(Alliance News) - FinecoBank Spa reported on Monday that it recorded inflows of EUR806 million in March, bringing the total since the beginning of the year to EUR2.2 billion.

Assets under management weighed EUR120 million in March, with the year-to-date total rising to EUR469 million.

Assets under administration, in the month that saw the settlement of the latest BTP Valore issue, reached EUR1 billion, while direct deposits were negative EUR321 million.

March brokerage revenues are estimated at EUR21 million, bringing the total since the beginning of the year to EUR54 million.

Alessandro Foti, chief executive officer and general manager of Fineco, said, "The March funding figures confirm that among Fineco's clients the propensity to invest is remaining high, not only in the administered component but also in the managed component. The support of the advisory network is proving crucial in this phase of scenario transformation, along with the ability of the technology platform to facilitate interaction with global markets."

"The growth of the bank's attractiveness is thus reflected in the steady increase in the number of new customers, who find in Fineco an efficient response to all their financial needs."

Fineco's stock is up 0.5 percent at EUR14.33 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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