MILANO – The entry of 2.4 million Ubi customers into Intesa Sanpaolo, with the integration involving one thousand branches and 15 thousand employees, led to the launch of the new structure of the Banca dei Territori division: twelve regional offices, one new department dedicated to Agribusiness alongside the Impact department and those dedicated to retail customers and SMEs. “With the completion of the integration of Ubi, the migration of its customers and the entry of new colleagues, we are even closer to families and businesses to carry out together the fundamental path of post-Covid recovery and to participate in the implementation of the NRP by virtue of ‘commitment of the almost 50,000 people of the Banca dei Territori “, said the head of the Banca dei Territori, Stefano Barrese, during the presentation of the new structure of the Intesa Sanpaolo Division.
For Italy, the growth estimate was raised to 4.6% in 2021
Introducing the presentation of the new Bank of the Territories was the chief economist of Intesa Sanpaolo, Gregorio De Felice, who framed the “turning point” that the Italian economy is experiencing “which is emerging from the recession” but above all it faces “a a truly historic opportunity to modernize the country “. Globally, the United States and Asia are driving the global recovery: Intesa attributes growth of 7.5% to the United States this year. A rebound is also expected for the Eurozone, but more contained at 4.1%.
As for Italy, which from an export-oriented economy will benefit from the recovery of global trade flows, Intesa already sees this quarter a growth of 1% over the previous quarter, which will rise to + 2% in the third period of the year. year. Overall for 2021, the forecast is expected to rise to 4.6%, to then move to + 4% in 2022. “The big bet for our country today is to lay the foundations for more sustainable growth in the long term, from 2025 onwards – explained De Felice – It will be possible not only by making investments and the enabling reforms of the NRP, but by simplifying the Public Administration and justice, and increasing competition in sectors where it is still low “. On the other hand, fully exploiting the Next generation Eu is important for Italy which – the economist recalled – accounts for 41% of the resources of the European facility, considering that many countries have not requested resources for the total amount of their potential. The driving force, as always, of the restart will come from the manufacturing sector. Already five sectors in 2021 reach pre-Covid activity levels: pharmaceuticals, food, appliances, construction products and other intermediate goods. The projection to 2025 sees electrical engineering, electronics, mechanics, car and motorcycle components, construction (aided by state investments) in the top five of the relaunch.
Businesses, agriculture and young people in the strategy of the Banca dei Territori
Barrese stressed in presentation that “the new Bank of the Territories” has the objective of “giving 14 banks to the national territory”, the twelve Regional Departments “very close to businesses and families” to which the new Agribusiness and Impact Directorates are added. to companies that have specific needs “. The first, entrusted to Renzo Simonato, aims to oversee one of the largest Italian production sectors which represents 11% of GDP, serving over 80,000 client companies with 230 operating points, worth over 12 billion euros in loans. The Impact Department, led by Marco Morganti, is instead dedicated to the social impact objectives of Intesa Sanpaolo with 96 operating points throughout Italy, expanding the financial inclusion initiatives to obtain visible effects on the community.
On the disbursement, in the first 5 months of the year, the Banca dei Territori made medium / long-term disbursements for a value of approximately 20 billion euro in favor of households and businesses, with a growth of 12% compared to the first five months of 2020. Of these, 11 billion were disbursed to SMEs and very small enterprises. Barrese remarked that now the reorganized Banca dei Territori can count on “4 thousand branches, 14 million customers and an impact on the company, between deposits and loans, equal to about half of the Italian GDP, that is to say 800 billion”. A figure that sums up “250 billion in loans and 550 billion in savings for Italians”. On Patrimonio Rilancio – the measure for the capital strengthening of companies over 50 million in turnover fueled by the Mef at the CDP – Anna Roscio, Head of Businesses in the Sales & Marketing department, detailed: “We look at companies that have growth potential, we are working with Cdp “
Following the integration of Ubi, added Barrese, Intesa Sanpaolo has decided to “manage the individual territories with greater precision”, for example “by segmenting Lombardy into three and North West, North East and South into two regional directions”. The intent, he concluded, is “to reach households and businesses even better than in the past”.
The declared objectives are “to revive the confidence of SMEs with investments towards digitalization, ecological transition, internationalization and supply chain systems; support the restart by accompanying families and young people in their real estate, protection and asset management choices; extend advanced digital and multichannel services to support customers “. Precisely on young people’s mortgages, Barrese explained that the Banca dei Territori “is ready to support the important government initiative” which has raised the guarantees for those with ISEE below 40 thousand euros. As for the moratoriums, to date the account updated by Barrese is 50 billion: “It is an emergency tool, but it has had its day. The ideal tool for companies is now given by loans that extend the duration of those in the moratorium, up to 20 years “.