Q3 2022 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to Mediobanca 3 Quarter 2020 Results Conference Call. (Operator Instructions) I would now like to hand the conference over to the CEO, Mr. Alberto Nagel. Please go ahead, sir.
Thank you. Good afternoon for joining the earnings call. I would start, I would say, highlighting the solid trend of the third quarter backed by strong commercial performance and IP earnings contribution. This is based on quite a [healthy] new loan production in consumer finance, EUR 1.89 billion, up 18% and large corporate as well, 1.7%, coupled with intense IB activity levels, in particular in M&A. And I would say, in particular, with above expectation net new money trend of EUR 2.5 billion with a total of roughly EUR 7 billion in 9 months, which is 2.5x last year. This led to TFA in the region of EUR 80 billion and EUR 700 million revenue and EUR 190 million of net profit.
So on the back of this third quarter, we can add a 9
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