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Banca Mediolanum
Earnings Release • Sep 6, 2024
4204_er_2024-09-06_d1bb228e-693d-44a9-b4d9-d30fa0f0a26a.pdf
Earnings Release
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| Informazione Regolamentata n. 1795-73-2024 |
Data/Ora Inizio Diffusione 6 Settembre 2024 11:23:16 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | BANCA MEDIOLANUM | |
| Identificativo Informazione Regolamentata |
: | 195253 | |
| Utenza - Referente | : | BCAMEDIOLANUMN07 - Lietti Angelo - 7LVZJ6XRIE7VNZ4UBX81 |
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| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 6 Settembre 2024 11:23:16 | |
| Data/Ora Inizio Diffusione | : | 6 Settembre 2024 11:23:16 | |
| Oggetto | : | Risultati commerciali del Gruppo Mediolanum (Versione in Inglese) |
|
| Testo del comunicato |
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PRESS RELEASE
August, another record month with 753 million in managed assets
Banca Mediolanum S.p.A. announces the business results for August 2024: € 665 million, of which:
- Total net inflows: € 486 million, € 6.82 billion YTD
- Net inflows into managed assets: € 753 million, € 4.85 billion YTD
- Loans granted: € 166 million, € 1.75 billion YTD
- General insurance premiums: € 14 million, € 126 million YTD
Massimo Doris, CEO of Banca Mediolanum, comments: "The commercial performance continues to be extremely robust, with net inflows into managed assets of 753 million euro, marking our best August ever. I am extremely satisfied with this result, also considering the lower volumes typically seen in the summer months and the significant volatility that occurred in August. In these first 8 months of 2024, we reached the notable level of nearly 5 billion, reflecting the great confidence customers have in our bank and the quality advice of our Family Bankers, combined with favorable market conditions that support the demand for managed assets solutions. As we move into September with total net inflows of 6.9 billion, we are implementing new initiatives to further increase our market share. We've launched a new campaign to attract new customers and new liquidity, which will run through the end of October. This campaign offers a 5% gross annual rate on 6-month time deposits, presenting very attractive conditions in the current interest rate environment".
Total business results for August 2024:
| € mn | August 2024 |
YTD 2024 |
YTD 2023 |
|---|---|---|---|
| TOTAL BUSINESS RESULTS OF THE GROUP | 665 | 8,699 | 7,616 |
| - Total Net Inflows |
486 | 6,822 | 5,391 |
| Net Inflows into Managed Assets | 753 | 4,847 | 2,701 |
| o/w Mutual Funds, U-L & Managed Accounts | 721 | 4,495 | 2,123 |
| Net Inflows into Administered Assets | (268) | 1,975 | 2,690 |
| - Total Loans Granted |
166 | 1,751 | 2,104 |
| - General Insurance Premiums |
14 | 126 | 120 |
Preliminary data subject to change
Basiglio - Milano 3 City, Sept. 6, 2024
Contacts: Media & Public Relations Investor Relations Roberto De AgostiniAlessandra Lanzone Tel +39 02 9049 2100 Tel +39 02 9049 2039 Mob +39 348 8100 802 Mob +39 335 5684 808 e-mail: [email protected] e-mail: [email protected]
The Officer responsible for preparing Banca Mediolanum S.p.A accounting documents, Angelo Lietti declares that, in compliance with the requirements of the second paragraph of section 154 bis of the Consolidated Finance Act, the financial information contained herein reflects the accounting entries, records and books. Preliminary data subject to change.
| Fine Comunicato n.1795-73-2024 | Numero di Pagine: 3 |
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