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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Half Year 2023 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript

Feb 09, 2023 / 02:30PM GMT
Release Date Price: €10.33 (+1.08%)
Operator

Good day, and thank you for standing by. Welcome to Mediobanca Half Year 2022-2023 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

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

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

Good afternoon, and welcome to the conference. Commenting the 6 months results, I think we have to highlight both the 3 months last quarter and the overall 6 months results are well above our target of plan. In particular, the last 3 months show a level of revenue, which is all-time high, EUR 900 million and EUR 300 million of net profit. This was fostered by a very strong NII trend, much stronger than what we have thought, thanks to asset growth, effective repricing and very good management of cost of funding. Fees were up 9% and 25% Q-on-Q, thanks to a very robust IB and Wealth Management trend. Coverage ratio all-time high and coupled with a very strong capital position at 15.1%

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