Cgia: low Rates but commissions to the stars in the banks in italy – Corriere della Sera

Italian Banks in the crosshairs for the "fixed" costs charged to customers. In 2015, the percentage of the net commission revenues of the banks was the highest in Europe and reached to 36.5%, more than a third of total revenues. It reports a study of the Cgia of Mestre, which draws up a ranking of the customers pounded in Europe. After the italians follow the French, with a share of the incidence of the commissions on the revenues of the banks amounted to 32.9%. In Austria and Germany, this percentage drops to 27.5% and 26.2% respectively, while in the Netherlands falls to 17%, i.e. at a value equal to less than half that of italy. In 2015, net revenues in absolute arising from bank charges in our Country are close to 30 billion euros, nearly 5 billion more than in 2008.

In particular, the research department of Cgia, the report indicates that in the past 7 years (2008-2015), the growth of the costs of current accounts, credit cards and other banking services in Italy, a surge that has not had an equal in the rest of Europe. If the increase was 20% in Italy, the United Kingdom has stopped to 11.5%, France 11.1%, Spain 6.5%, while in Germany fell by 4.6%, Belgium 7%) and in the Netherlands fell by 27%. Paul Zabeo of the research department of Cgia has observed that “if we take into account that the economic crisis increased dramatically the suffering-in-chief to the customers and the fall in interest rates has reduced to the minimum terms, the margin of profitability of our banks, the latter weighed down by fixed costs still too high have deemed it cheaper to cut jobs, and therefore the risks, and increase revenue from commissions on current accounts, on the services atm/credit cards, the service of collection/payment, and the extra credit, such as the sale of securities, currencies and capital instruments”.

From the beginning of the crisis (2008) to 2015, in fact, according to the Cgia, the net revenues of Italian banks from lending operations fell by 13 billion
(-25,3%), against the proceeds attributable to the net commissions increased by € 4.9 billion (+20%) and the one relative to the other income, net (consisting primarily of the business of insurance or trading of securities, foreign currency and capital instruments) increased to 11 billion (+556,5%). Although in recent years has steadily decreased, the Cgia indicates that structural costs in the domestic banking system remain the highest in Europe. Calculated the incidence of operational expenses (attributable to cost of staff, taxes, property management, general operation, etc.) related by 2015 (equal to 52,4 billion euros), the total amount of assets (as at 31 December 2015 amounted to 2.723 billion euros), the result amounted to 1,93%. A given that is clearly higher than all the percentages related to the top 10 economies of the bank of the european Union.

October 1, 2016 (change on October 1, 2016 | 10:48)

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