Mediobanca donates another €950 thousand to Covid-19 contrast initiatives

The Mediobanca Group confirms its commitment to support initiatives related to the social, health and economic emergency caused by the Covid-19 pandemic.

The contribution allocated by the Board of Directors together with Mediobanca amounts to 950 thousand euros in support of three new  projects in the context of Covid-19 which, added to the previous initiatives, bring the overall Group commitment since the beginning of the emergency to € 2.5 million.

In particular, a contribution of € 640 thousand is the result of the waiver / reduction of the remuneration by the directors and statutory auditors belonging to the BoD, a contribution supplemented by Mediobanca with an additional € 310 thousand.

As announced on the occasion of the latest quarterly results, as part of the initiatives implemented by the bank to deal with the emergency from Covid-19, Chairman Renato Pagliaro, CEO Alberto Nagel and Group General Manager Francesco Saverio Vinci have decided to donate the the emoluments payable in respect of their positions as Board members for FY 2019-20 to initiatives linked to the emergency. The Directors and Statutory Auditors of Mediobanca have also chosed to contribute 20% of their annual emoluments to support these initiatives.

A commitment demonstrated by the donation in support of three solidarity initiatives selected in concert with the Group CSR Committee: Fondo Sempre con Voi, Fondo di Mutuo Soccorso della Città di Bergamo e Mission Bambini foundation.

Fondo Sempre con Voi established by the Department of Civil Protection is aimed at providing initial support to the families of doctors and health personnel who lost their lives in the fight against Covid-19.

Fondo di Mutuo Soccorso della Città di Bergamo finances social activities, with non-refundable contributions for those who will find themselves in conditions of extreme economic fragility, as well as supporting the economic activities of small and very small businesses in trade, crafts and restaurants, avoiding the closure of many micro businesses.

Mission Bambini was born in 2000 with the aim of giving concrete help to children who are poor, sick, without education or who have suffered physical and moral violence. During this emergency which forced the closure of schools and a radical change in habits, the foundation is offering help to support the most fragile families: through new IT equipment at study aid centers and through the activation of a psychological support to be activated in the phase of return to school and normality.




Milano, 14 july 2020