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Major Banks, First Cisl: + 38% profits

2019-11-09T15:42:51.067Z

16.30 Intesa, Unicredit, BancoBpm, Mps and Ubi, 5 large Italian banks, realized 8.7 billion in profits in the first 9 months of the year: + 38% compared to the same period in 2018. This is what we learn from the Report of the First Cisl study center. According to the union, the increase in profits also derives from the "sharp increase in labor productivity". But the decline in branches and employees "is dramatic": the number of employees of the 5 institutions fell from 252,986 at the end of 2018 to 247,000 in September 2019.



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09 November 201916.30 Intesa, Unicredit, BancoBpm, Mps and Ubi, 5 large Italian banks, realized 8.7 billion in profits in the first 9 months of the year: + 38% compared to the same period in 2018. This is what we learn First Cisl study center report. According to the union, the increase in profits also derives from the "sharp increase in labor productivity". But the decline in branches and employees "is dramatic": the number of employees of the 5 institutions fell from 252,986 at the end of 2018 to 247,000 in September 2019.

Source: rainews

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