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: 12% 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: 53% retail (10% bonds, 43% WM deposits) and 47% institutional (34% securities, 13% banks and other)
- MB securities totaling €31.2bn: €19.7bn senior preferred&Certificates, €1.5bn SNP, €1.3bn T2, €8.7bn secured
- Wealth Management deposits at €30.3bn: €18.3bn Premier, €12.0bn Private Banking
MREL requirement for 2025 among the lowest in EU:
- 23.92% RWA
- 5.91% LRE (Leverage Ratio Exposure)
- MREL own funds and eligible liabilities @ 43% of RWAs with a surplus of more than 19% of WAs vs MREL requirement
- More than 90% of MREL requirement covered by own funds and subordinated debt
Funding and liquidity indicators (at 31 12 2025)
| LCR | NSFR |
|---|---|
| 161% | 115% |