Table of Contents:
Banca Mediolanum’s financial results in 2024
Banca Mediolanum closed the first nine months of 2024 with impressive financial results, recording a net profit of 674.3 million euros, up 18% compared to the same period of the previous year. This increase highlights not only the bank’s soundness, but also the effectiveness of its market strategies in a constantly evolving economic environment
.
Growth of managed assets
The bank reported significant growth in assets under management, which reached 133 billion euros.
This result is the result of a strategy aimed at acquiring new customers and retaining existing ones. Massimo Doris, Chief Executive Officer of Banca Mediolanum, emphasized that these results are a reflection of constant and well-planned work, aimed at creating value for shareholders and guaranteeing high-quality advice to customers
.
Dividend distribution and net inflows
The Board of Directors has approved a down payment on the dividend of 0.37 euros per share, which will be distributed starting next month. This gesture represents a clear sign of the bank’s financial strength and its willingness to reward shareholders. In addition, total net inflows were positive by 7.16 billion euros, an increase of 28% compared to the first nine months of 2023. Managed net inflows reached 5.44 billion euros, an increase of 92% compared to the same period of
the previous year.
Future strategies and customer acquisition
Massimo Doris highlighted the importance of continuing to invest in acquiring new customers and improving the quality of the service offered. The bank is implementing promotional initiatives to attract new savers, with the aim of providing personalized advice and building long-term relationships of trust. This approach has led to an increase in market share and a continuous creation of value for shareholders, as demonstrated by the recently approved down payment on the dividend
.
