Mediobanca is a specialised financial group, whose business model is based on synergic, high profit margin and low capital intensity business sectors and in which the group boasts a solid competitive position.

  • Since 2016, we have cemented our position in the Italian Wealth Management market, which offers significant long-term growth opportunities. We serve Affluent customers with CheBanca! and HNWI and UHNWI customers with Mediobanca Private Banking and Compagnie Monégasque de Banque.
  • In Corporate & Investment Banking activities, in which our roots lie, we hold a position of undisputed leader in Italy. We offer companies high-quality Advisory, Lending, Capital Market and Specialty Finance solutions. We have also established a consolidated presence abroad, in Spain and France in particular.
  • Since our foundation, we have been present in the Consumer Banking market, where our subsidiary Compass Banca is one of the three main operators in Italy.

The 2019-2023 business plan forecasts further growth of the group and in the returns for all stakeholders, thanks to the effective and unique business model, albeit in a macroeconomic scenario that is expected to be challenging for the whole financial sector.

Highlights (annual consolidated results at 30 June 2022)

The Group delivered solid results in FY 2021-22:

  • revenues up 8% to €2.85bn, with record fee income (+14% a/a) and NII (+5% a/a);
  • cost/income ratio flat at  46%;  cost of risk at 48 bps YoY);
  • net profit €907m (+12% YoY);
  • adj. ROTE1 10%;
  • DPS 2022 at €0.75, equivalent to 70% cash payout;
  • sustainability strategy continues to be implemented.
Revenues: € 2.85 bn Total assets: € 90.6 bn S&P rating BBB
GOP risk adj: € 1,3bn Customer loans: € 51.7 bn Fitch Rating BBB-
Net profit: € 907 mln Funding: € 61.2 bn Moody's Baa1
Cost/ income ratio 46% Lending/funding: 85 % Payout 70%
Cost of risk 48 bps TFA € 80.2 bn Capitalisation: € 7.4 bn
ROTE 10% CETI 15.7% No. of staff:5,016  

1) ROTE calculated using adjusted net profit (GOP net of loan loss provisions, minority interest and taxes, with taxation normalized at 33%, 25% for PB and AM, 2% for PI).

P12 Ricavi EN

Our structure is based on three complementary and synergic pillars: Asset Management and Private Banking, sectors in which we gradually established a foothold over the last few years and in which we intend to invest further, also through targeted acquisitions; the historical activity of Investment Banking (Corporate & Investment Banking), in which we have a leading position in Italy, with a deeply-rooted presence abroad; Consumer Banking activity, in which we have been pioneers in Italy ever since our foundation.

Our revenues are currently balanced between Corporate/Principal Investing (roughly 40%) and Retail/Private (around 60%) activities. Revenues from equity investments refer primarily to the 13% stake in Assicurazioni Generali (from valuation using the equity method).

P13 RicaviPerProdotto EN

Over the last few years we have diversified our lending, to ensure a balance between corporate and retail.
Corporate loans:

  • in Wholesale Banking, our group concentrates on large corporate, and around half of lending is carried out abroad;
  • our portfolio is diversified by business sector and is increasingly less concentrated;
  • we are not present in FICC activities (fixed income, currencies and commodities), in the process of global restructuring, and nor even in problematic segments/products such as small Italian companies, the shipping market and real estate development.

Retail loans:

  • Consumer Banking accounts for roughly half of retail lending, with the remainder primarily residential mortgages;
  • Consumer lending loan book is highly fragmented with a 24 month duration, personal loans rapresent more than half of the toal amount.
P14 ImpiegiPerDivisioni EN
  • TFA around €85bn
  • AUM/AUA around 68% of TFA
  • Wealth Management deposits at €27bn
P16 MasseGestione EN
  • Portfolio optimised by dimension and composition
  • Prudent risk management based on the selection of high quality assets


P16 PortafoglioTitoli EN


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