Mediobanca SpA (OTCPK:MDIBY)
$ 14.335 -0.0923 (-0.64%) Market Cap: 11.81 Bil Enterprise Value: 43.07 Bil PE Ratio: 11.82 PB Ratio: 1.02 GF Score: 81/100
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Q3 2019 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript

May 09, 2019 / 12:30PM GMT
Release Date Price: $10.02 (-2.81%)
Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Mediobanca Third Quarter 2018 to 2019 Results Conference Call. (Operator Instructions) I must advise you that the conference is being recorded today on Thursday the 9th of May, 2019.

I would now like to hand the conference over to your speaker today, Mr. Alberto Nagel, CEO. Please go ahead, sir.

Alberto Nicola Nagel
Mediobanca Banca di Credito Finanziario S.p.A. - CEO & Director

Good afternoon and thank you for joining the call. This 9 month results shown top revenues, all time revenues -- all time high revenues, GOP and return on tangible. And those results were driven by strong commercial activity that reverted into a growth in total financial assets of 8% with EUR 5.1 billion of net new money, growth in loans by 8% coupled with the same increase in funding of 8% and a net stable funding ratio at 107%. The growth in revenue has been 5% with NII up 3%, client trading activity or CMS activity up 21%. Resilient fees that reverted into a GOP adjusted, risk

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