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Banca Generali — Earnings Release 2023
Sep 8, 2023
4184_rns_2023-09-08_80977fce-a824-4afa-94e6-dac6356ade3c.pdf
Earnings Release
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| Informazione Regolamentata n. 0856-47-2023 |
Data/Ora Inizio Diffusione 08 Settembre 2023 11:38:24 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | BANCA GENERALI | |
| Identificativo Informazione Regolamentata |
: | 180897 | |
| Nome utilizzatore | : | BCAGENERALIN04 - Zazzaro | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 08 Settembre 2023 11:38:23 | |
| Data/Ora Inizio Diffusione |
: | 08 Settembre 2023 11:38:24 | |
| Oggetto | : | 2023 | Banca Generali – PR Net Inflows August |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
Total net inflows at €247 million in August (€3,971 million YTD)
Net inflows of managed solutions and advanced advisory on administered assets at €213 million (€2,080 million YTD)
Milan, 8 September 2023 – Banca Generali's net inflows amounted to €247 million in August (+20% compared to August 2022), leading the YTD total to nearly €4.0 billion, up 5% compared to the same period of the previous year.
With regard to products, the excellent performance of managed solutions (€147 million in August, €882 million YTD) was driven by the strong demand for financial wrappers (€104 million in August, €464 million YTD) and in-house funds (€49 million in August, €433 million YTD), as both benefitted from the new lines launched over the past few months to exploit the rebound of stock and, particularly, bond markets.
Life insurance policies confirms the stabilisation trend seen in recent months, in view of the planned launch of new products in the fourth quarter, whereas administered assets (AuC and liquidity) remained strong (€201 million in August, €4.3 billion YTD), confirming the expected rebalancing of liquidity towards other forms of managed and administered assets.
With regards to net inflows quality, net inflows from managed solutions and advanced advisory on administered assets amounted to €213 million in August, totalling €2.08 billion YTD (+37% YOY).
Chief Executive Officer and General Manager Gian Maria Mossa stated: "Also the month of August confirmed higher growth rates than last year. Our bankers' attention to market dynamics and to supporting the clients never stopped during the peak holiday weeks, as shown by the strong net inflows from managed solutions and advanced advisory. Entrepreneurs' considerable interest in our exclusive wealth protection solutions, and the attention shown by many experienced bankers to the potential for development offered by our business allow us to look with confidence and optimism to the coming months."
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 408 26683
Investor Relations Giuliana Pagliari Tel: +39 02 408 26548
NET INFLOWS IN AUGUST 2023
PRESS RELEASE
| Million of Euros | Aug. 2023 |
Aug. 2022 |
Jan-Aug 2023 |
Jan-Aug 2022 |
|---|---|---|---|---|
| Mutual Funds and SICAVs | 46 | 58 | 362 | 528 |
| of which - In House Funds | 49 | 27 | 433 | 90 |
| of which - Third party Funds | -3 | 31 | -71 | 438 |
| Financial Wrappers | 104 | 34 | 464 | 434 |
| Insurance Wrappers | -3 | -41 | 56 | 250 |
| Managed Solutions | 147 | 51 | 882 | 1,212 |
| Traditional Life Insurance Policies | -101 | -46 | -1,179 | -344 |
| Managed Solutions and Life Insurance | 46 | 5 | -297 | 868 |
| Assets Under Custody | 405 | 93 | 5,949 | 1,665 |
| of which - Structured products | 76 | 29 | 688 | 477 |
| Liquidity | -204 | 108 | -1,681 | 1,264 |
| of which - Deposits | -182 | 3 | -1,873 | 984 |
| of which - Repo | -22 | 105 | 192 | 280 |
| Administered Assets | 201 | 201 | 4,268 | 2,929 |
| Total Net Inflows | 247 | 206 | 3,971 | 3,797 |
| Aug. | Aug. | Jan-Aug | Jan-Aug |
| Aug. 2023 |
Aug. 2022 |
Jan-Aug 2023 |
Jan-Aug 2022 |
|
|---|---|---|---|---|
| Advanced Advisory Net Inflows | 62 | 32 | 1,106 | 356 |
| of which Advanced Advisory on Administered Assets | 66 | 36 | 1,198 | 306 |
| Assets Under Advanced Advisory | - | - | 8,841 | 7,021 |
| Aug. 2023 |
Aug. 2022 |
Jan-Aug 2023 |
Jan-Aug 2022 |
|
|---|---|---|---|---|
| Managed Solutions + Advanced Advisory on Administered Assets | 213 | 87 | 2,080 | 1,518 |
| Investment Services (1) | 156 | 63 | 1,523 | 748 |
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 02 408 26683
Investor Relations Giuliana Pagliari Tel: +39 02 408 26548