Q4 2021 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Mediobanca 2020 to 2021 Full Year Results conference call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)
I would now like to hand the conference over to your speaker today, Mr. Alberto Nagel, CEO. Please go ahead, sir.
Thank you for joining the full year results call.
Our business model resilience and diversification, with great attention on growth initiatives and asset quality, paved the way for a very good year, a very strong year in terms of revenue. And actually, we experienced a real V-shaped recovery in profitability.
Revenue reached all-time level, with EUR 2.6 billion, up 5%, driven by especially Wealth Management and very robust CIB activity, offsetting Consumer Banking slowdown. We have recorded all-time high fees as well, up 18%, and a resilient NII, in the region of EUR 1.4 billion.
We managed to have a
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