Conference Call Participants
Gian Ferrari – Mediobanca – Banca di credito finanziario S.p.A., Research Division
Davide Giuliano – Equita SIM S.p.A., Research Division
Alberto Villa – Intermonte SIM S.p.A., Research Division
Presentation
Operator
Good day and thank you for standing by. Welcome to Banca Mediolanum H1 2026 Results Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to Alessandra Lanzone, Head of Investor Relations. Please go ahead, madam.
Alessandra Lanzone
Head of Investor Relations
Hello, everyone, and welcome to our first half ’26 results conference call. It is a pleasure to have you with us today.
Before we begin, I’d like to remind you that during the Q&A session, you’re welcome to ask your questions in the language of the line you are calling from. We’ll answer in Italian as usual, but with simultaneous English translation.
With that, I’ll turn the call over to our CEO, Massimo Doris, joined with our CFO, Angelo Lietti. Thank you.
Massimo Doris
CEO & Director
Thank you, Alessandra. Good afternoon, everyone, and thank you for joining us.
The first half of the year reminded us that the world will always find new reasons to create uncertainty. The year began with shifting expectations around interest rates. During the second quarter, renewed geopolitical tensions, higher energy prices and periods of market volatility added another layer of complexity.
While the headlines changed, one thing did not, the importance of helping our customers, stay focused on their long-term financial goals. Indeed, our customers didn’t stop investing, didn’t freeze and didn’t retreat. They continued to invest with confidence, relying on the professional guidance of our Family
