(Alliance News) - Banca Mediolanum Spa on Friday reported trading results for June, with total net inflows of EUR784 million, bringing the figure to EUR5.66 billion since the beginning of the year.

Net inflows in assets under management totaled EUR680 million, bringing the amount since the beginning of the year to EUR3.1 billion.

New loans disbursed amounted to EUR236 million, bringing the amount for 2024 to EUR1.25 billion.

Protection policy premiums reached EUR18 million,bringing the total to EUR93 million since the beginning of the year.

Massimo Doris - CEO of Banca Mediolanum - commented, "The solid positive trend continues with the further contribution of June, which allows us to close an excellent first half of the year with approximately EUR5.7 billion in total inflows and EUR3.1 billion in inflows in asset management products. June stands out as the best month of the year for assets under management, with as much as EUR680 million, mainly directed to house products. Customer acquisition is also going strong, with 109,000 new customers in the year, 10 percent more than in 2023."

Doris continues, "This first part of the year ends splendidly, which has seen us as protagonists also thanks to promotional initiatives dedicated to customers aimed at further stimulating the group's organic growth. It is an excellent base on which the 'Family Bankers' will be able to work, offering the high-quality advice that has always been a distinctive feature of ours."

Banca Mediolanum on Friday trades in the green by 0.9 percent at EUR10.63 per share.

By Maurizio Carta, Alliance News reporter

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