Mediobanca - Banca di Credito Finanziario SpA (MDIBF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.131 -- 00:00:02.954 Good morning and thank you for joining us. 00:00:02.954 -- 00:00:07.358 Today I will give you some highlights on Mediobanca's results for the six months ended 00:00:07.358 -- 00:00:09.839 30 June 2026. 00:00:10.250 -- 00:00:15.614 We close the first half of the year with the best revenues and net profit in our history, 00:00:15.614 -- 00:00:19.836 delivering record results, particularly for corporate and investment banking and for 00:00:19.836 -- 00:00:24.920 consumer finance. These results once again demonstrate the strength of our diversified 00:00:24.920 -- 00:00:29.923 business model, the quality and commitment of our people, and the discipline 00:00:29.923 -- 00:00:32.785 with which we manage growth, cost and risk. 00:00:32.785 -- 00:00:37.968 The six months also confirm our ability to execute during a period of transition, 00:00:37.968 -- 00:00:43.012 While wealth management continued to operate in a stabilization phase, consumer finance 00:00:43.012 -- 00:00:47.435 maintained excellent commercial momentum, corporate and investment banking delivered 00:00:47.435 -- 00:00:51.658 an outstanding performance, and several initiatives connected to the integration with 00:00:51.658 -- 00:00:55.881 MPS have already started across all business segments. 00:00:55.881 -- 00:00:58.924 Let me start with the highlights of the six-month performance. 00:00:58.924 -- 00:01:05.407 Revenues almost reached €2 billion for the first time, increasing by 6% year-on-year. 00:01:05.701 -- 00:01:10.662 Growth was driven by the excellent performance of corporate and investment banking, by 00:01:10.662 -- 00:01:15.984 the continued expansion of consumer finance and by the strong contribution from insurance 00:01:15.984 -- 00:01:21.186 and principal inves...