Union Financiere de France Banque SA announced consolidated earnings results for the full year of 2016. For the year, the company reported net banking profits of EUR 194.0 million compared with EUR 218.1 million for the same period a year ago. Operating profits was EUR 34.3 million compared with EUR 49.6 million for the same period a year ago. Consolidated net profit attributable to the Group was EUR 25.1 million compared with EUR 32.6 million for the same period a year ago. Net inflows of EUR 71 million that were hit hard by substantial payouts as funds reach maturity (EUR 96 million). Terminated funds excluded, net inflows amounted to 167 million, down 37% on 2015, primarily as a result of a 9% increase in redemptions. An operating profit was EUR 39.2 million, down 21%. Expenses were kept under control and the 2% increase is mainly due to the impact on commercial remuneration of strong sales in real estate products.