Alberto Nagel
Chief Executive Officer and General Manager, Mediobanca
Replay available
Mediobanca - Banca di Credito Finanziario SpA (MDIBF) Q4 2025 Earnings Call
Mediobanca - Banca di Credito Finanziario SpA (OTC: MDIBF) Q4 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.773 -- 00:00:05.476 Good morning, and thank you for joining the call on the full year results. 00:00:05.898 -- 00:00:11.003 On many metrics, this year is the best of our history, and this is backed by a 00:00:11.003 -- 00:00:15.047 stronger commercial achievement, 00:00:15.047 -- 00:00:21.013 fostered by a stronger franchise, which is basically the trajectory we have in our plan 00:00:21.013 -- 00:00:26.298 to have a stronger industrial footprint at the end of the 00:00:26.298 -- 00:00:31.440 three-year plan. In fact, this year, we have had 11 billion net new money, which 00:00:31.440 -- 00:00:34.564 is plus 30% year-on-year. 00:00:34.564 -- 00:00:39.652 We have had an increase of 8% in average loan in CIB, up to 00:00:39.652 -- 00:00:45.040 1 billion. And we have further increased our extending capacity 00:00:45.040 -- 00:00:48.044 in printing new loans in consumer finance. 00:00:48.044 -- 00:00:52.972 You remember that our average trajectory was of 2 billion per quarter. 00:00:52.972 -- 00:00:57.676 We have reached 9 billion in a year, plus 9%. 00:00:57.676 -- 00:01:02.721 This reverted in a stronger double-digit growing fees trajectory, 00:01:02.721 -- 00:01:08.227 which exceeded 1 billion and is up 14%, 00:01:08.227 -- 00:01:14.293 and a very resilient NII backed by a stronger corporate consumer finance 00:01:14.293 -- 00:01:16.934 trend of up 9%. 00:01:18.838 -- 00:01:22.842 We have had also a lower core compared to our expectation. 00:01:22.842 -- 00:01:26.326 We had the forecasted or budgeted 50-55 00:01:26.326 -- 00:01:31.024 basis points of cost of risk we ended up at 44. 00:01:31.024 -- 00:01:36.131 this reverted into a net profit up four percent and eps up seven 00:01:36.131 -- 00:01:41.855 percent on the back of buyback which has been conc...