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Banca Generali — Earnings Release 2021
Jul 7, 2021
4184_rns_2021-07-07_3e69c042-358e-4476-89ef-c73b3761fa45.pdf
Earnings Release
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| Informazione Regolamentata n. 0856-40-2021 |
Data/Ora Ricezione 07 Luglio 2021 11:33:16 |
MTA | ||
|---|---|---|---|---|
| Societa' | : | BANCA GENERALI | ||
| Identificativo Informazione Regolamentata |
: | 149681 | ||
| Nome utilizzatore | : | BCAGENERALIN03 - Pastore | ||
| Tipologia | : | REGEM | ||
| Data/Ora Ricezione | : | 07 Luglio 2021 11:33:16 | ||
| Data/Ora Inizio Diffusione presunta |
: | 07 Luglio 2021 11:33:17 | ||
| Oggetto | : | PR: net inflows Banca Generali june 2021 | ||
| Testo del comunicato |
Net inflows at € 729 at june. With this result, the Bank has already reached the net inflows target set
out in its 2019-2021 three-year strategic plan, of a total of €14.5 billion for the thre e -year
period.
PRESS RELEASE
Total net inflows at €729 million in June (€3.8 billion YTD)
Net inflows of managed solutions at €540 million (€2.5 billion YTD)
Assets under Advisory at €106 million (Total AuA1 at €6.8 billion)
Milan, 7 July 2021 – Net inflow s accelerated sharply in June, both in quantitative and qualitative terms. Total net inflow s reached €729 million in the month (+43% YoY), for an YTD total of €3.8 billion (+35% YoY). With this result, the Bank has already reached the net inflows target set out in its 2019-2021 three-year strategic plan, of a total of €14.5 billion for the three-year period.
Net inflow s w ere yet again driven by managed solutions, w hich grew by 56% to €540 million and by 105% YTD, totalling €2.5 billion in 2021. Among products, investment w rappers continued to be highly successful, as confirmed by the net inflow s recorded by insurance w rappers, w hich more than doubled in the month and in the year (€707 million; +98% YoY), and financial w rappers, w hich rose by €75 million in June to a total of €360 million YTD. Retail funds/Sicavs also performed very w ell (€310 million in June; €1.4 billion YTD), despite expectations for the launch in late July of the new Lux IM offer, w ith the introduction of new strategies and innovative management solutions.
AUC products w ere driven by the increase in current accounts (€324 million in June; €1.1 billion YTD) that is expected to be temporary and linked to the acquisition of new clients.
Assets under Advisory continued to be in high demand, w ith €106 million new AuA in June (€815 million YTD), reaching a total of €6.8 billion (+33% YoY).
Chief Executive Officer and General Manager Gian Maria Mossa stated: "This was yet another very strong month for our Bank, which closed the first half of the year with record figures for the existing structure, in terms of both quantity and quality of net inflows. Our bankers' strength in supporting households by building solutions tailored to their life goals is fully matched by our versatile and comprehensive range of products and services. Thematic investments and advanced advisory services remain hallmarks of our range, and the addition in a few weeks of a number of exclusive funds will further expand our commercial line-up in this direction. The team continues to grow by adding both experienced professionals and new recruits who embrace the pursuit of growth based on quality of service, innovation and sustainability. In an environment of caution due to the peak levels reached by the markets and the complexity of some investments, we regard the prospects for our net inflows performance in the second half of the year with confidence."
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 40826683
Inv estor Relations Giuliana Pagliari Tel.: +39 02 40826548
NET INFLOWS AND LIFE NEW BUSINESS - JUNE 2021
PRESS RELEASE
| Million of Euros | Jun 2021 |
Jun 2020 |
Jan-Jun 2021 |
Jan-Jun 2020 |
|---|---|---|---|---|
| Mutual Funds and SICAVs | 310 | 203 | 1,426 | 924 |
| of which LUX IM | 108 | 121 | 707 | 1,067 |
| Financial Wrappers | 75 | 62 | 360 | -67 |
| Insurance Wrappers | 155 | 82 | 707 | 357 |
| Managed Solutions | 540 | 347 | 2,493 | 1,214 |
| Traditional life Insurance policies | -102 | 144 | -473 | 153 |
| Managed solutions and life insurance | 438 | 491 | 2,020 | 1,367 |
| Assets Under Custody | -33 | 60 | 653 | 1,190 |
| of which: Structured products, Securitisations | 96 | 87 | 498 | 556 |
| Deposits | 324 | -42 | 1122 | 259 |
| AuC products and current accounts | 291 | 18 | 1,775 | 1,449 |
| Total Net Inflows | 729 | 509 | 3,795 | 2,816 |
| Jun | Jun | S.I. to | S.I. to | |
| 2021 | 2020 | Jun 2021 | Jun 2020 | |
| Assets Under Advanced Advisory | 106 | 206 | 6,831 | 5,120 |
| Jun 2021 |
Jun 2020 |
Jan-Jun 2021 |
Jan-Jun 2020 |
|
| Life New Business | 411 | 364 | 2,165 | 1,201 |
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)
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 40826683
Inv estor Relations Giuliana Pagliari Tel.: +39 02 40826548