(Tiper Stock Exchange) – General Bank has made a July a net collection of 455 million euros (vs 543 million euros in July 2022), which bring the total since the beginning of the year to over 3.7 billion euros, with a growth of 4% compared to the corresponding period last year. The July result takes into account the significant impact of payments for tax obligations equal to 179 million euros in the month (+82% y/y) for a total of 620 million euros from the beginning of the year (+46%).
In terms of product, the managed solutions recorded positive flows of 56 million euro (735 million since the beginning of the year). The favorable moment continues for i home funds (81 million in the month, 384 million since the beginning of the year) benefiting from the launch of new capital-protected solutions.
The managed savings continues to attract customer attention with 591 million euros in July (5.5 billion since the beginning of the year), as well as the demand for advanced advisory services which recorded 183 million in the month (1,044 million in 2023). Overall, flows into managed solutions and advanced consultancy on assets under administration amounted to 258 million euro in the month for a total of 1.87 billion since the beginning of the year (+30% y/y).
“We grow up solid and constant even in a month characterized by important fiscal deadlines for customers, strengthened by the wide diversification in the offer and the quality of our bankers alongside families in planning and protection choices – commented theCEO Gian Maria Mossa – Despite the volatility due to the dynamics associated with the economy and central bank policies, we continue to acquire new customers and intercept savings flows thanks to our leadership in investment solutions with greater added value such as advisory and management. We continue to see strong demand for consultancy and this gives us great confidence for growth in the coming months”.