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Mediobanca: Third Quarter Results

FINANCIALS

Mediobanca (BACRED: Baa1/BBB) 3Q Results


Mediobanca slightly beat estimates with Net Income of 334.9 +7.8% ahead of 310.7 consensus.

  • CET1 15.2% better than 14.9% expected.
  • Total Capital 17.8%
  • NPL Ratio 2.5%
  • RWA in-line at EUR 48.7bn
  • Net Interest Income EUR 495.9m
  • Loan Loss Provision 62.8m vs 76.01 estimate

CEO Alberto Nagel highlights the “ excellent results in terms of value creation and capital efficiency”. Overall a decent set of results.

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