(Finance) – Generali Bank he created ad August 2023 a net collection of 247 million euros (+20% compared to August 2022) which brought the total since the beginning of the year to almost 4 billion euros, with a growth of 5% compared to the corresponding period of last year.
At the product level, the company reports the excellent result of managed solutions (147 million in the month vs 51 a year ago, 882 million YTD vs 1,212 YTD in 2022) driven by strong demand for financial containers (104 million in the month, 464 million YTD) and home funds (49 million in the month , 433 million since the beginning of the year) which both benefit from the new lines launched in recent months to take advantage of the revival of the stock and especially bond markets.
L’insurance confirms the stabilization trend already highlighted in recent months awaiting the launch of new proposals expected in the fourth quarter (-101 million in August, -1,179 million YTD), while the administered savings (AuC and Liquidity) remains sustained (201 million in the month, 4.3 billion since the beginning of the year), confirming itself within the framework of the expected rebalancing of liquidity towards other forms of managed and administered savings.
Finally, in terms of quality of the collection, it highlights that ifluxuries in managed solutions and advanced consultancy on administered savings stood at 213 million in the month for a total of 2.08 billion since the beginning of the year (+37% y/y).
“August also confirms growth rates higher than last year – commented theCEO Gian Maria Mossa – Bankers’ attention to market dynamics and closeness to customers has not stopped in these peak holiday weeks as emerges from the very solid numbers in managed collections and advanced consultancy. The interest that we receive from the business world in our exclusive solutions for asset protection and from numerous experienced bankers in the potential that our business offers in their development path, make us look to the coming months with confidence and optimism”.