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Banks: First-Cisl, productivity drives first 5 groups commissions

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Daniele Franco:

(ANSA) – MILAN, NOVEMBER 10 – Net commissions drive the financial statements of the five largest Italian banking groups (Intesa Sanpaolo, Unicredit, Banco Bpm, Mps, Bper). In the first nine months of the year, their growth (+ 11.3%) pushed operating revenues up (+ 4.7%), which benefited from the strong increase in productivity. This is the picture outlined by the analysis of the First Cisl studies office on the accounts of the third quarter of 2021. The jump in net commissions occurred despite the downsizing of the territorial presence and employment, which clearly – the study highlights – does not facilitate relations with customers. The reduction in branches and employees was 8.3 percent and 4.3 percent, respectively. “It is essential that the objectives of further increases in commissions, due to the repercussions on bank workers, already subjected to heavy commercial pressures, and on the relationship with customers, are achieved within a framework of sustainability, showing consistency with the ESG criteria”, underlines the general secretary of First CISL, Riccardo Colombani. (HANDLE).

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Source From: Ansa

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