Mediobanca Banca di Credito Finanziario Spa (OTCPK: MDIBF)Q3 2025 Results Telephone Conference May 9, 2025 4:00 AM ET ET
Company participants
Albert Nagel – CEO
Participants in conference calls
Giovanni Razzoli -Deutsche Bank
Luigi de Bellis -Equita Sim
Britta Schmidt – Autonomous Research
Albert Nagel
Thank you for joining the phone. The bank’s first nine months showed and confirmed a stable growth trajectory in terms of revenues, profits and ROTE at 14% levels. We have been doing very strong commercial activities in all our businesses. Starting with wealth management, we recorded net funds of 7 billion euros, up 42% compared to last year. The CIB has rebounded to new loan production of 1 billion euros, an increase of 8% from the previous year. And we have a very strong new loan in consumer finance, reaching the 6.7 billion euro level, up 9% in nine months.
This has returned to a 5% revenue increase, which, like I said, made a double-digit rate jump at 24% even with a small growth NII. Low COR, this is essentially on a better trajectory at industry level and at high capital generation. This is 55 basis points driven by the CIB and Consumer Finance, and since it started with the new LGD in January, it released capital. This also returned with a high payout with a provisional dividend of 0.60% – 0.66 euros per share. And this, of course, was 70% of net profit in six months and completed almost 70% of stock buybacks.
There has also been a solid progression over the past three months, especially in this very high second quarter, when closed or very significant transactions were made. Nevertheless, we also have a very high level of fees
