Banca Mediolanum, net inflows of 600 million in May

Total net inflows of Banca Mediolanum amounted to 600 million euros in May, bringing the total for the first 5 months to 3.81 billion. The data was released today by the group. Net inflows from managed savings amounted to 390 million euros (2.60 billion ytd); new loans disbursed amounted to 352 million (1.54 billion ytd) and premiums from protection policies amounted to 16 million (71 million ytd). “In the first five months of this year – says Massimo Doris, CEO of Banca Mediolanum – in an extremely challenging context in which geopolitical uncertainty, market volatility and galloping inflation have dictated the law, Banca Mediolanum has sign 3.8 billion in net inflows, 70% of which in managed products. Our clients, who have perfectly understood our strategy, in fact continue to feed the managed deposits, which in May amounted to 390 million, and to pursue their investment objectives through the widest diversification. The 2.6 billion euro in investment products since the beginning of the year, with the fundraising destined entirely to equities, are the full demonstration of the validity of our approach and the ability to generate organic growth, as indicated by 80% of managed deposits. coming from customers in Banca Mediolanum for more than a year “. Doris concludes: “The credit and protection policies activities, our further distinctive elements with respect to the market, continue to regularly support commercial volumes, amounting to approximately one billion, also in May”.