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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Q1 2023 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript

Oct 27, 2022 / 01:00PM GMT
Release Date Price: $8.99 (+2.28%)
Operator

Good day, and thank you for standing by. Welcome to the Mediobanca First Quarter 2020 to 2023 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand over the conference to Mr. Alberto Nagel, CEO. Please go ahead, sir.

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

Good afternoon to everybody, and thank you for joining the call. In commenting this first quarter, I would say that this quarter has been featured by growth, profitability, innovation and sustainability. Growth and profitability because notwithstanding the tough scenario, we were able to have a robust growth in profitable assets. So loans up 7% year-on-year. And this led growth of the revenue at the all-time high with 760 up 7%, with an NII, which was surprisingly better than what we have thought at EUR 400 million, up 11% and fees up as well at 4% at 210.

We have kept absolute quality in the assets with a core stable and overlay untouched. This led at the end, the

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