(ANSA) – ROME, FEBRUARY 10 – Commissions have driven the results of the top five Italian banks in 2021 which have seen falling costs and a further reduction in branches and employees. This is what emerges from an analysis conducted by the First Cis research office, on the accounts of Intesa Sanpaolo, Unicredit, Banco Bpm, Mps, Bper which shows an increase in operating income of 4.2% compared to a year ago, “made possible precisely from the extraordinary growth in net commissions (+ 10.1% “).
According to the study, the cost / income ratio (cost / income) drops from 57.5% to 55.7%, with a reduction of approximately 8300 employees and the closure of over 1600 branches (-11.6% ). “All the labor productivity indicators show significant increases: the primary margin per capita increases by 6%, while the net commissions per employee jumped by 13.8%” reads. For the general secretary of the trade union Riccardo Colombani “an increase so strong productivity makes it necessary to address the issue of redistribution to workers: their contribution was decisive despite the criticalities caused by the sharp contraction of branch networks. A further reduction in cost / income would risk irremediably separating work from wealth. produced.
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Source: Ansa
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