Net inflows of €441m for Finecobank in August, down from €528m in July but up 92% year-on-year. Since the beginning of the year, according to a note, net inflows amounted to 3,8 billion (+15% annually), of which 2,4 billion in assets under management (+187% compared to the first 8 months of 2016) equal to 62% of the total, 643 million in assets under administration (down from 951 million in the previous year) while direct deposits stood at 824 million (from 1,5 billion). Returning to the August figure, assets under management amounted to 281 million (355 million in July) but up 69% on the year, assets under administration 151 million (10,75 million in July) and direct assets 9,32 million (162,3 million in July).
Net deposits through the network of financial advisors in August fell to 398 million from 489 in July, while in the first 8 months of the year it amounted to 3,5 billion (+22% year on year). Total assets amounted to 64,5 billion (+7% compared to December 2016 and +12% year-on-year) from 64,1 billion the previous month. In terms of customer acquisition, since the beginning of the year 77.932 new customers have been acquired (+6% on year), of which 6.851 in August alone (+15%). The number of customers at the end of August thus rose to 1,174 million (+7% per annum).
