BG Stile Libero |
1,105 221 |
1,126 822 |
-21 -601 |
| Managed Assets | 1,681 | 2,035 | -354 |
| Non Managed Assets of which: Securities, Structured products, Securitisations |
1,786 663 |
1,769 901 |
17 -238 |
| Total | 3,467 | 3,804 | -337 |
| Life New Business | Aug 2019 | Jul 2019 | Abs. Chg |
| Life New Business | 126 | 239 | -113 |
| Jan - Aug 2019 | Jan - Aug 2018 | Abs. Chg | |
| Life New Business | 2,058 | 1,985 | 73 |
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 40826683
Investor Relations Giuliana Pagliari Tel.: +39 02 408 26548
The Manager responsible for preparing the company's financial reports (Tommaso di Russo) 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. Tommaso di Russo (CFO of Banca Generali)