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Mediobanca: 9 month profit and revenues grow, payout confirmed

2022-05-11T10:55:06.623Z


Mediobanca closes the nine months with a profit of 716 million up by 19% and revenues up 9% to 2,147 million thanks to the interest margin and commissions. The latter are growing due to wealth management development and the contribution of investment banking. (HANDLE)


(ANSA) - MILAN, 11 MAY - Mediobanca closes the nine months with a profit of 716 million, up 19% and revenues up 9% to 2,147 million thanks to the interest margin and commission.

The latter are growing due to wealth management development and the contribution of investment banking.

In the quarter, net profit was stable at 190 million and revenues of approximately 700 million.


    The bank has no material exposure to Russia and Ukraine risk.

The buyback of up to 3% of the capital is in progress after the 2% has already been repurchased and a 70% cashpayout is confirmed which, added to the buyback payout, ensures a return of 100%.

(HANDLE).


Source: ansa

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