Intesa Seeing Quicker Expansion in Wealth Management: CEO Messina

The video discusses the significance of wealth management in generating income, especially in a negative interest rate environment. It highlights the strategic focus on converting deposits into assets under management, particularly in Italy, where there is a substantial growth opportunity. The challenges of expanding outside Italy and the importance of maintaining client relations to mitigate negative interest rates are also covered.

What percentage of income is derived from wealth management?

• 30%

• 42%

• 50%

• 60%

What is a key feature of the business model discussed in the video?

• Focus on real estate

• Emphasis on wealth management

• Reduction of client base

• Expansion through acquisitions

Why is it challenging to grow outside of Italy?

• Lack of skilled workforce

• Limited market size

• High competition

• Goodwill and litigation issues

How does the bank plan to mitigate the impact of negative interest rates?

• By reducing operational costs

• By expanding into new markets

• By increasing loan interest rates

• By converting deposits into wealth management products

How much in assets was converted in three months?

• €10 billion

• €1 billion

• €2.5 billion

• €5 billion