The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Philipp HS¯ler - Pareto Securities, Research Division - Analyst
: Yes. Philip Hessler for Pareto; I have 2 questions as well. Firstly, on the net flows, could you please give us the figures for Q2, if possible, split between
FERI and MLP? And then on the real estate brokerage fees, which were very strong in Q2 and also H1, could you give us the contribution from
Deutschland and Lemobile for Q2.
Question: Philipp HS¯ler - Pareto Securities, Research Division - Analyst
: So 2/3 from the growth on the--from the overall number from the...
Question: Philipp HS¯ler - Pareto Securities, Research Division - Analyst
: Yes, it does. Maybe if I can ask a follow-up question--not a follow up actually, but a first question on the occupational pension business. If I have
understood you correctly, that you don't expect a short-term recovery for this. So for H2, we can expect this business to remain challenging? How
do you see 2021? Do you expect a recovery for 2021, or is it--do you expect it to remain difficult?
Question: Andreas SchSfer - Bankhaus Lampe KG, Research Division - Analyst
: I have just 2 questions. One is on the deposit volume you get from your clients. I mean, you have already got some 250 million more in the first
half of this year. So could you tell us a bit what is the burden from the negative ECB rates on this? And the second point, I got the impression that
except for old age provision, there seemed to be no negative impact from COVID at all when I look at the growth rates in your commissions and
fees. Could you confirm that there is--would the growth have been even stronger without the impact of COVID 19?
Question: Andreas SchSfer - Bankhaus Lampe KG, Research Division - Analyst
: Exactly, except for old-age provision? I got the impression, if I look at the growth rate, that there has been no negative impact at all.
Question: Andreas SchSfer - Bankhaus Lampe KG, Research Division - Analyst
: Yes, yes. And what are you--I mean, do you have any sort of plans to, let's say, limit the net flows, deposit flows? I think it's really getting--I would
say, the velocity is getting faster and faster in which you get new money on board?
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