Banco Bpm’s business plan identifies the “three fundamental pillars of growth” in “a new digital-driven business model”, with remote transactions and sales that will rise above 90% and 50% respectively in 2024, from one ” growth in volumes and profitability of the core business “leveraging” digitalization, distinctive skills, franchise value and added value of our specialized factories “as well as the” full production of the product factories “represented by Anima, Agos and bancassurance .
Thus the “core” revenues of the Family Banking segment are expected to grow in 2021-2024 with an average annual rate (cagr) of 19.2%, the net commissions from assets under management of 6.3%, the “core” revenues of the SMEs segment by 5% and those in investment banking by 5.6%. The greater integration and contribution of Banca Aletti, specialized in private banking, will translate into 123 million in commissions in 2024. while “core” revenues of over 160 million are expected from Banca Akros.
Banco Bpm talks about “a concrete and structured plan to make the most of all the opportunities deriving from the NRP and to support the country’s economic growth”, with the aim of increasing net core loans to customers to 121 billion in 2024 (cagr of 2.6%) and generate net flows of managed deposits of 14.5 billion over the plan period.
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Source From: Ansa
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