Feb 10 (Reuters) - Italy's Banca Mediolanum said on Thursday it will propose paying out a special dividend after posting a record net profit in 2021, with its CEO adding that it expected business levels to be maintained during this year.

The bank, which offers its products and services in Italy and Spain, posted a full-year net profit of 713.1 million euros ($818.92 million), a 64% rise compared to 2020.

In a briefing with journalists, CEO Massimo Doris said net inflows this year could match the 9.2 billion euros gathered in 2021 although it expected overall financial results to be weaker having benefited from positive market effects last year.

The Milan-based bank proposed paying a special dividend of 0.12 euro per share, bringing the total payout for the year to 0.58 euros.

"We target a dividend increase of 2 cents each year," Doris said.

The bank said net inflows in January totalled 567 million euros, of which 411 million euros was in managed assets.

Its exit from Germany is due to be finalised by the end of the first half of this year, Doris said.

Mediolanum's shares rose as much as 2.3% before paring gains to close 1.5% higher. ($1 = 0.8708 euros) (Reporting by Maria Pia Quaglia and Federica Urso; Editing by Kirsten Donovan)