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Banca Mediolanum
Earnings Release • Aug 6, 2024
4204_er_2024-08-06_96f1f263-4444-48af-82a0-8f94d9a8eab6.pdf
Earnings Release
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| Informazione Regolamentata n. 1795-62-2024 |
Data/Ora Inizio Diffusione 6 Agosto 2024 10:00:48 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | BANCA MEDIOLANUM | |
| Identificativo Informazione Regolamentata |
: | 194446 | |
| Utenza - Referente | : | BCAMEDIOLANUMN07 - Lietti Angelo - 7LVZJ6XRIE7VNZ4UBX81 |
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| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 6 Agosto 2024 10:00:48 | |
| Data/Ora Inizio Diffusione | : | 6 Agosto 2024 10:00:48 | |
| Oggetto | : | Risultati commerciali del Gruppo Mediolanum (Versione Inglese) |
|
| Testo del comunicato |
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PRESS RELEASE
One billion euro in managed assets in July, the best month ever
Banca Mediolanum S.p.A. announces the business results for July 2024: € 1.03 billion, of which:
- Total net inflows: € 674 million, € 6.34 billion YTD
- Net inflows into managed assets: € 1 billion, € 4.09 billion YTD
- Loans granted: € 332 million, € 1.58 billion YTD
- General insurance premiums: € 20 million, € 113 million YTD
Massimo Doris, CEO of Banca Mediolanum, comments: "With one billion in managed assets inflows registered in July, we are celebrating our best result ever and reinforcing the excellent commercial performance of recent months, with over 4 billion euro since the beginning of the year. The promotional initiatives launched in the first part of 2024 to attract new administered assets have proven successful, and we are now seeing strong customer demand to reallocate the liquidity that gradually becomes available to managed assets products. This is the strength of the Banca Mediolanum model, which provides each customer with a professional who helps them navigate every market condition with the appropriate investment strategy and time horizon". Doris continues: "Mortgages and loans granted are also growing, thanks to our ongoing efforts to identify the best solutions for customers within the current interest rate environment, as well as customer acquisitions, which are progressing at a steady pace, with over 125,000 new customers in the first seven months".
Total business results for July 2024:
| € mn | July 2024 |
YTD 2024 |
YTD 2023 |
|---|---|---|---|
| TOTAL BUSINESS RESULTS OF THE GROUP | 1,026 | 8,034 | 7,230 |
| - Total Net Inflows |
674 | 6,336 | 5,167 |
| Net Inflows into Managed Assets | 1,004 | 4,094 | 2,333 |
| o/w Mutual Funds, U-L & Managed Accounts | 959 | 3,774 | 1,844 |
| Net Inflows into Administered Assets | (330) | 2,242 | 2,834 |
| - Total Loans Granted |
332 | 1,585 | 1,954 |
| - General Insurance Premiums |
20 | 113 | 108 |
Preliminary data subject to change
Basiglio - Milano 3 City, August 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.1795-62-2024 | Numero di Pagine: 3 |
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