Mediobanca
To aid in the rebuilding of Italian industry in the aftermath of World War II, Raffaele Mattioli (then CEO of Banca Commerciale Italiana, the country's largest commercial bank, which promoted its incorporation together with Credito Italiano) and Enrico Cuccia established the Italian investment bank Mediobanca in 1946. From 1946 until 1982, Cuccia presided over Mediobanca. Milan, Frankfurt, London, Madrid, Luxembourg, New York, and Paris are all part of the banking conglomerate's global network.
About 85% of overall revenue and 60% of net profit come from banking operations at Mediobanca. CheBanca's establishment has led to increased diversification within banking activities, with corporate and retail banking now accounting for 50/35 of revenues and 65/35 of loans, respectively. The Bank is diversifying its funding base, and as of September 21, 2010, 18% of its funding came from the retail sector. In addition to traditional banking services, Mediobanca also oversees a diverse equity investment portfolio, including holdings in some of Italy's most prestigious insurance, publishing, and telecommunications firms.
Mediobanca is worth $8.81 billion as of April 2023. Based on its current market capitalization, Mediobanca is the 1638th most valuable corporation in the world. The most recent financial filings reveal TTM revenue of $2.05 billion for Mediobanca. With 2015 revenues of $1.97 billion, the corporation saw a decline from 2014's $2.03 billion in earnings.
Founded: 1946
Headquarters: Milan, Italy
Website: https://www.mediobanca.com
