2016/19 strategic plan guidelines approved
Price Sensitive
- Acceleration of business model reshaping Mediobanca to become long-term value player
- Substantial growth in high-margin banking activities (GOP forecast to reach €1bn; 3-year CAGR +10%)
- Prioritized development of new Wealth Management division (target contribution 40% of Group fee income)
- 100% of Banca Esperia acquired
- Increasing capital generation optimization of capital management and allocation processes (further stake disposals of €1.3bn targeted)
- Definitive transformation to diversified banking group
- Banking activities’ contribution to group GOP up to 80% (from 60%)
- Strong reduction in capital allocated to PI (from 33% to 20%)
- Further enhancement in Asset quality
- ROTE 10%, CET1 ratio 14%
- 200 bps capital available for acquisitions
Milano, 17th November 2016