Alberto Nagel
CEO & Managing Director, Mediobanca S.p.A.
Replay available
Mediobanca - Banca di Credito Finanziario SpA (MDIBF) Q2 2025 Earnings Call
Mediobanca - Banca di Credito Finanziario SpA (OTC: MDIBF) Q2 2025 earnings conference call, held 2025-02-11. Replay captured from the company's public earnings webcast.
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Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:01.972 -- 00:00:06.097 Good morning to everybody, and thanks for joining the call. 00:00:06.097 -- 00:00:11.643 We are halfway of our plan, so one brand, one culture, and the 00:00:11.643 -- 00:00:17.069 first half of the second year has delivered €660 million of net profit 00:00:17.069 -- 00:00:20.594 with the return on tangible equity of 14%. 00:00:20.594 -- 00:00:25.639 We have had a strong commercial activity across the different business, and we have 00:00:25.639 -- 00:00:30.831 improved all our business positions. In wealth management, we have had roughly 00:00:30.831 -- 00:00:35.920 5 billion of net new money. In CIB, we have not only confirmed 00:00:35.920 -- 00:00:41.409 our strong positioning in Southern Europe, but also thanks to ARMA, 00:00:41.409 -- 00:00:45.436 we have had an important leg in the fee generating business. 00:00:45.436 -- 00:00:50.525 In consumer finance, we have printed more than 4 billion of new loans, and this 00:00:50.525 -- 00:00:54.007 is clearly above sector growth. 00:00:54.200 -- 00:00:57.724 For this reason, revenue were up a single digit. 00:00:57.724 -- 00:01:01.407 So six months on six months, they were up 7%. 00:01:01.407 -- 00:01:05.511 Cost income ratio stood at 42%. 00:01:05.511 -- 00:01:10.576 And the main driver has been in the last six months, the important growth in fees, 00:01:10.576 -- 00:01:15.661 which is one of the theme of our plan. So producing more fees and 00:01:15.661 -- 00:01:20.867 using less capital. So fees were up 30% driven by CID and wealth 00:01:20.867 -- 00:01:26.584 management. The core was stable with some encouraging sign of a slight 00:01:26.584 -- 00:01:31.830 decrease in the quota. This led to, as I said, an important 00:01:31.830 -- 00:01:37.156 jump in profit and also in EPS, wh...