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Banca Generali: funding one step away from 5 billion

Inflows in the first 11 months of the year showed an increase of 24% compared to the same period of 2015 – In November positive inflows of 420 million euros.

Banca Generali: funding one step away from 5 billion

The total net inflow of General Bank comes to touch share 5 billion, stopping at 4,9 billion euros, with a growth of 24% on an annual basis. The result is also made possible by the net inflow recorded in November, positive for 420 million euro. Assets under management, on the other hand, recorded a positive November of 248 million: since the beginning of the year we are at 3,4 billion, on the same levels recorded in 2015.

The growth trend of the "containers" (BG Solution and BG Stile Libero) accelerates compared to the previous months, with total inflows of 283 million euros, of which 155 million from BG Solution assets (1.160 million euros from launch to the end of March) and 128 million of the insurance multiline, BG Stile Libero (€1.123 million since January). Overall, the two solutions collected 67% of the new flows managed.

The general director, Gian Maria Mossa, commented: “We are heading towards an extraordinary end of the year close to the threshold of 5 billion in funding, on levels never recorded in the history of the bank. The data assumes even more value if we consider that it has matured in a climate of uncertainty due to national and international political events and without any contribution from the institutional masses or from the online world, but only from the work of our professionals alongside families and the retail sector ”.

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