Trade BANCA MEDIOLANUM - BMED CFD

Banca Mediolanum S.p.A. Company profile

About Banca Mediolanum SpA

Banca Mediolanum SpA is an Italy-based banking institution. It operates thorough six segments: Italy Banking, Italy Asset Management, Italy Insurance, Italy Others, Spain and Germany. The Italy Banking segment provides a comprehensive range of customized solutions, which includes different kind of current accounts, payment instruments (credit, debit and prepaid cards), mortgages and loans, among others. The Italy Asset Management segment offers savings and investments through fund management activities. The Italy Insurance segment provides life and nonlife insurance policies and pension plans. The Italy Other segment comprises a series of financial items not directly attributable to the other lines of business and relating to events and businesses that extend across several areas. The segments Spain and Germany provide the same solutions under the Italian segments.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Banca Mediolanum SpA revenues increased 74% to EUR6.54B. Net income increased 64% to EUR713.1M. Revenues reflect Financial Assets/Liabilities at FV increase from EUR70.3M to EUR1.31B, Net Premiums increase of 55% to EUR2.64B, Commissions Income increase of 29% to EUR2.15B. Net income was partially offset by Net Op. Inc/Exp from Insurance Activitie increase from EUR1.86B to EUR4.09B (expense).