The latest Consob statistical bulletin dedicated to analyzes of financial intermediation in Italy has been published

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Summary:

The Italian Financial Intermediation Bulletin for December 2023 has reported a 21.1% increase in the value of financial instruments held by Italian intermediaries, driven primarily by the growth of debt securities. The volume of activities related to investment and savings services has also increased, with notable growth in the placement of financial instruments (+18.2%), execution of orders (+24.3%), and receipt and transmission of orders (+7.9%). Meanwhile, the gross premiums from the distribution of financial products by Italian intermediaries regulated by Consob decreased by 35.1%, primarily due to a decline in sales of unit-linked insurance policies. As of December 2023, the assets under management by Italian intermediaries increased by 8.3%, with all types of portfolio management exhibiting growth. The net collection of assets of Italian portfolio management companies was positive, with a major contribution from bond funds. The financial results of Italian portfolio management companies showed a net profit of u20ac1.491 billion, with a decline of u20ac77 million compared to 2022 due to increased operational costs and taxes.