Fisac ​​​​Cgil, income greater within the 1st quarter at 6.3 billion, +25% on 2023 – Libero Quotidiano

2024-05-18 06:19:00

Rome, 18 Could. (Adnkronos) – The banking system continues to interrupt data. The numbers additionally elevated within the first quarter of the yr when the primary seven banking teams within the nation (IntesaSanpaolo, Unicredit, Bpm, Mps, Bper, Popolare di Sondrio and Credem) recorded income of 6.3 billion for +25, 6% on the primary three months of 2023. This was proven in a report by the Fisac ​​Cgil Research & Analysis Workplace on the outcomes of the monetary statements of the seven finest nationwide banking teams within the first quarter of 2024.

The curiosity margin, as famous within the Fisac ​​​​Cgil report, remains to be rising by nearly 7% for the pattern within the first three months of the yr in comparison with the identical interval of 2023. The dynamics of the commissions, for nearly all group, accelerating (+5.3%) and it typically stems from the stress to promote insurance coverage merchandise but in addition from these associated to the administration of securities. The results of the 2 most important parts of the core banking exercise pushed complete revenue greater (17.8 billion euros for +9.8%).

Concerning personnel prices, which additionally recorded a rise of +2.5% because of the renewal of the Abi contract, they’re nonetheless greater on common in comparison with the identical interval of 2023, though to a restricted extent, as are administrative prices, emphasizing the Fisac. report. This dynamic exhibits, when it comes to employees prices, the flexibility of the banks to behave on a administration foundation to maintain the banks underneath management, additionally and sadly by implementing employees discount insurance policies in addition to lack of turnover.

On the aspect of administrative prices (-0.5%), the forecast of investments in new expertise, explains Fisac ​​​​Cgil, as supplied in nearly all enterprise plans, means that the latter would additionally improve on the price of margin erosion. , a phenomenon that has not but occurred. Quite the opposite, the restriction of expenditure, additionally by way of a department closure coverage, to the good thing about the profitability accessible for revenue distribution, can decelerate the method of technological innovation, in addition to verify the dynamics of the discount of workers and branches.

The concern credit score deterioration, as seen once more within the Fisac ​​​​Cgil research, because of excessive charges and the slowdown of the financial system, doesn’t appear to be coming true, no less than within the dynamics of the changes within the first. quarter, nearly half in comparison with the identical interval of 2023 (-41%). Remembering that the primary seven banking teams with a registered workplace in our nation have been closed final yr with a web revenue of twenty-two.2 billion euros (up 77.4% in comparison with 2022), the data of the primary quarter of the present yr, for the instance utilized by Fisac ​​Cgil, web income 6.3 billion. The determine is identical in comparison with the primary quarter of final yr, of simply over 5 billion, so a rise of 25.6%.

These numbers are even greater, in keeping with the overall secretary of Fisac​​​​​​​​Cgil, Susy Esposito, “given the restriction when it comes to personnel expenditure, regardless of the renewal of the contract, in addition to administrative prices, the banking system should be induced i. solely to spend money on employment and native roots. : in good and new employment, presence and proximity to help residents and companies” says Esposito.