(Reuters) -Italy’s Banca Mediolanum forecast higher net inflows for 2025 after reaching asset under administration over 144.4 billion euros ($165.16 billion) in the first half of the year, it said on Thursday.
The bank, which operates both domestically and internationally, now expects net inflows into managed assets between 8 and 8.5 billion euros, compared to the previous estimate in line with the figure of 7.64 billion euros achieved in 2024.
The group also updated its net interest income (NII) target, now seen down by around 3% from last year, against the previously forecast decline of 5%.
($1 = 0.8743 euros)
(Reporting by Enrico Sciacovelli, Editing by Louise Heavens)
