Total group net inflows of 868 million in February for Banca Mediolanum which rose to 1.3 billion from the beginning of the year. The figures released today show Mortgage and loan disbursements for 257 million and Collection of Protection Policies for 10.6 million.
Massimo Doris, CEO of Banca Mediolanum, states: “The month of February saw again significant commercial volumes, over a billion which brings the total from the beginning of the year to 1.8 billion euros. Net inflows of 868 million, always of great quality, were supported by 457 million in assets under management and if we look at the figure from the beginning of the year, with 765 million this is more than 3 times the amount managed in the same period of 2020. Customers are mainly favoring unit-linked policies that allow you to invest in the equity markets over the long term, also making use of our exclusive services such as Double Chance and Intelligent Investment Strategy ”.
”The gradual and automatic transformation of deposits into investments allows households to pursue and realize their financial goals and at the same time it fits perfectly within the advisory strategy that characterizes Banca Mediolanum. The other two pillars of our business model, credit disbursements and protection policies, also continue to produce ever-increasing results and confirm our uniqueness among Italian bankers ”. Doris concludes: “Finally, I would like to underline the excellent trend in terms of acquisition which in the first 2 months, excluding the Flowe platform, saw the entry of 30,000 new customers”.