Group Ambition

2019-23 STRATEGIC PLAN
DEFINITIVELY ESTABLISH MEDIOBANCA AS
FINANCIAL MODEL DEFINITIVELY ESTABLISHE
DISTINCTIVE AND SUSTAINABLE SPECIALIZED FINANCIAL PLAYER

The Directors of Mediobanca, at a Board meeting held today, have approved the guidelines of the new 2019-23 strategic plan, which builds on the excellent results achieved in the past three years.

Despite a macroeconomic scenario expected to penalize financial operators (with low economic growth, negative interest rates and strict regulation), the market still offers attractive growth opportunities for players with solid and distinctive models which are able to turn challenges into opportunities.

Against this backdrop, the Group aims to achieve growth in all segments in which we operate by leveraging on our distinctive features: focus and positioning in highly specialized, highly profitable market segments driven by long-term trends, strong capital resources, and ongoing investment in talent, innovation and distribution.

The Group will make impressive progress in terms of growth in revenues, earnings and shareholder remuneration, to the satisfaction of all our stakeholders, while preserving one of the best risk/return profiles in Europe.

 

The Group has set itself challenging objectives, confirming it is capable of delivering:

Growth
+4%
(to 3 bn)
Revenues
+4%
(EPS)
Earnings
11%
(10%)
ROTE
Up50%
(for a total of 2.5bn
over 4 years)
Shareholder remuneration
Profitability
High and sustainable,
at Group level and by division
25%
(ROAC)
Wealth Management
28%-30%
(ROAC)
Consumer Banking
16%
(ROAC)
Corporate & Investment Banking
Shareholder Remuneration
up to 2.5bn
total over 4 years
+10% in 2020,
then increasing by +5%
each year for a total of
 1.9bn
 
Dividend per share
0.3-0.6bn
total
Buyback and cancellation of treasury shares
13.5%
each year 
Cet1 ratio phased-in
ESG criteria fully integrated into business plan
ESG objectives now quantative as well as qualitative, and incorporated into senior management short- and long-term remuneration schemes
...with an integrated business model…