Mediobanca – 2023 EU-Wide Stress Test Results

Mediobanca was subject to the 2023 EU-wide stress test conducted by the European Banking Authority (EBA), in co-operation with the Bank of Italy, the European Central Bank (ECB), and the European Systemic Risk Board (ESRB).

The adverse stress test scenario was defined by the ECB/ESRB and covers a three-year time horizon (2023-25). The stress test has been carried out by applying a static balance sheet assumption as of December 2022, and therefore does not take into account future business strategies, management actions, or regulatory changes. It is not a forecast of Mediobanca profits.

Mediobanca’s Common Equity Tier 1 ratio fully loaded in the final year of the exercise (2025), in view of the fact that application of the Danish Compromise is to become permanent,[1]  would be:

  •      15.42% under the baseline scenario;
  •      10.22% under the adverse scenario.

Mediobanca’s Common Equity Tier 1 ratio fully loaded is comfortably above the regulatory limits even in the adverse scenario


Milan, 28 July 2023


[1] The fully-loaded ratio will reflect permanent application of the Danish Compromise. Conversely, the stress test exercise was carried out without application of the Danish Compromise, i.e. with the investment in Assicurazioni Generali deducted in full.