Finecobank closed the month of September with net inflows of 329 million, slightly down on the 357 million collected in August. However, making a comparison with September 2017, the figure is up by 5%.
Since the beginning of the year, the total funding of the multi-channel bank of the Unicredit group has therefore reached 4,78 billion euros, a figure that represents an annual growth of 15%, despite a "more complex market situation", underlines the institution led by Alexander Foti.
Assets under management however, in 2018, decreased by 24,75% to 1,9 billion, while assets under administration tripled to 1,25 billion.
Returning to the monthly data, in September, Finecobank's assets under management stood at 76 million, while assets under administration were negative by 74 million.
Direct deposits amounted to 326 million, while total assets amounted to 70,9 billion (+5% compared to December 2017 and +8% on an annual basis).
“September records a growing figure once again, confirming the attractiveness of Fineco thanks to a solid and diversified business model - commented the CEO Alessandro Foti - Particularly relevant data because they were obtained in a month characterized by a seasonal element and from a phase of uncertainty on the markets”.
Despite the positive data, the Finecobank stock is down 0,7% in Piazza Affari.
