Intesa CEO Says Italian Banking Is Under Control

The transcript covers an interview with the CEO of Intesa Sanpaolo, discussing the bank's financial performance, strategies, and market conditions. Despite challenging markets, the bank has shown profit growth and aims to exceed previous income levels. The CEO highlights efforts in reducing non-performing loans, focusing on wealth management, and maintaining cost efficiency. The discussion also touches on job cuts, the TLTRO program, and the Italian banking landscape. The CEO remains optimistic about future opportunities and emphasizes the importance of motivating employees.

What was the unexpected financial outcome for Intesa Sanpaolo in the second quarter?

• A loss in profits

• Stable profits

• An increase in profits

• A decline in profits

What is the current NPL ratio for Intesa Sanpaolo?

• 2.8%

• 4.2%

• 5.0%

• 3.6%

Which company did Intesa Sanpaolo partner with for managing unlikely to pay loans?

• UniCredit

• UBS

• Prelios

• Deutsche Bank

What is Intesa Sanpaolo's strategy to increase income during difficult times?

• Betting on private banking, asset management, and insurance

• Reducing the number of branches

• Expanding into new countries

• Focusing on retail banking

What is the expected turning point for the reduction in interest rates according to Mr. Messina?

• End of 2019

• Mid-2020

• End of 2020

• Beginning of 2021

How many people has Intesa Sanpaolo agreed to exit with trade unions?

• 500

• 1000

• 2000

• 1500

What is the biggest challenge for Intesa Sanpaolo's CEO according to the interview?

• Reducing costs

• Expanding internationally

• Motivating people

• Managing interest rates