Banca Mediolanum
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Native name
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Banca Mediolanum S.p.A. |
|---|---|
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Formerly called
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Programma Italia Investimenti SIM |
| Società per azioni | |
| Traded as | BIT: BMED |
| Industry | financial services |
| Founded |
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| Headquarters | Basiglio, Metropolitan City of Milan, Italy |
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Key people
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| Services | Retail banking, life and non-life insurance, mutual funds |
| Profit |
 €438.613 million (2015) |
| Total assets |
€44.710 billion (2015) |
| Total equity |
€2.070 billion (2015) |
| Owner |
|
| Subsidiaries |
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| Capital ratio | 19.66% (CET1) |
| Website | bancamediolanum.it |
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Footnotes / references source |
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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 bank is listed on the Borsa Italiana and is a constituent of the FTSE MIB index from the end of 2015 when it incorporated it parent company Mediolanum S.p.A..
Mediolanum Group was found by Ennio Doris, the current second largest shareholders of the conglomerate. The conglomerate provided asset management, banking, insurances services to customers in Italy, Spain (as Banco Mediolanum and Fibanc) and Monaco (Bankhaus August Lenz & Co.)
Despite ranked sixth by market capitalization among financial services company (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), as well as much smaller in size by risk-weighed assets, thus the conglomerate (Mediolanum S.p.A nor Banca Mediolanum) was not included in the Single Supervisory Mechanism. However, after Banca Mediolanum reversed merger with Mediolanum, European Central Bank started a comprehensive assessment to access the conglomerate would be include not. Eventually Banca Mediolanum remained as a less-significant bank, which would not be supervised by the European Central Bank directly.
The current CEO of the company was Massimo Antonio Doris.
The current major shareholder of the financial institute were Doris family and Fininvest. They formed a shareholders' pact for 51% stake. However, the voting rights of Fininvest was in fact suspended as Italian court ruled that Silvio Berlusconi cannot owned more than 10% stake of any financial institute after a tax evasion.
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