Intesa CEO Says Carige Is 'No Problem' for Italian Banking System

The transcript discusses the minimal impact of Khadija on Italian banks, potential mergers and acquisitions, and the banking system's consolidation phase. It confirms dividend payouts and performance targets, focusing on wealth management and minor acquisitions in Switzerland. The discussion also covers asset management and its impact on valuation, emphasizing the bank's strong performance and stress test results.

What is the main reason the speaker is not worried about Khadija's impact on the Italian banking system?

• Khadija has a significant market share.

• The ECB has taken control of Khadija.

• Khadija's market share is less than 1%.

• The bank is already nationalized.

Why is there no pressure to merge with Khadija according to the speaker?

• Khadija is not interested in merging.

• The bank is too large to merge.

• The market share is already over 25%.

• The ECB has forbidden any mergers.

What is the confirmed target for dividend payouts?

• 50%

• 85%

• 100%

• 75%

What is the speaker's strategy for wealth management in Switzerland?

• Expanding into private banking.

• Acquiring large banks.

• Focusing on boutique acquisitions.

• Merging with BlackRock.

How does the speaker view the impact of political concerns on investor perceptions?

• It makes the bank less attractive.

• It has no impact on investor perceptions.

• It enhances the bank's attractiveness.

• It is based on good performance and stress test results.