Mediobanca, the revenue touches billion in 9 months | EUROtoday

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In the primary 9 months of the Mediobanca train registered 2,767.9 million revenues and 993.2 million helpful each up 5%. The financial institution will distribute a deposit on the dividend of 0.56 euros per share with detachment on May 19 and steadiness in November.

“Growth despite the uncertainties”

“Mediobanca confirmed in the nine months, despite the uncertainties of the scenario, the growth of all its divisions, consolidating the main initiatives of the 2023-26 plan,” stated Alberto Nagel. “The aggregation between Banca Generali and Mediobanca, which we announced on April 28 and which we will bring by approval by the shareholders to the assembly of 16 June, completes the transformation path of the Mediobanca Group into a diversified player, focused on high -growing business and low absorption of capital, excellent for creation of value for stakeholders. With over 50% of the revenues in the Wealth Managely and over 210 billion of customers of customers, MB will become a leader of the Wealth Management, a reference point in the Italian and European financial scene “, he added.

On the outcomes, the banker careworn that “all the physical and digital distribution platforms have been enhanced, attracting the best talents; the offer of services has been expanded and repositioned more and more on the private investment banking model, with excellent recognition by customers and consultants.

Confirmed guidance

In the press release released by the group, Mediobanca, “on the premise of the outcomes obtained thus far and the potential inherent within the enterprise mannequin” confirms, for the closure of the current year: a net collection of 9-10 billion; Growth revenues, with increasing low Double Digit and margin of resilient interest (despite the expected descent of interest rates) for the strength of the consumer finance (compass), capable of absorbing the reduction of the returns of the other active ingredients; Cost/revenue ratio and cost of risk under control; growth in profit by action in the expected range of 6/8%; A remuneration of the shareholders who will see the completion of the ongoing buyback plan (385 million already implemented for 71%), a 70% cash-pay out (deputy deposit in May 2025 and balance in November 2025) and further buyback decisions that will be communicated by the end of the exercise.

“Value with Banca Generali, dangers with MPS”

As for the ongoing operations, according to Piazzetta Cuccia “the mixture between Mediobanca and Banca Generali permits you to create worth for all bearers”. Regarding the OPS launched by MPS, it should be noted that “then again MPS provide on Mediobanca has quite a few threat components”. In specific, the mixture actuality would have a medium -sized business financial institution profile, with excessive capital absorption, extremely delicate to the macroeconomic context, with out strengthening in any of the segments of exercise and by remaining unchanged the dangers inherent within the MPS finances. It additionally has an absence of MPS document -breaking document tracks in Wealth Management and Corporate Investment Banking.