Mediobanca was created in 1946 at the initiative of the three leading post-war banks in Italy: Banca Commerciale Italiana (now Intesa San Paolo S.p.A.), Credito Italiano (now Unicredit) and Banca di Roma (subsequently Capitalia and then taken over by Unicredit).
Mediobanca was admitted for listing on the stock exchange in 1956.
In the 1970s, the group played a major part in restructuring the Italian industrial sector. As a major corporate banking player, Mediobanca assisted the development and international expansion of Italy’s leading industrial groups.
Mediobanca International was set up in 1990 to operate on the international capital markets and currently operates on the stock exchanges of Frankfurt, London, Madrid, Milan, Paris and Rome.
In the early 2000s the group diversified into private banking, focusing its services on the top end of the market, aiming to create synergies with its core investment banking activities.
As part of this new development strategy, in May 2002 Mediobanca raised its stake in CMB by acquiring 34% of the capital from the Bank’s historical shareholders. A year later it raised its stake to 61.64%, making it the sole other shareholder in CMB alongside Banca Commerciale Italiana, now Banca Intesa.
Finally, in December 2004, the group became the sole shareholder of CMB.
CMB is Mediobanca group’s main international private banking arm. Mediobanca serves its Italian private banking clients through its subsidiary Banca Esperia.
In Italy, it operates in consumer credit through Compass and in Internet banking through CheBanca!.