Positive November for Finecobank. In the month, the bank of the Unicredit group recorded positive net inflows of 205,5 million euros. Since the beginning of the year, the balance has therefore risen to 5,4 billion euros, a figure which represents an increase of 9% compared to the same period of 2017.
In detail, assets under management amounted to 174,1 million (2,41 billion since the beginning of 2018), while the administered component collected 139 million (1,743 billion since January).
Negative sign for direct deposits, with outflows of 107,6 million. Inflows into Guided Products were $312 million for the month.
Inflows since the beginning of the year through the network of financial advisors amounted to €4,831 billion (+5% y/y), while total assets amounted to €69,790 billion (+5% compared to November 2017 and +4% compared to December 2017).
Alessandro Foti, Chief Executive Officer and General Manager of Fineco, commented: “November also records a very satisfactory figure, in a month where the seasonal element due to the payment of taxes highlights a loyal and better quality clientele, which increasingly uses Fineco as main bank. In particular, the asset mix benefits from the recently launched new generation advanced advisory products and services, on which a growing interest of clients converges. An interest that confirms the ability of Fineco and its consultants to offer solutions capable of responding to their financial needs".
Despite the positive data on monthly funding, in Piazza Affari, Finecobank drops more than 6%, in severe difficulty like the rest of the banking sector (FTSE Italia Banche -4%) due to international political tensions and uncertainty about the maneuver Italian.
