Results and presentations

Alberto Nagel, CEO of Mediobanca, said:

“The Group has started FY 2023-24 in a satisfactory manner, laying solid foundations for the  development of the initiatives contained in the 2023-26 Strategic Plan ‘One Brand-One Culture’, navigating an uncertain and challenging operating scenario dynamically and proactively, and delivering excellent results in terms of value-oriented and capital-light growth. In 1Q the Group posted a record bottom-line quarterly result, with net profit of over €350m, reducing RWAs by over €1bn and improving ROTE by 2 percentage points (to over 14%)”.