Mediobanca is a specialised financial group, whose business model is based on synergic, high profit margin and low capital intensity business sectors and in which the group boasts a solid competitive position.

  • Since 2016, we have cemented our position in the Italian Wealth Management market, which offers significant long-term growth opportunities. We serve Affluent customers with CheBanca! and HNWI and UHNWI customers with Mediobanca Private Banking and Compagnie Monégasque de Banque.
  • In Corporate & Investment Banking activities, in which our roots lie, we hold a position of undisputed leader in Italy. We offer companies high-quality Advisory, Lending, Capital Market and Specialty Finance solutions. We have also established a consolidated presence abroad, in Spain and France in particular.
  • Since our foundation, we have been present in the Consumer Banking market, where our subsidiary Compass Banca is one of the three main operators in Italy.

The 2019-2023 business plan forecasts further growth of the group and in the returns for all stakeholders, thanks to the effective and unique business model, albeit in a macroeconomic scenario that is expected to be challenging for the whole financial sector.

Highlights (annual consolidated results at 30 June 2022)

The Group delivered solid results in FY 2021-22:

  • revenues up 8% to €2.85bn, with record fee income (+14% a/a) and NII (+5% a/a);
  • cost/income ratio flat at  46%;  cost of risk at 48 bps YoY);
  • net profit €907m (+12% YoY);
  • adj. ROTE1 10%;
  • DPS 2022 at €0.75, equivalent to 70% cash payout;
  • sustainability strategy continues to be implemented.
PROFIT AND LOSS ACCOUNT   BALANCE SHEET   OTHER INFORMATION  
Revenues: € 2.85 bn Total assets: € 90.6 bn S&P rating BBB
GOP risk adj: € 1,3bn Customer loans: € 51.7 bn Fitch Rating BBB-
Net profit: € 907 mln Funding: € 61.2 bn Moody's Baa1
Cost/ income ratio 46% Lending/funding: 85 % Payout 70%
Cost of risk 48 bps TFA € 80.2 bn Capitalisation: € 7.4 bn
ROTE 10% CETI 15.7% No. of staff:5,016  

1) ROTE calculated using adjusted net profit (GOP net of loan loss provisions, minority interest and taxes, with taxation normalized at 33%, 25% for PB and AM, 2% for PI).

P12 Ricavi EN

Our structure is based on three complementary and synergic pillars: Asset Management and Private Banking, sectors in which we gradually established a foothold over the last few years and in which we intend to invest further, also through targeted acquisitions; the historical activity of Investment Banking (Corporate & Investment Banking), in which we have a leading position in Italy, with a deeply-rooted presence abroad; Consumer Banking activity, in which we have been pioneers in Italy ever since our foundation.

Our revenues are currently balanced between Corporate/Principal Investing (roughly 40%) and Retail/Private (around 60%) activities. Revenues from equity investments refer primarily to the 13% stake in Assicurazioni Generali (from valuation using the equity method).

P13 RicaviPerProdotto EN

Over the last few years we have diversified our lending, to ensure a balance between corporate and retail.
Corporate loans:

  • in Wholesale Banking, our group concentrates on large corporate, and around half of lending is carried out abroad;
  • our portfolio is diversified by business sector and is increasingly less concentrated;
  • we are not present in FICC activities (fixed income, currencies and commodities), in the process of global restructuring, and nor even in problematic segments/products such as small Italian companies, the shipping market and real estate development.

Retail loans:

  • Consumer Banking accounts for roughly half of retail lending, with the remainder primarily residential mortgages;
  • Consumer lending loan book is highly fragmented with a 24 month duration, personal loans rapresent more than half of the toal amount.
P14 ImpiegiPerDivisioni EN
  • TFA around €80.9bn as at June 22
  • AUM/AUA around 65% of TFA
  • Wealth Management deposits at €29bn
P16 MasseGestione EN
  • Portfolio optimised by dimension and composition
  • Prudent risk management based on the selection of high quality assets

 

P16 PortafoglioTitoli EN

IT’S TO SAVE ENERGY!

This screen means your monitor consumes less energy when your computer is idle

Just move your mouse to start browsing again