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Homepage > Communication > Press releases > Financial statements for six ... Financial statements for six months ended 31 December 2020 approved Price sensitive 6M results Strong commercial recovery confirmed by all business segments , impact of second lockdown smoothed Net profit three times higher than 2H 2019-20 , at € 411m ; ROTE 10 % , CET1 16.2 % . Estimated divident payout ratio @ 70 % of net profit confirmed Revenues of € 1,301m ( up 10 % HoH ) reflect record net fee income of € 383m ( up 27 % HoH , up 17 % YoY4 ) and flat net interest income of € 720m despite slowdown in Consumer Banking new business Cost of risk halved at 50 bps , with asset quality at best - ever levels NPLs decreasing in relative terms , to 3.3 % of total loans ( gross ; 1.3 % net ) , coverage ratios increasing , for performing as well as non - performing loans All divisions posted strong revenues and high profitability WM : revenues up 6 % HoH to € 302m , on higher TFAs and margins - ROAC1 21 % CIB : revenues up 50 % HoH to € 364m , client business buoyant - ROAC 19 % Consumer Banking : revenues down 4 % HoH to € 515m , due to temporary slowdown in new business post - first lockdown ; ROAC 28 % Important ESG target achieved Carbon neutrality , green bond , CheBanca ! social projects , Governance enhancements 2Q results Net profit € 211m ( up 5 % QoQ ) Revenues up 8 % QoQ4 to € 675m , reflecting 2 % QoQ increase in NII and fees Revenues at all - time high in CIB ( € 182m ) , WM acclerating ( revenues up 7 % to € 156m ) , Consumer Banking resilient ( revenues down 2 % , to € 256m ) Cost of risk down to 39 bps ( vs 61 bps in 1Q 2020-21 ) : operating indicators back to pre - Covid levels , substantial writebacks to UTP corporate positions ( € 84m ) offset by rigorous prudential provisioning ( approx . € 50m ) SREP CET1 requirement ( 7.94 % ) and MREL requirement ( 21.85 % ) confirmed for 2021 , among the lowest levels in Europe , with comfortable operating buffers The Mediobanca Group posted a strong commercial recovery in the six months in all business segments , with the impact of the second lockdown being smoothed , and the Group's already excellent risk profile being strengthened further , mostly on prudential grounds .