(Reuters) -Italy’s Banca Mediolanum said on Thursday its 2025 net interest income would be around last year’s level, raising the forecast communicated in July, after posting an 8% jump in its net income for the first nine months of the year.
The Italian bank now sees the net interest income stabilizing in 2025 and growing in 2026, based on the current interest rate curves. It had previously projected a 3% decrease in the key metric for 2025, compared to last year.
It confirmed other parts of its annual guidance, with net inflows into managed assets of between 8 billion and 8.5 billion euros ($9.3 billion and $9.9 billion), and said it expected net inflows to be “equally sustained” in 2026.
“We believe all conditions are in place to close 2025 as one of the best years in our history,” CEO Massimo Doris said in a statement.
The bank’s board of directors has approved an interim dividend of 60 euro cents per share, Mediolanum said, confirming expectations that the overall dividend paid for 2025 would increase compared to the prior year.
($1 = 0.8575 euros)
(Reporting by Mirko Miorelli in Gdansk, editing by Milla Nissi-Prussak)
