Funding and rating

Our funding strategy has changed and diversified significantly over the years. Bond issues now account for less than half of our funding, compared with more than 60% in 2005, in 2008 we launched CheBanca! to access retail deposits.
 

Overall about 59% of our funding now comes from retail investors: 16% of our bonds are sold to retail customers, while 43% of our funding is raised from Wealth Management deposit.

Our dedicated Mediobanca Bond and Certificates Deposits website contains all the details for our issues (prospectuses, types, maturities, recipients, etc.).
 

MB Group funding breakdown (September19 € bn, %)

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Funding characteristics:
  • Well diversified funding structure: 59% retail (16% bonds, 43% WM deposits) and 41% institutional (21% bonds, 8% ECB, 12% banks and other)  
  • MB bonds totaling €19.3bn: €12bn senior, €2.4bn T2, €3.8bn covered bonds, €1.1bn ABS
  • Wealth Management deposits at €22.6bn: €14.8bn at CheBanca!, €7.8bn at PB companies

 

Last update: 24/10/2019