Q4 2020 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Mediobanca 2019 to 2020 Full Year Results Conference Call. (Operator Instructions)
I must advise you that this call is recorded today, Thursday, the 30th of July 2020.
And I would now like to hand over to Mr. Alberto Nagel, CEO. Please go ahead, sir.
Thank you. Good afternoon, and sorry for our being a bit late. But I would like to comment with you the full year results and in particular, the fourth quarter results.
COVID-19 impact was managed successfully, and this clearly confirms the validity and the uniqueness of our business model. We do think that also based on what happened in the last 2 crisis, so 2008, 2011, Mediobanca is uniquely positioned in resilient segment. So is the 2 extreme of the market, households on one hand with compass; and large and mid-caps with, I would say, CID and other activity of wholesale banking, and mainly presence -- and more and more presence
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