Banca Generali : 04/02/2015 - PR: Total Inflows in January 2015

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Total net inflows at €406 million (+80%) in

January

Net inflows in managed products at €222

million (+29%) for the month

Milan, 4 February 2015 - Total net inflows in January amounted to €406 million, of which €252 million gathered by the Banca Generali network and €154 million by Banca Generali Private Banking.

After last year's record net inflows, 2015 is also starting strong with an 80% increase compared to January 2014. Government bond returns at historical lows - in some cases even negative - and growing market volatility are heightening the investors' needs for expert investment advisory services, thus creating a highly favourable context for Banca Generali's professionals.

Managed products continue to generate great interest (€222 million net inflows). Thanks to its efficiency and flexibility, the multi-line policy BG Stile Libero once again proved successful (€108 million), as did mutual funds and managed portfolio products (€67 million), which showed highly positive results in the previous year.

The growing number of new clients attracted by the Bank's range of products and services is also highlighted by the significant €254 million increase in current accounts in January, which is instrumental to the year-start investment planning and portfolio diversification process.

The CEO of Banca Generali, Piermario Motta, commented: "This was the best-ever January result for our Bank. Net inflows growth even exceeded the extraordinary year- end 2014 performance trend. We are very satisfied with the feedback received by our professionals during our traditional January strategic meetings. They highly appreciated the distinctive solutions and the new tools we are making available to them. Our commitment to developing innovative services is even more important in current environment, where households demand for professional financial advisory services is growing sharply. We are looking towards the 2015 challenges and opportunities with

great confidence."

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A) NET INFLOWS AND LIFE NEW BUSINESS IN JANUARY 2015

Million of Euros Jan 2015 Dec 2014 Abs. Chg

Mutual Funds 52 2 50

Managed Portfolio 15 -16 31

Mutual Funds and Managed Portfolio 67 -14 81

Life Insurance 155 567 -412

of which BG STILE LIBERO 108 339 -231

Managed Assets 222 553 -331

Non Managed Assets 184 -220 404

of which: Securities -70 -91 21

Total 406 333 73

Jan- 2015 Jan- 2014 Abs. Chg

Mutual Funds 52 65 -13

Managed Portfolio 15 -8 23

Mutual Funds and Managed Portfolio 67 57 10

Life Insurance 155 115 40

of which BG STILE LIBERO 108 0 108

Managed Assets 222 172 50

Non Managed Assets 184 54 130

of which: Securities -70 -46 -24

Total 406 226 180

Life New Business

Jan 2015 Dec 2014 Abs. Chg

Life New Business 224 656 -432

Jan- 2015 Jan- 2014 Abs. Chg
Life New Business 224 156 68

The Manager responsible for preparing Banca Generali's financial reports (Stefano Grassi) declares, pursuant to Paragraph 2 of Art. 154-bis of the Italian Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, books and accounting records.

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