US Tech Banks
Amundi’s total exposure to Silicon Valley Bank (SVB), Signature Bank and Silvergate Bank assets was already negligible before SVB’s collapse : 0.003 % of its global assets under management as of the 8th of March.
Paris, Friday 29 April 2022
Corporate
On Friday 29th of April, Amundi publishes its results for the first quarter 2022, with net income up +5% vs. Q1 2021 published1,2, and presents robust business activity and inflows3 in medium-long term assets.
Assets under management reach €2,021bn at 31/03/2022, up +15% year-on-year2.
Amundi maintained a good level of adjusted net income (€324m) in the first quarter of 2022, despite a less positive environment. This growth was driven by the scope effect (consolidation of Lyxor as of Q1 2022) as well as a sharp increase in revenues and continued excellent operational efficiency.
To learn more, go on our Corporate Website
1. Adjusted data: excluding amortisation of intangible assets and excluding integration costs. See page 6 of the Press Release for definitions and methodology
2. Change from Q1 2021 reported data, excluding Lyxor
3. Assets under management (including Lyxor as of 31/12/2021) and net inflows (including Lyxor in Q1 2022 only) include assets under advisory and assets sold and take into account 100% of the Asian JVs’ inflows and assets under management. For Wafa in Morocco, assets are reported on a proportional consolidation basis
Amundi’s total exposure to Silicon Valley Bank (SVB), Signature Bank and Silvergate Bank assets was already negligible before SVB’s collapse : 0.003 % of its global assets under management as of the 8th of March.
In 2022, Amundi did more than resist in a difficult context and continued to develop, thanks to the growth drivers of its Ambitions 2025 plan
Resilient earnings and business activity in an unfavourable market environment