Corporate & Investment
Banking
 
  Retail and
Consumer
Banking
  MAAM1
(setting up)

Wholesale banking

  Consumer credit  
  • Low capital intensive business, competence driven
  • Fee-based recurrent business 
  • “Solutions” business (large scale not always needed)
  • Setting up through acquisitions of small-size asset management businesses
  • First step in MAAM set up with acquisition of credit asset specialist Cairn Capital in August 2015
  • Historical Mediobanca DNA Leadership in Italy, growing visibility in EMEA
  • “Solutions”/event-driven business
  • Diversified and balanced revenue pool
  • Profitable but cyclical business

ROAC:5%

 
  • Business run since 1960s
  • Specialized business,high entry barriers
  • Revenue stabilizer, group NII driver, high profitability
  • High credit risk fragmentation


ROAC:20%

 

 

Private banking
 
  Retail banking  
  • Specialized business
  • Resilient source of revenues, with low K absorption
  • Business synergic with CIB

ROAC: 22%

 

 
  • Effective, innovative, multi-channel distribution platform set to become leading digital bank
  • Diversification of Group funding sources
  • Resilient source of revenues increasing focus on managing households’ savings

ROAC:5%