July 27, 2017 / 5:20 PM / 2 years ago

BRIEF-Banca Mediolanum confirms target of 3 bln euro PIR inflows in 2017 - CEO

July 27 (Reuters) - Banca Mediolanum CEO Massimo Doris told Reuters:

* Individual Saving Plans (PIR) inflows in July reached 1.5 bln euros

* Confirms target of 3 bln euros in PIR inflows in 2017

* Bank is not interested in buying asset management companies (SGR)

* Performance fees in July were “so so”, were affected by USD weakness

* Confirms target of record mutual funds inflows of more than 4.7 bln euros in 2017

* Confirms 2017 guidance for costs (2.5-3 pct), interest margin (-20 pct in 2017, flat in 2018) and dividend (EUR 0.30/shr, considered a “floor”)

Further company coverage: (Gdynia Newsroom)

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