We have set ourselves apart in the European context for our profitability and market performance, guaranteeing high remuneration of shareholders. The extensive capital resources, the result of management and not of recourse to share capital increases, a risk/return profile among the best in Europe and excellent asset quality ensure us a solid platform for building future growth. The unique business model and proven ability to grow across-cycles enables us to turn the intrinsic criticalities of the current macroeconomic scenario into opportunities to strengthen our position.

In response to the Covid-19 pandemic, which, in March 2020, forced Italy, followed by a number of other countries, into a sudden and unexpected quarantine, we reacted quickly, promptly setting up a Crisis Unit, maximising smart working for employees without interrupting the services to customers. In this difficult scenario, the group demonstrated the value, resilience and effectiveness of the business model.

Today we are committed to implementing the guidelines of our strategic plan in order to continue our process of growth in wealth management, corporate & investment banking and consumer banking.

Company DNA based on solidity, stability and integrity

  • Capital strength, which is based on constant monitoring of costs and risks
  • Stability of the Board of Directors and of management over the last 15 years, which guarantees not only in-depth knowledge of the business context but a strategic long-term vision
  • Extremely high brand value. For almost 75 years, Mediobanca has stood part for its reputation built on reliability and quality. The credibility of the group is deeply-rooted in a responsible business approach, correctness and transparency and in the constant focus on ethics and integrity
  • Specialisation and innovation
  • Sustainable business development, targeted at creating and protecting value for all stakeholders
  • ESG strategy integrated in the strategic plan, in order to combine business growth and financial strength with social and environmental sustainability

Ability to evolve and turn criticalities into opportunities

  • Transformation from a holding company to a specialised financial group
  • Proven ability to adapt the business model to the regulatory changes and market trends
  • Business model focused on highly specialised and income-generating activities, integrated between cyclical and anti-cyclical activities, diversified between retail and corporate, capable of also growing in adverse situations
  • History of robust growth without compromising the prudent approach to risk management

Distinctive and integrated business model

  • Presence in three business sectors driven by positive structural trends in the long-term
  • Reference investment bank in Italy, now a leader also in southern Europe
  • Stand-out operator in terms of quality, innovation and value in the Italian wealth management market
  • Unique operator in Italy, leader in Corporate & Investment Banking and with a long-established presence in private banking, able to cover all entrepreneurs’ financial needs, particularly in the Mid-Caps segment
  • Ranked among the top three operators in Italian consumer credit with Compass
  • The Principal Investing division, represented almost entirely by the stake in Assicurazioni Generali, constitutes a profitable investment and a value option that can be activated in the event of growth transactions

Growth and profitability

  • Positive track record. The objectives of the 2016-2019 three-year plan, were in part reached and in some cases exceeded, with better market performances than the reference context
  • Growth based on the same level of risk, with no need for share capital increases (the last one dates back to 1998) or restructuring operations
  • High asset quality
  • Cost base under control

Remuneration of shareholders

  • Increased remuneration of shareholders during the period of the 2016-2019 plan (pay-out from 38% to 50% vs. 40% during the plan and additional buyback plan)
  • Forecast growth in remuneration of shareholders over the period of the 2019-2023 business plan, with greater visibility of dividends and buyback programmes and cancellation of treasury shares.

 

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