RESULTS AND PRESENTATIONS

POSITIVE START TO FY19/20: NET PROFIT UP 10%, ROTE>10%

SUSTAINABILITY AND DISTINCTIVENESS OF MB ACCRETIVE VALUE CYCLE CONFIRMED ONCE AGAIN

Risultati al 30 settembre 19 ENG
 
MB continues on its growth roadmap,
leveraging on the effectiveness of its diversified business model
with focus on high-margin, specialized, growing businesses
whose growth is driven by long-standing trends,
with one of the lowest risk/high return profiles in Europe
Sustainability and distinctiveness of MB accretive value cycle confirmed in 1Q FY 2019-20
Growth in revenue-generating assets,
TFAs up 5% YoY to €68bn (up 1% QoQ), with €1.1bn of qualified NNM (AUM/AUA) in Affluent and PB segments in last 3M
Loans up 6% YoY to €45bn (up 1% QoQ)
fostered by robust capital (CET1@14%¹) and strong business positioning
delivered 7% growth in revenues (to €684m, up 7% YoY and QoQ)
NII and fees at €514m, up 3% YoY and QoQ
funding investment in people (headcount up 3% YoY, to 4,840 employees), innovation and distribution,
keeping operational gearing and asset quality at among the best levels in Europe
Banking² C/I ratio ~50% - CoR at 58bps – Gross NPLs/Ls ~4%
Net profit up 10% YoY to €271m (up 37% QoQ³)
Banking activities and Group delivered ROTE adj.4 >10%

 

MEDIOBANCA RESULTS AS AT 30 SEPTEMBER 2019 

Last update: 24/10/2019