Banca Mediolanum: total net inflows € +868 million in February, € 1.3 billion since the beginning of the year

Massimo Doris, CEO of Mediolanum.

Banca Mediolanum SpA, commercial results for February 2021. Managed net inflows € 457 million, € 765 in the first 2 months, + 208% y / y

Banca Mediolanum SpA communicate i commercial results for February 2021: € 1,136 million, of which Total Group Net Inflows € +868 million, Disbursements of mortgages and loans € 257 million, Collection of Protection Policies € 10.6 million.

Massimo Doris, CEO of Banca Mediolanum, he claims: “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. Clients are mainly favoring Unit-Linked policies that allow them 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 families to pursue and achieve their financial objectives and at the same time 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 ”.

Conclude Doris: “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”.

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