Banca Generali's total net inflows in September amounted to 42 million euro. Since the beginning of the year, the figure stands at 755 million, of which 542 million from the Banca Generali network and 213 million from the Private network. Inflows during the month concentrated on products of a defensive nature such as assets under administration and insurance.
“Once again Banca Generali has shown that it knows how to grow – commented the managing director, Giorgio Girelli – regardless of the market environment. The Bank's professional networks are successfully intercepting the exponential growth in the demand for financial advice from Italian families, disoriented by market trends. This ability is made possible both by the breadth and quality of the offer and by the strength of our bank”.
In particular, the group benefited from the launch of new banking products for the management of customer portfolios. Insurance products are confirmed as an important component of Banca Generali's offer. New insurance business for the month amounted to 42 million, a figure that brings the cumulative since the beginning of the year to 764 million.
