FinecoBank, the multi-channel direct bank of the Unicredit group, announced that net inflows for the month of February amounted to 513 million euro, bringing the total since the beginning of the year to 1.014 million (+12% year on year). The mix of funding, according to the company's note, is confirmed to be consistent with the strong volatility recorded on the markets in recent months: assets under administration since the beginning of the year amounted, in fact, to 687 million following the increase in brokerage by customers, while direct deposits stood at 575 million and assets under management at -248 million. Total net inflows since the beginning of the year through the network of financial advisors amounted to 862 million, up 5% compared to 2015.
As for customers, around 23.700 customers have been acquired since the beginning of the year (of which more than 13 thousand in February alone), up 15% on the previous year. The total number of customers as of February 29, 2016 is equal to 1.067.400, up by 9% compared to February 2015.
