Mediobanca Group
Banking businesses   Equity holding   Asset Management
Corporate & Investment Banking (CIB)   Retail and Consumer
Banking (RCB)
  Principal Investing (PI)   MAAM1
  • Revenues €1bn, CAGR +10% 
    ow 45% non-domestic
  • ROAC = 12-13%
 
  • Revenues €1bn, CAGR +7%
  • Chebanca! at break-even
  • ROAC = 10-11%
 
  • Reduce equity exposure by €2bn ow 3pp AG stake
  • Redeploy capital into banking business
 
  • Revenues up to 15% of Group banking 
    revenue in 5Y
Wholesale Banking   Consumer credit   Mediobanca Group
  • Enlarge customer base
  • Enhance international reach
  • Complete product mix
  • Reduce K needs
 
  • Loans up to €11bn, CAGR +4%
  • ROAC = 13-14%
 

Reduce equity exposure by €2bn


Resume banking revenues growth: €2.1bn, CAGR +10%
ROE up to 10-11%
CET1: 11-12%
Payout 40%

         
Private banking   Retail banking        
  • CMB: enhance distribution and 
    product range
  • Esperia: improve profitability, cost management
 
  • Total deposits up to €14bn, CAGR +5%
  • Direct deposits: from €12bn to €10bn
  • AUM: from €1bn to €4bn
       
1) MAAM contribution not included in BP targets