Banca Mediolanum: first-half net profit up 16% to 555 million

(Il Sole 24 Ore Radiocor) - Banca Mediolanum closed the first half of 2026 with a net profit of 555.5 million, up 16 per cent compared with the first half of 2025. Net commission income rose to 705.7 million (+10% year-on-year), thanks to “strong commercial performance, combined with robust growth in assets under management over the last 12 months”, the group emphasised in its results statement. Net interest income stood at 478.5 million (+30%), the contribution margin came in at 1.16 billion (+14%) and operating profit reached 683.8 million (+20%). The cost-to-income ratio fell from 37.6 per cent as at 31 December 2025 to 36.1 per cent, thanks to the increase in revenue and a disciplined approach to expenditure.

Total net inflows stood at 6.37 billion, up 4 per cent year-on-year, whilst net inflows amounted to 4.20 billion (-7 per cent compared with the record first half of 2025). Total assets under management and administration rose to 168.23 billion (+30% compared with 30 June 2025 and +8%

(from the end of 2025), ‘thanks to strong inflows

'achieved by the group and the positive contribution from the financial markets'. Loans granted during the period totalled 2.08 billion (+12 per cent). The Group’s lending to customers stood at 19.69 billion (+4 per cent compared with the end of last year and +9 per cent year-on-year). The Common Equity Tier 1 Ratio as at 30 June 2026 stood at 22.7%, compared with 23.0% recorded as at 31 December 2025.

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