The excellent performances over the last 10 years are the result of the process, launched in 2003, of in-depth evolution of Mediobanca, which transformed the group from a holding company to a highly specialised financial operator.

(€M) JUN.12 JUN.13 JUN.14 JUN.15 JUN.16 JUN.17 JUN.18 JUN.19 JUN.20 JUN.21
NET INTEREST INCOME 1,070 1,028 1,087 1,143 1,207 1,288 1,359 1,396 1,442 1,415
NET TREASURY INCOME 267 200 45 207 133 121 157 197 136 197
FEES AND COMMISSIONS 484 410 424 472 450 523 622 611 630 745
EQUITY-ACCOUNTED COMPANIES 170 -10 264 224 257 264 280 321 304 272
TOTAL REVENUES 1,990 1,628 1,819 2,045 2,047 2,196 2,419 2,525 2,513 2,628
ADMINISTRATIVE COSTS -789 -752 -791 -847 -892 -1,024 -1,115 -1,162 -1,189 -1,238
LOAN LOSS PROVISIONS -468 -507 -736 -533 -419 -317 -247 -223 -375 -249
OPERATING PROFIT 732 370 292 666 736 855 1,057 1,140 949 1,142
OTHER INCOME (EXPENSE) -526 -392 209 92 1 59 39 -56 -154 -37
PROFIT (LOSS) BEFORE TAX 206 -23 501 757 736 914 1,096 1,084 795 1,104
NET PROFIT (LOSS) 81 -176 465 590 605 750 864 823 600 808
COST OF RISK (BPS) 129 145 230 168 124 87 62 52 82 52
COST/INCOME RATIO (%) 40 46 43 41 44 47 46 46 47 47
NO. OF STAFF 3,506 3,505 3,570 3,790 4,036 4,798 4,717 4,805 4,920 4,921

 

  JUN. 12 JUN. 13 JUN. 14 JUN. 15 JUN. 16 JUN. 17 JUN. 18 JUN. 19 JUN. 20 JUN. 21
TREASURY AND SECURITIES AT FV 22,211 21,743 19,789 14,777 16,322 16,455 13,327 12,759 13,760 14,418
EQUITY INVESTMENTS 3,165 2,587 2,871 3,411 3,163 3,037 3,211 3,260 3,205 3,703
CUSTOMER LOANS 26,310 33,455 30,552 32,890 34,739 38,191 41,128 44,394 46,685 48,414
FUNDING 55,788 51,288 45,834 42,711 46,658 49,121 46,893 51,393 54,917 56,156
NET EQUITY 6,419 7,017 7,373 8,169 8,922 9,192 9,732 9,899 9,740 11,101
RWAS 55,161 52,373 58,744 59,577 53,862 52,709 47,363 46,310 48,030 47,159
CT1 RATIO (%) 11.5 11.7 11.1 12 12.1 13.3 14.2 14.1 16.1 16.3

 

  • Net interest income, stably grown and diversified in last decade, representing ~55% of total income, fee income ~30%, Principal investing (AG) and trading ~15%
  • Corporate / Retail diversification substantially improved: retail business up to >60% of Group revenues
  • Fee income contribution up from 22% to 28% of total revenue due to Wealth Management development

Retail includes mortgages, private banking and consumer banking – Corporate includes wholesale and leasing % calculated on divisional figures, gross of intercompany

P20 RicaviGruppo EN
  • Loan book: Corporate/retail representing now ~ 45%/ ~ 55%
  • Retail loans have increased steadily, while corporate lending stable due to high levels of market liquidity
  • Funding retail contribution: 55% of funding from retail investors mainly from deposits

Loan book: Retail includes mortgages, consumer banking and private banking – Corporate includes wholesale and leasing
Funding: Retail includes CheBanca! and Private banking deposits, MB bond placed to retail investors - Institutional includes MB bonds placed to institutional investors, interbank, ECB and other items

P21 EvoluzioneStrutturaPatrimoniale EN
  • Since the creation of the Wealth Management division in 2016 TFAs has doubled from 32bn to 71bn (5YCAGR: +18%)
  • Capital-light revenues1 as well doubled and now account for >30% of Group revenues
  • Loan book has grown steadily reaching €50bn (5YCAGR: +7%) with lower density (RWA/Total asset) due to ongoing capital absorption optimization

1) K-light revenues: WM revenues (NII+Fees) + CIB fees (excl. Lending and Specialty Finance)

P22 ImpieghiPerDivisione EN
P22 Indici EN

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