Record Milestones Achieved
Banca Mediolanum reached over EUR 150 billion in assets and more than 2 million customers, marking significant growth milestones.
Strong Financial Performance
Net income increased by 8% to EUR 726 million, operating margin expanded by 5%, and net commission income rose by 11%.
Robust Net Inflows
Net inflows grew by 14% to EUR 8.16 billion, with managed asset inflows surging 21% year-on-year.
Improved Recurring Fee Income
Recurring fee income increased significantly, driven by higher average managed assets, even as interest rate tailwinds softened.
Strong Capital Position
The CET1 ratio increased to 23.2%, and the board declared an interim dividend of EUR 0.60 per share.
Growth in Spain
Total assets in Spain grew by 14%, with managed assets rising by 15% and net inflows increasing by 68%.