BANCA GENERALI S.P.A. 
By 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
FY 2013 closed with net inflows of €2,260 million (+40%)
Managed assets rose sharply to €2,768 million (+70%)
Milan, 8 January 2014 - Banca Generali's total net inflows in December amounted to €131 million, bringing the total for FY 2013 to €2,260 mlilion, of which €1,475 million gathered by the Banca Generali network and €785 million by BancaGenerali Private Banking.
This performance was the Bank's best result ever in terms of net inflows, with a 40% increase compared to the previous year and a 64% rise compared to the average for the past three years.
Inflows were concentrated in asset management and insurance products, which reached an overall record level of €2,768 million(+70% compared to the previous year, +103% compared to the average for the past three years). Throughout 2013, customers were especially interested in investing liquidity and optimising their portfolio positions, focussing on the asset management solutions offered by the Bank. This trend has been confirmed at the beginning of 2014 as well.
With reference to asset management products, demand was chiefly focused on funds and SICAVs, which recorded net inflows of €1,489 million(+235% compared to 2012). Aiming at offering the best investing solutions on global financial markets, Banca Generali has always selected funds and SICAVs managed by leading Italian and international investment houses. In the recent months, the Bank has also laid the groundwork for a soon-to-be-launched expansion of its range of products.
Lastly, it should be noted that 81 highly skilled and greatly experienced professionals were recruited in 2013, further strengthening the Bank's financial advisors network, which is already at the top of the Assoreti ranking in terms of portfolio size and productivity. At the end of 2013, Banca Generali had a team of 1,475 professionals.
The CEO of Banca Generali, Piermario Motta, commented: "We are highly satisfied with our achievements in 2013, and specifically our net inflows, which were not only the best in the bank's history, but also confirm our position at the head of the financial advisory industry. In addition, the extraordinary development of managed assets reflects the strong demand for protection and diversification on the part of investors. They view the reliability of Banca Generali's professionals and versatility of its offerings as the distinctive traits of a partner capable of guaranteeing certainty and efficacy. Despite the scenario of persistent market complexity, the signs of a recovery on the horizon represent the best possible start to the new year, to which we look with great optimism."
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A) NET INFLOWS AND LIFE NEW BUSINESS IN DECEMBER 2013
Million of Euros Dec 2013 Nov 2013 Abs. Chg
Mutual Funds 129 71 58
Asset Management -56 -2 -54
Mutual Funds and Managed Portfolio 73 69 4
Life Insurance 221 135 86
Managed Assets 294 204 90
Non Managed Assets -163 -81 -82
of which: Securities -129 -30 -99
Total 131 123 8
Jan-Dec 2013 Jan-Dec 2012 Abs. Chg
Mutual Funds 1,489 444 1,045
Asset Management 13 68 -55
Mutual Funds and Managed Portfolio 1,502 512 990
Life Insurance 1,266 1,115 151
Managed Assets 2,768 1,627 1,141
Non Managed Assets -508 -25 -483
of which: Securities -482 -310 -172
Total 2,260 1,602 658
Life New Business
Dec 2013 Nov 2013 Abs. Chg
Life New Business 421 294 127
Jan-Dec 2013 Jan-Dec 2012 Abs. Chg
Life New Business 2,129 1,430 699
***
The Manager responsible for preparing the Banca Generali'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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