- CEO
- Massimo Antonio Doris
- Full Time Employees
- 3,871
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- Palazzo Meucci Basiglio MI Italy 20079
- IPO Date
- Apr 28, 2016
- Business
- Banca Mediolanum S.p.A. (BNCDY) operates as an Italian financial services group specializing in retail banking, asset management, and insurance through its vertically integrated Mediolanum Group, which it serves as the parent company; the firm provides a comprehensive range of products including current and savings accounts, mortgages, personal loans, salary-backed loans via subsidiary Prexta, debit/credit/prepaid cards, mutual funds (such as 'Best Brands' funds on funds, 'Challenge' mutual funds, 'Fondi Italia', and real estate funds), unit-linked policies (including MyLife), managed accounts, investment strategies like Intelligent Investment Strategy and Double Chance, retirement products, life insurance via Mediolanum Vita and Mediolanum International Life, general insurance via Mediolanum Assicurazioni (covering stand-alone policies, loan protection, and group health), banking services fees, and payment solutions; asset management occurs through Mediolanum International Funds (Ireland), Mediolanum Gestione Fondi (Italy), and Mediolanum Gestion (Spain). Founded in 1982 and headquartered in Basiglio near Milan, Italy, the company targets retail customers, affluent individuals, and high-net-worth clients primarily in Italy via a network of over 6,600 self-employed Family Bankers, in Spain through Banco Mediolanum with around 1,600 Family Bankers, and in Germany; it employs a multi-channel model without physical branches, leveraging digital platforms, apps, third-party ATMs, and human advisors, with total assets under administration/management exceeding €150 billion as of September 2025, a credit book of €18.4 billion, and nearly 2 million bank customers. Recent developments include the sale of its 3.5% stake in Mediobanca in June 2025 for €548 million to reallocate capital toward core retail and wealth management growth, particularly the Grandi Patrimoni high-net-worth platform; robust 2025 performance with 9M net inflows of €8.2 billion (managed assets €6.6 billion, on track for €8-8.5 billion full-year target), total AUA/AUM at €150.4 billion, loans granted up €37% year-over-year to €2.8 billion, general insurance gross premiums up 22% to €175 million, and net income of €726 million (up 8%); ongoing time deposit promotions (latest Q3 2025 at 3% for new liquidity), network expansion with 529 Banker Consultants supporting senior advisors, customer acquisition of 148,000 in 9M, CET1 ratio at 23.2%, and an interim dividend of €0.60 per share payable November 2025.