In the first quarter of the 2024/2025
financial year, Italy's premier merchant bank Mediobanca saw its
profit fall to 330 million from 351.3 in the same period last
year and revenues remain stable at 864.6 million from 864
million.
CEO Alberto Nagel said the bank's priority was "organic growth
and not mergers and acquisitions".
Mediobanca shares fell 7% on the Milan stock exchange.
photo: Nagel
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