Banca Mediolanum Unsp/Adr (BNCDY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to Banca Mediolanum H1 2026 results conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To enter the queue for questions, please press star 1 1 at any time. You will then hear an automated message advising that your hand is raised. To answer your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Alessandra Lanzone, Head of Investor Relations. Please go ahead, Madame. Hello, everyone, and welcome to our first top 26 results conference call. It is a pleasure to have you with us today. Before we begin, I'd like to remind you that during the Q&A session, you're welcome to ask your questions in the language of the line you're calling from. will answer in Italian as usual, but with simultaneous English translation. With that, I'll turn the call over to our CEO, Massimo Doris, joined with our CFO, Angelo Ietti. Thank you. Thank you, Alessandra. Good afternoon, everyone, and thank you for joining us. The first half of the year reminded us that the world will always find new reasons to create uncertainty. The year began with shifting expectations around interest rates. During the second quarter, renewed geopolitical tensions, higher energy prices, and period of market volatility added another layer of complexity. While the headlines changed, one thing did not, the importance of helping our customers stay focused on their long-term financial goals. Indeed, our customers didn't stop investing. didn't freeze and didn't retreat. They continued to invest with confidence, relying on the professional guidance of our family bankers, rather th...