Overall about 60% of our funding now comes from retail investors: 14% from our bonds sold to retail customers, while 46% of our funding is raised from Wealth Management deposit.

Our dedicated Products issued website contains all the details for our issues (prospectuses, types, maturities, recipients, etc.).

P22 RaccoltaRating ENG
  • Well diversified funding structure: 60% retail (14% bonds, 46% WM deposits) and 40% institutional (25% bonds, 6% ECB, 9% banks and other)
  • MB bonds totaling €23.9bn: €15.5bn senior, €1.5bn SNP, €1.4bn T2, €5.5bn secured
  • Wealth Management deposits at €27.7bn: €17.0bn Premier, €10.7bn Private Banking
Substantial surplus MREL

(Highlights - results at December 2023)

  • MREL requirement for 2023, among the lowest in EU, basically confirmed at:
    • 23.57% RWA 
    • 5.91% LRE (Leverage Ratio Exposure)
  • MREL own funds and eligible liabilities (~€20bn as of Dec23) @ 40.66% of RWAs with a surplus of ~17% of RWAs vs MREL requirement
  • ~90% of MREL requirement covered by own funds and subordinated debt
Funding and liquidity indicators (at 30 JUNE 2023)
180% 119%