Since January of this year, Banca Mediolanum has been progressively accumulating the capital requirements to enter the list of significant banks in Europe, so that since the beginning of the year there has been supervision operated directly by the ECB.
Furthermore, on the 16th of December, the ECB announced the minimum capitalization requirements, with the result that Banca Mediolanum’s capital ratios are significantly higher than those requirements, another sign of the Group’s soundness.
Group that continues to obtain customer satisfaction, as pointed out by Doxa (https://www.bancamediolanum.it/corporate/profilo-gruppo-mediolanum/la-piu-consigliata-dai-clienti-2022). On November 30, the Group’s customers (both in Italy and Spain) reached 1,679,500, or +155,100 customers in the first 11 months of the year.
Satisfied with the results Gianluca Bosisio, general manager of Banca Mediolanum comments: “The results for 2022 are splendid. At the end of November, total net inflows exceeded 7 billion euros, of which 5.24 million in managed net inflows, data in line with our record year, 2021, which places us in the top three positions in the Assoreti ranking. The results arrived in a complex year for several reasons, including the loss of our founder Ennio Doris. Despite this, the Bank’s values and the common purpose between the Family Bankers and the head office professionals allowed managing the moment brilliantly, with the confidence of our customers, whose satisfaction made Mediolanum the bank most recommended by its customers. If I think specifically about two sensitive areas for a family, such as credit and protection, I can only be proud of the results achieved. At the end of November, 3.58 billion credits had been disbursed, surpassing the previous year’s record and the collection of premiums on protection policies amounted to 165 million euros, in line with 2021. top management of the banks in the network. Looking at the Assoreti data, Banca Mediolanum alone accounts for 98% of insurance premiums and 80% of personal loans. Two channels that fully complete the offer that can be built around the customer and that enrich the tools available to a financial consultant, who can thus aim for 30% more revenue”.
Source: IL Tempo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
