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 55% of our funding now comes from retail investors: 12% from our bonds sold to retail customers, while 43% of our funding is raised from Wealth Management deposit.
Our dedicated Products issued website contains all the details for our issues (prospectuses, types, maturities, recipients, etc.).
(September 2020)
Funding characteristics:
- Well diversified funding structure: 55% retail (12% bonds, 43% WM deposits) and 45% institutional (22% bonds, 11% ECB, 12% banks and other)
- MB bonds totaling €19.3bn: €11.4bn senior, €2.4bn T2, €0.5bn SNP, €3.8bn covered bonds, €1.2bn ABS
- Wealth Management deposits at €24.2bn: €15.7bn Affluent, €8.4bn at PB companies
Mediobanca confirmed as one of the leading EU banks in terms of MREL requisites
(Highlights - results at 31 March 2020)
-
MREL requirement confirmed at 21.6% of RWA (from 21.4%) for 2020 (13.13% of TLOF, based on Dic.18 data), one of the lowest in EU
-
MREL eligible liabilities (~€19.7bn as of March 2020) @41.6% of RWAs with a surplus of 20% of RWAs
Funding and liquidity indicators (at 30 June 2020)
| LCR | NSFR |
|---|---|
| 165% | 109% |
