Banca Mediolanum

Banca Mediolanum
Native name
Banca Mediolanum S.p.A.
FormerlyProgramma Italia Investimenti SIM
Company typepublic
BITBMED
FTSE MIB Component
IndustryFinancial services
Founded
  • 1991
  • 1997 (Banca Mediolanum)
HeadquartersBasiglio, Metropolitan City of Milan, Italy
Key people
ServicesRetail banking, life and non-life insurance, mutual funds
Decrease €249.8 million (3Q 2020)
Total assetsIncrease €87.6 billion (3Q 2020)
Total equityIncrease €2.070 billion (2015)
Owner
  • Fininvest (30.042%)
  • Ennio Doris (29.639%)
  • consortium led by Lina Tombolato (6.731%)
  • equity fund of T. Rowe Price (3.035%)
  • others[1]
Subsidiaries
  • Mediolanum Vita
  • Mediolanum Assicurazioni
  • Mediolanum Gestione Fondi SGR
  • Mediolanum Comunicazione
  • Mediolanum Fiduciaria
  • Fermi & Galeno Real Estate
  • Bankhaus August Lenz & Co.
  • Banca Esperia (50% JV)
Capital ratio19.66% (CET1)
Websitebancamediolanum.it
Footnotes / references
source[2]

Banca Mediolanum S.p.A. is an Italian bank, insurance and asset management conglomerate which is the parent company of Gruppo Mediolanum (Mediolanum Group). The CEO of the company is Massimo Antonio Doris, and the bank is listed on the Borsa Italiana and is a constituent of the FTSE MIB index from the end of 2015 when it incorporated its parent company Mediolanum S.p.A. Mediolanum Group was founded by Ennio Doris, the current second largest shareholders of the conglomerate. The conglomerate provided asset management, banking, and insurance services to customers in Italy, Spain (as Banco Mediolanum and Fibanc) and Germany (Bankhaus August Lenz & Co.)

Despite being ranked sixth by market capitalization among financial services companies (behind Intesa Sanpaolo, UniCredit, Assicurazioni Generali, UnipolSai and Mediobanca in 2016), the conglomerate (Mediolanum S.p.A.) was ranked 13th by total assets among bank (2014 data),[3] as well as much smaller in size by risk-weighed assets, thus the conglomerate (Mediolanum S.p.A nor Banca Mediolanum) was not designated as a "significant institution" under European Banking Supervision.[4] However, after Banca Mediolanum reversed the merger with Mediolanum, the European Central Bank started a comprehensive assessment to assess the conglomerate and decided the conglomerate would not be included.[5] Eventually, Banca Mediolanum has been designated in 2021 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.[6]

References

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  1. ^ CONSOB Archived 2016-09-21 at the Wayback Machine data Accessed on 24 September 2016
  2. ^ "2015 Bilancio Consolidato" [2015 Consolidated Annual Report] (PDF) (in Italian). Banca Mediolanum. 8 April 2016. Retrieved 1 May 2016.
  3. ^ "LE PRINCIPALI BANCHE ITALIANE" (PDF) (in Italian). Ricerche e Studi. 10 November 2015. Archived from the original (PDF) on 28 October 2017. Retrieved 21 February 2016.
  4. ^ "Aggregate report on the comprehensive assessment, October 2014" (PDF). European Central Bank. 26 October 2014.
  5. ^ "ECB to conduct comprehensive assessment of four banks in 2016". European Central Bank. 10 May 2016. Retrieved 11 May 2016.
  6. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
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