"December was one of the best months ever in the bank's history and, despite all the complexities and criticalities of this terrible crisis, we were able to increase funding flows overall during the year, reaching almost 6 billion". So the ad of general bank, Gian Maria Mossa summarizes the results of an exceptional year for Banca del Leone, already the object of Mediobanca's desire, forced to retreat after Philippe Donnet's resounding no. After all, we don't see a reason to emerge from a goose that lays golden eggs, capable not only of nearly 6 billion in funding (against 5,1 at the end of 2019) but of acquiring a leading position in managed solutions (3,2 .71 billion +91%) thanks to a strong acceleration in the last quarter (+737%, XNUMX million) confirming a formula suitable for intercepting customer needs tributary.
But the successes of Mossa's team are part of a systemic phenomenon: in the face of the uncertainties affecting the banking season the successes of asset management groups shine. Advance Mediolanum: net inflows for the whole of 2020 amounted to 7,7 billion euros, up sharply compared to the 4,06 billion recorded in 2019 (+90%). "The year closed with strong acceleration: the month of December alone – explains the CEO Massimo Doris – saw the entry into the Group of 370 thousand new customers, bringing the total customer base to over 2 million, 50% more than at the end of 2019”.
And he did well azimuth (total funding of 4,52 billion) which anticipates financial results well above the stated objective of 300 million (profit could rise to 415 million). It is easy to predict, on the basis of the numbers for the first eleven months, that too Eurizon, the giant of the Intesa group, will join the march of records as it has already done Fineco closing 2020 with total deposits of €9,3 billion. The public company managed by Alessandro Foti is about to pass the milestone of 2021 billion in assets in 100 even if he doesn't like predictions. But, interviewed by Il Sole 24 Ore, he lets himself go some goals for the sector. “The financial wealth of Italian families - he says - is estimated at 4.500 billion. If we subtract one trillion shares of entrepreneurs from this figure, plus another 800 representing the severance pay and 500 for personal expenses. An insane figure remains as an investment objective, at least 2 trillion euros”. AND this treasure will largely escape the banks, too busy reviewing the traditional business model to pursue customer satisfaction.
In short, once again, the future of finance in our house is played on savings.
