686 million euros of net funding for Finecobank in May 2018. In percentage terms, the figure represents an increase of 48% compared to the previous year.
Going into detail, according to the note published by the bank, assets under management settled at 264 million, assets under administration reached 573 million and direct assets at -150 million.
In the first five months of 2018, the total net funding of Finecobank thus reached 2,922 billion (+20% on the same period of the previous year). As regards the various segments: total assets under management amounted to 1,262 billion (-17% compared to the same period of 2017), 43% of total net assets under management, assets under administration amounted to 565 million, while direct assets amounted to 1,095 billion.
Total assets, on the other hand, amounted to 69,411 million (+3% compared to December 2017 and +9% year-on-year).
Moving on to customers as of May 31, 2018, Finecobank reached almost 1.233.000 customers, up 7% compared to the same period of the previous year. Since the beginning of the year, 47.773 new customers have been acquired, of which 10.131 in the month of May alone.
"The month of May once again records very robust funding, despite a complex market phase, characterized by high volatility", commented the bank's managing director, Alessandro Foti.
In Piazza Affari, May was not exactly an easy month for Fineco due to the political uncertainty that weighed down the entire list, especially affecting banks and asset management. The stock gains 2,2% today, but has lost more than 14% in one month.
