Mediobanca SpA (WBO:MB)
€ 13.765 -0.26 (-1.85%) Market Cap: 11.41 Bil Enterprise Value: 41.13 Bil PE Ratio: 12.44 PB Ratio: 1.03 GF Score: 76/100
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Q1 2021 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript

Oct 27, 2020 / 02:00PM GMT
Release Date Price: €6.36 (-3.64%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Mediobanca First Quarter 2020/2021 Results Conference Call. (Operator Instructions) For your information, this conference is being recorded.

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

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

Good afternoon and thank you for joining the call. This is the call of the first quarter where we can say we have had quite a positive start to the new financial year where some business recovery after lockdown was ahead of expectation and despite seasonality. In particular, IB revenue was picking up and the pipeline rebuilding after the lockdown. New loans in Consumer Banking was back -- were back to 75% of pre-COVID levels, and this was enough to offset the loan expiring in Q1. And we have still enjoyed a very solid trend in Wealth Management, in particular in Affluent and Private segment.

These positive commercial results were coupled with

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