Mediobanca's Attributable Net Profit Rises In First Nine Months Of 2026

Editorial Staff

6 November 2026

has reported €1.09 billion ($1.10 billion) attributable net profit in the first nine months of this year, rising 13.3 per cent on a year earlier. Pre-tax profit, meanwhile, rose 8.6 per cent to €1.98 billion.

Net operating income rose 11.4 per cent; operating costs dipped 0.5 per cent, the Milan-headquartered banking group said in a statement yesterday.

The bank had a Common Equity Tier 1 ratio of 15.0 per cent on a phased-in basis.

Wealth management profit fell 21.7 per cent to €164.9 million in the nine-month period, affected by higher tax rate and non-recurring charges of €28 million.

Assets under management and administration rose 4.6 per cent to €88.8 billion. Total financial assets (TFAs) stood at €117 billion, holding steady. The cost/income ratio of this part of the business narrowed to 66.2 per cent.

“The growth and contribution of all our divisions have been positive. Corporate and investment banking posted record revenues for the nine months; in consumer finance, business was again buoyant and profitable, with new loans of almost €8 billion; while wealth management reflected stability in revenues, TFAs and distribution network, confirming the value of its business model,” CEO and general manager Alessandro Melzi d’Eril said.

In its outlook, Mediobanca said wealth management is “expected to see the reduction in profitability decrease, with activities gradually normalising, and despite the charges taken to retain commercial staff and clients.”

As reported earlier in 2026, Banca Monte dei Paschi di Siena has taken full control of Mediobanca and is de-listing it. The brand identity will be preserved.