July 30, 2014 / 2:26 PM / 3 years ago

Mediolanum could improve div policy thanks to strong capital base

MILAN, July 30 (Reuters) - Italian asset manager Mediolanum could be in a position to offer investors a more generous dividend policy thanks to its strong capital position, the group's deputy chairman told Reuters on Wednesday.

"Our strong core Tier 1 could allow us to modify our dividend policy which currently distributes 50 percent of profits," Massimo Doris said in an interview.

Doris said it was possible a new dividend policy could be introduced as early as 2015 on this year's results.

Mediolanum had a Common Equity Tier 1 Ratio of 18.09 percent at the end of June.

Doris said he also expected total net inflows in 2014 to beat the 3.3 billion euros ($4.4 billion) seen in 2013.

$1 = 0.7476 Euros Reporting by Maria Pia Quaglia and Stephen Jewkes

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