Italy’s Banca Mediolanum reports €199.5m net profit for H1
Banca Mediolanum’s AUM at the end of H1 2013 was €53.5bn, the bank’s interim report has revealed.
As Banca Mediolanum’s report also showed, net consolidated profit was €199.5m, 8% down compared with the same period of 2012.
Net profit of domestic market was of €188.2m, -10% compared with same period last year; while for foreign markets, net profit was of €11.2m, up by 52% compared with H1 of 2012.
Banca Mediolanum’s AUM was of €53.5bn, 9% up compared with the same period of 2012 and 4% up compared with the beginning of 2013.
Total net inflows were of €1,233m, particularly positive for mutual funds, which saw net inflows of €2,578m at the end of June.
Looking at Banca Esperia’s, Mediolanum Group’s private bank, net profit was of €7.2m, +87% compared with the same period of 2012. Banca Esperia’s total AUM €14.3m, up by 8% compared with June 2012.