At the end of the year, Mediolanum's core tier 1 should be 15% higher than the current 14%. “Banca Mediolanum's core tier 1 in 2013 stood at 14%. Following the transformation of the Mediolanum group into a banking group, we estimated that core tier 1 would fall by around 12%, but in truth it will be higher than 15% given that we can remove non-core equity investments such as insurance companies and Mediobanca, amortizing them over the 5 years old".
Thus explained yesterday Massimo Doris on the sidelines of the presentation of the technology for payments via mobile phone which will start on Monday. "Considering the depreciation that we will carry out in future years and the growth in profits starting from 2015, we will be able to be more generous with coupons" added Doris, recalling that "up to now we have distributed around 50% of our profits in the form of dividends".
At the opening of markets, the title is slightly less than flat for Mediolanum, which in Piazza Affari loses 0,4% a 6,095 euro.
