BANCA GENERALI S.P.A. PRESS RELEASE
CONTACTS:www.bancagenerali.com
Media Relations
Michele Seghizzi
Tel. +39 02 6076 5683
michele.seghizzi@bancagenerali
.it
Investor Relations
Giuliana Pagliari
Tel. +39 02 6076 5548
giuliana.pagliari@bancagenerali. it
Total net inflows in August at €217 million
(€2,794 million YTD)
Net inflows in managed products at €191 million in August (€2,568 million YTD)
Milan, 1 September 2015 - Total net inflows in August amounted to €217 million, of which €114 million gathered by Banca Generali's Financial Planner network (€1,610 million YTD) and €103 million gathered by Banca Generali Private Banking (€1,184 million YTD).
In a month characterised by the traditional holiday period, net inflows continued to be very high, thanks to the professionals' attentions towards households' needs and market trends. The extraordinary volatility of the past few weeks has heightened demand for advisory and diversification aimed at protecting investments.
In this regard, August also saw continued demand for managed solutions able to actively respond to different market trends. BG Stile Libero continued to be one of the most successful solutions, with net inflows of €125 million in August (€1,773 million YTD). The multi-line policy is particularly appreciated for its flexible combination of investments in funds and SICAVs of leading international asset management firms, with segregated accounts and exclusive insurance coverage.
Direct net inflows in funds and SICAVs totalled €104 million (€773 million YTD).
The CEO of Banca Generali, Piermario Motta, commented: "Our monthly growth has not been halted by variables such as stock market instability and summer holidays, thanks to our professionals' experience and our versatile, high-quality products and services. Our focus on financial planning and portfolio protection favours accurate diversification based on the careful evaluation of the opportunities offered by stock markets and individual asset classes. The customers' growing appreciation towards our services and the Bank's determination to develop its pool of high-standing professionals allow us to look to the coming months with great confidence".
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PRESS RELEASE
A) NET INFLOWS AND LIFE NEW BUSINESS IN AUGUST 2015Million of Euros Aug 2015 Jul 2015 Abs. Chg
Mutual Funds 104 38 66
Managed Portfolio -64 32 -96
Mutual Funds and Managed Portfolio 40 70 -30
Life Insurance 151 277 -126
of which BG STILE LIBERO 125 213 -88
Managed Assets 191 347 -156
Non Managed Assets 26 -6 32
of which: Securities 48 -38 86
Total 217 341 -124
Jan-Aug 2015 Jan-Aug 2014 Abs. Chg
Mutual Funds 733 604 129
Managed Portfolio -162 151 -313
Mutual Funds and Managed Portfolio 571 755 -184
Life Insurance 1,997 1,942 55
of which BG STILE LIBERO 1,773 1,073 700
Managed Assets 2,568 2,697 -129
Non Managed Assets 226 154 72
of which: Securities -329 -161 -168
Total 2,794 2,851 -57
www.bancagenerali.com
Media Relations
Life New Business
Aug 2015 Jul 2015 Abs. Chg
Michele Seghizzi
Tel. +39 02 6076 5683
michele.seghizzi@bancagenerali
.it
Investor Relations
Giuliana Pagliari
Tel. +39 02 6076 5548
giuliana.pagliari@bancagenerali. it
Life New Business 219 362 -143
Jan-Aug 2015 Jan-Aug 2014 Abs. Chg
Life New Business 2,845 2,266 579
The Manager responsible for preparing the company's financial reports (Stefano Grassi) 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.
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