La net inflows of Fineco relating to the month of March, it stood at 419 million euro, recording one of the best quarters ever with 1,433 billion (-11% compared to the first quarter of 2015). The online bank of the Unicredit group continues with its growth strategy through the acquisition of masses and highly loyal customers, even without resorting to any type of short-term offers on interest rates.
In the month of March alone, Fineco's assets under management amounted to 193 million, assets under administration amounted to -95 million, while direct deposits amounted to 320 million. Total net inflows since the beginning of the year through the network of financial advisors amounted to 1,218 billion, -16% compared to 2015. The total assets it is equal to almost 55 billion in March 2016 (respectively -0,6% and +2,4% compared to December and March 2015).
It also accelerates the acquisition of new clientele: more than 33 customers have been acquired since the beginning of the year (of which more than 9 in the month of March alone), up 6% on the previous year. The number of total customers as at 31 March 2016 was 1.073.000, up 9% compared to March 2015.
Alessandro Foti, Chief Executive Officer and General Manager of Fineco, declares: “We recorded a very solid inflow in March as well. The results confirm a constant, physiological and long-term growth trend, favored by a strategy centered on business sustainability and customer loyalty obtained thanks to a very high level of satisfaction with the services offered; all this without resorting to short-term and particularly aggressive commercial campaigns.”
In the middle of the day, the Fineco stock, which has just made its debut in the Ftse Eb in Piazza Affari, it lost 1,53% to 6,775 euros per share.
