BANKS
Milan , January 20, 2015 – 18:03
The government has decided to turn ten banks into joint stock companies within the next 18 months. “Through the first article of this decree act on banks, but not all of the banks with assets over 8 billion. They are 10 in Italy and 18 months must exceed one-vote and become joint-stock company. It is a historic moment, “said the premier Matteo Renzi at the end of the Council of Ministers. But the operation does not meet the favor of the unions and the New Centre-Right, an ally of the government: “At the risk jobs”
Renzi: “Necessary elements of innovation”
” After 20 years of debate, we work through a law, “he added Renzi -. It is controversial and debated, the other banks if they want to be able to maintain the appearance of popular, but these 10 in 18 months will turn into Spa “surpassing the-vote (for which each member holds a single vote regardless of the number of shares owned or represented). Renzi has stressed that there is “no intervention on cooperative banks, it is not damaging the story of small institutions but to ensure that banks in the area are up to the challenges Europe and the world.” The premier stressed that “our banking system is sound, healthy and serious. But he needs to have elements of innovation. ”
The opposition of the union: “At the risk jobs’
The reform of popular launched Government puts “at risk jobs for the inevitable launch of aggregations, the possible loss in 18 months-ness of banks to a high risk in the face of foreign capital.” So says the then general secretary of Fabi, the union more representative of the bank, Lando Sileoni. “Abi and Federcasse – adds -dimostrino political intelligence reviewing their positions incomprehensible closure on employment contracts of the bank.”
Ncd:” Do not vote for a black box ‘
But even Ncd, by the mouth of the parent Nunzia De Girolamo does not approve the reform: “The Banks and popular ones Credit Cooperative – said in a statement the De Girolamo – have always been a landmark in the area and support essential for small and medium businesses, artisans, merchants, professionals and families. It is precisely for this reason that, at face value, we are not available to vote on measures to protect big business at the expense of small economic realities. ” Tougher Giorgia Meloni: “A shame, the Government friend of big business strikes again.”, While for Fraccaro Movement Five Stars, “Renzi sells off banks high finance.” And the “dissident” of the Democratic Party Fassina also expresses his reservations: “Renzi implements another important chapter of the agenda of the Troika”
“Popular stronger”
The transformation of the main banks in Spa “will make banks stronger,” said the minister instead Economy, Pier Carlo Padoan. “It is a measure that strengthens the Italian banking system that will go better and better as the recovery gets underway – added Padoan – is interest of the banking system and consumers.” “The choice quantitative” with the application of the decree to ten large banks’ reconciles the need to give a strong shock while preserving in some cases a form of governance that has served the country well, “said Padoan. “They’ll evaluated in the future other suggestions for amendment of governance.” Therefore, “gradual but clear address,” said the Minister of Economy.
The banks involved
But what are the banks affected by the reform? These are the 10 most important Italian banks. The ranking shows the first places Ubi, Banco Popolare, BPM and BPER all listed so ‘as the Valtellina Creval and Popolare di Sondrio. Also listed Banca Etruria, while out of the list are the two big Venetian: Banca Popolare di Vicenza and Veneto. The tenth, with tangible assets for more than 9 billion, is the most ‘great popular of the South: the Popolare di Bari. The system of popular has a total of 70 institutions with 9,248 branches and 1.34 million members. The banks distribute about a quarter of jobs in Italy and have total assets for 450miliardi. Are not affected by the reform, therefore, sixty banks.
January 20, 2015 | 18:03
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