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 CheBanca! to access retail deposits.

Overall about 57% of our funding now comes from retail investors: 15% of our bonds are sold to retail customers, while 42% of our funding is raised from Wealth Management deposit.

Our dedicated Mediobanca Bond and Certificates Deposits website contains all the details for our issues (prospectuses, types, maturities, recipients, etc.).

MB Group funding breakdown (December 19 € bn, %)

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Funding characteristics:
  • Well diversified funding structure: 57% retail (15% bonds, 42% WM deposits) and 43% institutional (22% bonds, 8% ECB, 13% banks and other)  
  • MB bonds totaling €19.4bn: €11.6bn senior, €2.4bn T2, €3.8bn covered bonds, €1.6bn ABS
  • Wealth Management deposits at €21.9bn: €14.5bn at CheBanca!, €7.4bn at PB companies


Last update: 07/02/2020