(Finance) – Total net inflows for August of Banca Generali was equal to 206 million euros, a figure that brings the total value since the beginning of the year to almost 3.8 billion euros. The positive result – the bank explains in a note – was achieved in a context in which the typical seasonality of the month was further exacerbated by geopolitical tensions and by the volatility of the financial markets. In addition, the result takes into account disbursements for tax due dates of € 193.9 million, a further increase compared to the € 132.3 million in August 2021.
“Even during the holiday period, the Bank focused on supporting customers in seizing the opportunities offered by the markets with a diversification and protection approach and the use of advanced advice”.
Specifically, the administered accounts (AuC) have realized flows for 198 million (1.9 billion from the beginning of the year) to which is associated the value of advanced consultancy (BGPA) on assets equal to 7 billion at the end of the period.
There collection in managed solutions it amounted to 51 million (1.2 billion from the beginning of the year) by virtue of constant flows in funds (58 million, 528 million from the beginning of the year) and in financial containers (34 million, 434 million from the beginning of the year).
“The growing volatility on the markets and the renewed energy and inflation pressures of recent weeks are pushing private customers to be cautious and to seek protection – commented theChief Executive Officer and General Manager of Banca Generali, Gian Maria Mossa -. Despite the weight of the fiscal disbursements in the period, the inflationary pressures and the macroeconomic and geopolitical uncertainties, the collection is confirmed as positive by virtue of the quality of our consultancy and the breadth of the range that represent the most adequate response to customer needs. Despite the economic challenges and geopolitical uncertainties we are confident of maintaining a growth trend in line with the objectives set“.