Credem sees positive results on wealth management

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Italy’s Credem has published its preliminary business results for 2014.

According to the its estimate, the Credem Group pushed its profits up by 31% to €151.8m in 2014.

Credem pointed out that its wealth management activities scored particularly positive results, with asset management products posting total net inflows of €20.2m, 14.3% up compared to 2013.

Wealth management services posted €254.1m in 2014, 14.3% up compared with the previous year.

Access to credit for Credem’s clients also rose by 7.9% yoy in 2014. According to the company, the rise in loans was made possible thanks to the positive relationship between negatives and positive of 1.55%.

Adolfo Bizzocchi (pictured), general director at Credem, said: “2014 has been a challenging but exciting year which brought us plenty of satisfaction.

“We are proud to have kept offering access to credit to clients throughout the whole year.”


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