Q3 2023 Bper Banca SpA Earnings Call (English, Italian) Transcript
(technical difficulty)
So there is growth in total funding for plus 4% year-on-year and 1.1% quarter-on-quarter in direct funding, we had a first half of the year with a substantial growth in current accounts. The substantial drop in current accounts due to the dynamics interest -- in net interest income. And in the third quarter, we said -- unlike what we expected because we thought the situation would be flat, we were, in fact, capable of increasing the growth, particularly in current accounts with some products. And at the same time, we would also like to focus on the shift that we've had on mid long-term deposits to improve the situation of our liabilities.
I would say that there is a good performance in assets under management. So the net funding is positive by EUR 579 million in the 9-month period and EUR 135 million in the third quarter. Whereas as far as the indirect funding is concerned, there is a substantial stability year-to-date since the beginning of the year, there is the effect of 2 different trends. One is the loss of
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