Q3 2019 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript
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.
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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