Half Year 2023 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript
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.
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%
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
