Q2 2022 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript
Thank you for standing by. And welcome to the Mediobanca Half Year 2021-2022 Results Conference Call. (Operator Instructions) I must advise you that the conference is being recorded today.
I would now like to hand over to Mr. Alberto Nagel, CEO. Please go ahead, sir.
Good afternoon, and thank you for joining the call. I would like to draw your attention on 4 key remarks or messages in commenting this first half results.
The first one is in terms of trajectory of revenues, plus 12%, supported by strong record in terms of fee development, plus 16%, and a very positive trend in NII, which is back to growth with 2%. Very good asset quality indicators, hence a new record in terms of half year profit, so EUR 526 million, up 28% with 11% of return on tangible equity.
The second key message is that this very good P&L trend were coupled with an interesting trajectory of capital optimization through deletion of shares and new buyback. The 2 trends or
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