Financial results

Chief Executive Officer and General Manager Alessandro Melzi d’Eril commented as follows:

“Mediobanca delivered a GOP of €552m in the first three months, up 14% QoQ and up 4% YoY, a solid performance despite the operating and market scenario which reflect high levels of turmoil and uncertainty. A vibrant commercial performance provided good momentum in lending activity by the Consumer Finance division and a recovery in fee income, which grew by 6% QoQ, driven by a strong contribution from Corporate and Investment Banking activities (up 34% QoQ). This set of results reflects our daily commitment to working alongside our clients to provide them with high-quality services. The results are also a testimony to the discipline we have shown in this transitional phase, and enhance the foundations for the upcoming merger process with Banca MPS, on which we remain fully focused. In this process I remain convinced that the distinguishing capabilities of our people plus eighty years’ history in serving the Italian industrial system will contribute to generating value for our all our stakeholders”.