Lunedì, 22 Ottobre 2018
MILAN

Mediobanca reports plunge in profits, more write-downs

English
© ANSA

(ANSA) - Milan, September 20 - Mediobanca reported a
dramatic drop in profits Thursday for the past fiscal year, due
partly to increased write-downs on its holdings.
Milan-based Mediobanca, Italy's main investment bank,
reported annual net profits of just under 81 million euro in
2011-2012, a drop of 78% from profits of 369 million euro the
previous year.
Mediobanca said it will distribute to shareholders a
dividend of 5 cents, down from 17 cents the previous fiscal
year.
The bank also took 573 million euros in write-downs on
investments and increased its loan-loss provisions.
That included a write-down of 132.7 million euros on its
holdings in Italian bank UniCredit, and 113 million euros on its
stake in Telco, which controls Telecom Italia.
Mediobanca also wrote down 78 million euros in investments
in publisher RCS Mediagroup and 141.1 million in write-downs on
Greek bonds,
It reported that its core Tier 1 capital ratio stood at
11.5%, up slightly from the 11.1% reported at the end of March.
Tier 1 capital is, from a regulator's point of view, a
very important core measure of a bank's financial strength,
weighing an institution's core equity capital against its total
risk-weighted assets.

ß

© Riproduzione riservata

* Campi obbligatori

Immagine non superiore a 5Mb (Formati permessi: JPG, JPEG, PNG)
Video non superiore a 10Mb (Formati permessi: MP4, MOV, M4V)

X
ACCEDI

Accedi con il tuo account Facebook

Login con

Login con Facebook
  • Seguici su
X