Banca Mediolanum, net inflows at 3 billion in the first quarter

Doris: “Continue decisively excellent results trend”

In March, Banca Mediolanum recorded commercial results of 1.21 billion euro. Total net inflows amounted to 853 million, while net assets under management reached 343 million. Total net inflows in the first quarter amounted to €3 billion, that from managed savings 1.35 billion. A note from the group communicates it. As regards new loans, 343 million euro were disbursed, 841 million in the first quarter, while protection policy premiums amounted to 16 million, 43 million in the first quarter.

“The excellent trend in commercial results continues decisively, leading us to close the first quarter with 3 billion in total funding. With 343 million in the month, the managed savings remains solid in terms of quantity and quality despite the climate of uncertainty, also thanks to the strong component of recurring flows of our automatic investment services”, he comments Massimo Doris, CEO of Banca Mediolanum.

“The administered sector remains largely positive, demonstrating the stability of deposits, which are constantly growing, also supported by the liquidity contribution of new customers, which reach 56,500 since the beginning of the year, 15% more than in the first quarter of 2022. Businesses too of credit and protection policies continue to reflect great resilience with 343 and 16 million in the month respectively. Banca Mediolanum, also in this context, confirms itself as a reference institution for families thanks to its excellent capital solidity”, concludes Doris.



Source-www.adnkronos.com