Funding and rating
Our funding strategy has changed and diversified significantly over the years. Bond issues now account for less than half of our funding, compared with more than 60% in 2005, in 2008 we launched CheBanca! to access retail deposits
Overall about 56% of our funding now comes from retail investors: 13% from our bonds sold to retail customers, while 43% of our funding is raised from Wealth Management deposit.
Our dedicated Products issued website contains all the details for our issues (prospectuses, types, maturities, recipients, etc.).
(June 2020)
Funding characteristics:
- Well diversified funding structure: 56% retail (13% bonds, 43% WM deposits) and 44% institutional (22% bonds, 10% ECB, 12% banks and other)
- MB bonds totaling €18.8bn: €10.8bn senior, €2.4bn T2, €0.5bn SNP, €3.8bn covered bonds, €1.3bn ABS
- Wealth Management deposits at €23.8bn: €15.3bn Affluent, €8.5bn at PB companies
Mediobanca confirmed as one of the leading EU banks in terms of MREL requisites
(Highlights - results at 31 March 2020)
-
MREL requirement confirmed at 21.6% of RWA (from 21.4%) for 2020 (13.13% of TLOF, based on Dic.18 data), one of the lowest in EU
-
MREL eligible liabilities (~€19.7bn as of March 2020) @41.6% of RWAs with a surplus of 20% of RWAs
Funding and liquidity indicators (at 30 June 2020)
| LCR | NSFR |
|---|---|
| 165% | 109% |
