Q1 2022 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Mediobanca First Quarter 2021-2022 Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today. (Operator Instructions)
I would now like to hand the conference over to your speaker today, CEO Alberto Nagel. Please go ahead.
Thank you to everybody for joining the call.
I should say that we have started quite well this new fiscal year, with all business segment trends ahead of expectation. This was particularly true on Wealth Management, thanks to large distribution scale and the improved offering. The Private and Investment Banking model is increasingly effective and is taking more market share. The Investment Banking revenues in general were particularly robust, but the news is that also Consumer Banking ahead of the schedule is bouncing back in terms of new loan production, coupled with excellent asset quality.
We have had also a steady
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