Intesa San Paolo, adjustment of banking contracts: average increase of 435 euros

The Institute recognizes the request made by the unions already this quarter for a pay increase, in advance of the closing of the negotiation. “It is necessary to act immediately, not to postpone the problems” declares the CEO of the bank Carlo Messina

For months the ABI and the banking unions have been negotiating the new national contract which provides for an average increase of 435 euros gross per month, a figure that takes into account the inflationary dynamics of the three-year period 2023-2025 and the redistribution of the greater productivity of the sector. “There is a negotiation underway, but as far as the people of our bank are concerned, they can be sure of counting on both the salary increase and the severance pay, which we will guarantee already this quarter” said the managing director and CEO of Intesa Sanpaolo, Carlo Messina.

The advance

“With the utmost respect for the ongoing negotiation processes, however we are the leading employer in Italy, and I think it is our responsibility to be clear that in phases of this complexity it is necessary to act immediately, not postpone the problems and look for the negotiation method that leads the greatest advantages” said Messina. “In a situation of strong profitability for our company, I am ashamed to look my people in the face if they do not also have a part of their salary”. Intesa Sanpaolo estimates a net profit of more than 7 billion euros in 2023, and at least 5.8 billion will be paid to shareholders.

Messina: I don’t see recession but growth

“I don’t see a recession in any way.” Carlo Messina is optimistic and reiterates: “I see GDP growth that can be between 0.5% and 1.2%: this is my vision of the economy for both this year and next”. He then explains that “companies continue to have an excellent liquidity position which derives from a large part of the deposits they have with banking institutions”. Finally he concludes: “The only problem our country has is the size of the public debt, which is why it is necessary to accelerate the growth of prospective programs and it is necessary to work in the future on reducing public debt”.