The quarter enjoyed ongoing positive momentum in Consumer Banking and further cost of risk reduction that more than offset a reduced contribution from treasury assets. As regards the rest of the year, in an uncertain macro and political environment, management expects a resilient net interest income driven by Consumer and Retail Banking and a reduced cost of risk, while operating expenses are expected to rise driven by investments.
03 Nov 2016
Consumer Banking momentum and cost of risk reduction
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Consumer Banking momentum and cost of risk reduction
Mediobanca - Banca di Credito Finanziario S.p.A. (MB:WBO) | 0 0 -0.2% | Mkt Cap: 8,706m
- Published:
03 Nov 2016 -
Author:
David Grinsztajn -
Pages:
2
The quarter enjoyed ongoing positive momentum in Consumer Banking and further cost of risk reduction that more than offset a reduced contribution from treasury assets. As regards the rest of the year, in an uncertain macro and political environment, management expects a resilient net interest income driven by Consumer and Retail Banking and a reduced cost of risk, while operating expenses are expected to rise driven by investments.