The group disclosed its new three-year plan ending in 2019. The period will see the completion of the business model which refocuses on specialised high margin banking businesses with a priority development in Wealth Management at the expense of a reduced equity portfolio (€1.3bn reduction half stemming from the 3ppt reduction in the stake in Generali to 10%). The combination of an increased contribution from low-capital intensive fee income and reduced capital intensity stemming from th
17 Nov 2016
New three-year business plan
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New three-year business plan
Mediobanca - Banca di Credito Finanziario S.p.A. (MB:WBO) | 0 0 -0.2% | Mkt Cap: 8,706m
- Published:
17 Nov 2016 -
Author:
David Grinsztajn -
Pages:
2
The group disclosed its new three-year plan ending in 2019. The period will see the completion of the business model which refocuses on specialised high margin banking businesses with a priority development in Wealth Management at the expense of a reduced equity portfolio (€1.3bn reduction half stemming from the 3ppt reduction in the stake in Generali to 10%). The combination of an increased contribution from low-capital intensive fee income and reduced capital intensity stemming from th