Funding and rating
Our funding strategy has changed and diversified significantly over the years. Bond issues now account for less than half of our funding, compared with more than 60% in 2005, in 2008 we launched Mediobanca Premier to access retail deposits
Overall about 56% of our funding now comes from retail investors: 13% from our bonds sold to retail customers, while 44% 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.).
- Well diversified funding structure: 56% retail (12% bonds, 44% WM deposits) and 44% institutional (31% securities, 2% ECB, 11% banks and other)
- MB securities totaling €27.6bn: €16.5bn senior preferred, €2bn SNP, €1.7bn T2, €6.7bn secured
- Wealth Management deposits at €27.9bn: €16.9bn Premier, €11bn Private Banking
MREL requirement for 2024 among the lowest in EU :
- 23.57% RWA
- 5.91% LRE (Leverage Ratio Exposure)
- MREL own funds and eligible liabilities at 43.50%of RWAs
- with a surplus of approx. 20% of RWAs vs MREL requirement
- Over 90% of MREL requirement covered by own funds and subordinated debt
Funding and liquidity indicators (at 30 JUNE 2024)
| LCR | NSFR |
|---|---|
| 159% | 117% |
