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 61% of our funding now comes from retail investors: 17% of our bonds are sold to retail customers, while 44% 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 (June19 € bn, %)

founding group
 
  
Funding characteristics:
  • Well diversified funding structure: 61% retail (17% bonds, 44% WM deposits) and 39% institutional (20% bonds, 8% ECB, 12% banks and other)  
  • MB bonds totaling €18.5bn: €12.1bn senior, €2.4bn T2, €3bn covered bonds, €1bn ABS
    • Wealth Management deposits at €22.6bn: €15bn at CheBanca!, €7.4bn at PB companies

 

Last update: 31/07/2019