| Consolidated Assets under Administration, despite the negative effect due to the stock market performance, reached 38,387 billion Lira (19,825 million Euro) against 28,526 billion Lira (14,732 million Euro) as of June 30, 2000, growing by 35% in twelve months. Excluding Fibanc, whose assets amounted to 4,130 billion Lira (2,133 million Euro), Mediolanum Assets under Administration grew by 20% to 34,257 billion Lira (17,692 million Euro). | |
| With reference to Italy: | |
| Total Net Inflows, including life insurance, mutual funds and managed accounts, and direct and indirect inflows of the bank, totalled 3,438 billion Lira (1,775 million Euro), growing by 4% with respect to net inflows from the first semester last year, estimating indirect bank inflows to be 579 billion Lira, net of the market effect. Specifically, 1,897 billion Lira (979.6 million Euro) relate to managed savings, which is broken down as follows:mutual funds and managed accounts 1,044 billion Lira (539.4 million Euro) and Life 852 billion Lira (440.2 million Euro). 1,541 billion Lira (795.8 million Euro) relate to administered savings. | |
| Gross Premiums Written amounted to 1,355 billion Lira (699.6 million Euro) compared to 1,315 billion Lira (679.2 million Euro) for the same period in 2000 (+3%). Recurring Premiums from New Business came to 168 billion Lira (86.8 million Euro), compared to 90 billion Lira (46.3 million Lira) in 2000, an increase of 88%. | |
| Mutual Funds and Managed Accounts posted consolidated gross inflows of 3,590 billion Lira (1,854 million Euro), down 7% compared to the first semester 2000 (3,856 billion Lira, or 1,992 million Euro). It is noteworthy, however, that the gross inflows of only managed accounts grew by 236% (2,005 billion Lira, or 1,035 million Euro), with respect to June 30, 2000 (597 billion Lira, or 308.3 million Euro). | |
| Direct inflows of Banca Mediolanum reached 962 billion Lira (496.7 million Euro) showing an increase of 55% with respect to 621 billion Lira (320.7 million Euro) for the same period 2000. Total active Bank Accounts numbered 266,000 as at June 30, 2001, compared to 184,000 as at June 30 last year, growing by 45%. | |
| Total Primary Account Holders came to 679, 000 as at June 30, 2001, compared to 563,000 for the same date last year, an increase of 21%. | |
| As at June 30, 2001, the Sales Network of the Mediolanum Group consisted of 7,145 agents (with an increase of 36% out of a total of 5,273 at June 30, 2000), broken down as follows: 5,507 Banca Mediolanum advisors (+19% in twelve months) - of whom 3,473 are licensed financial advisors (+21%) - and 1,638 Partner Time insurance agents (+147% in twelve months). | |
| With reference to the Spanish subsidiary, Fibanc, gross inflows were 473 billion Lira (244.1 million Euro), while net inflows were 106 billion Lira (54.8 million Euro). | |
| In accordance with art. 82, section 2, of Consob Regulation n. 11971/1999, the semester report as at June 30, 2001, will be made public within 75 days from the end of the semester. | |
