Union Financière De France Banque Sa Reports Earnings Results for the Full Year Ended December 31, 2020
April 27, 2021
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Union Financière de France Banque SA announced earnings results for the full year ended December 31, 2020. For the full year, the company announced operating income was EUR 8.701 million compared to EUR 32.028 million a year ago. Net income was EUR 5.571 million compared to EUR 20.935 million a year ago.
Union Financière de France Banque specializes in the design and distribution of customized investment products intended for private and business use. Commissions received by family of products break down as follows:
- life insurance products (53.9%);
- mutual investment funds (23.6%);
- real estate products (13%);
- enterprise products (9.5%): cash management, retirement, social liability management, and company saving plans (PEE) products.
At the end of 2021, the group had EUR 13.1 billion in managed assets.