(Alliance News) - Banca Mediolanum Spa reported Friday that it recorded net inflows of EUR1.24 billion in March.

The March figure brings the total since the beginning of the year to EUR3.06 billion. Net inflows in assets under management were EUR452 million for the month and EUR1.18 billion since the beginning of the year.

New loans disbursed amounted to EUR213 million in March and EUR561 million in the first quarter while protection policy premiums were EUR15 million in March and EUR42 million in the first three months of the year.

Banca Mediolanum's stock is down 1.3 percent at EUR10.14 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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