Bper, here is the first praise (and relief) of the trade unions for Montani
All the latest trade union news at Bper after Montani's arrival as a company in place of Vandelli. The article by Emanuela Rossi
It seems that for the first time Piero Montani, who has been at the helm of Bper after taking the place of Alessandro Vandelli, and the union coordinators Fabi, First, Fisac, Uilca and Unisin of the group, have been confronted for the first time.
At least according to the words of the five acronyms that in a joint note said they had caught "interesting signs of attention to the well-being of workers and the protection of customers" and to hope that "these statements translate into a different approach to commercial activity".
Montani, on the strength of a good quarterly report that was influenced by the acquisition of Ubi Banca branches following the Opas launched by Intesa Sanpaolo on the Lombard group, did not hide the fact that Bper has become the third banking group in a short time and that work needs to be done for consolidation and then assured that the group will participate – also through Pnrr – in the post-pandemic reconstruction.
WHAT MONTANI SAID TO THE UNIONS
As the unions report, during the meeting Montani illustrated the results of the first three months of the year, highlighting how "the profit was influenced by extraordinary items, positively by the badwill of the Intesa-Ubi transaction, negatively by goodwill, costs of additions and additional adjustments ". The CEO emphasized the recent acquisition of branches, which led Bper to be present in all Italian regions, excluding Valle d'Aosta, with approximately four million customers, 18,300 employees and 1,857 branches. Montani reiterated "the firm intention to focus on integration" and underlined "the hard work that awaits us to keep our customers and prevent the masses 'melting like snow in the sun', averting the danger of customer disaffection" .
COMPARISON WITH TRADE UNIONS ON COMMERCIAL DEVELOPMENT, CREDIT QUALITY AND AGGREGATIONS
The company and trade unions then discussed in particular on some issues, also addressing organizational issues. With regard to commercial development, it was said that "the new branches acquired and the historical ones will continue to work as they have done so far before reaching a common culture". In addition, "the work will be divided into the various centers of responsibility, without burdening only those in the branch". For trade unions, "the transition to workloads, defined as not excessively high, and the good tradition in terms of moderate commercial pressures are valid, in our opinion, for the past, but for the present we consider them the hope of a turnaround compared to recent episodes ". Montani stated that he shares the idea that sales over the counter must be carried out with respect for people, covering a customer need and not creating instrumental needs.
With regard to credit quality, it was emphasized that the moratoriums have played in favor of the whole system, and therefore also of Bper, and how badwill has ensured in the financial statements additional resources to be used to cover the loans with additional adjustments and ensure the group " a more peaceful future ”, although the extent of the long wave of the pandemic is still unknown.
On the very hot front of the aggregations, the CEO reported that "M&A dossiers are not taken into consideration" and that "the Business Plan is being considered in a 'stand alone' mode for the next three years". For the aggregations "that there will be (and this will happen sooner or later), we will work to improve and not destroy what works internally". Finally, on the branches it was noted that "the centrality of the territories is the common vocation of Bper and Ubi which had a popular tradition and similar cultures, there is no reason to change direction since it is the strength that differentiates us from other banks. big dimensions". For this reason, the "fundamental role" of the branches remains firm, but it will be necessary to think and then intervene on the "imbalance between the market share of branches and the market share of the masses" without forgetting and indeed exploiting "the possibilities offered by digitization".
CRITICISM ON COST INCOME
The trade unions were very critical with what Montani said about cost / income, a reference defined as the “only discordant note”. The CEO has in fact clarified that the relationship between costs and revenues is a figure to be "recorded and put in place". “Unfortunately, acting on cost / income too often translates into important interventions on personnel costs, a topic that requires our vigilant attention”, highlighted the trade unions.
THE COMPARISON WILL CONTINUE ON THE COMPANY AWARD AND HARMONIZATIONS
There are already appointments on the agenda to continue the discussion between the company and the social partners. On June 30 and September 30, the table on company bonuses and harmonizations will meet and it is likely that the unions will remember the Montani thought – "happy employees work better" – knowing that "the company will have to reconcile this satisfaction with a level of assets and income that allows the Bank to move forward with peace of mind ".
THE QUARTERLY
Meanwhile, Montani presented the figures for Bper's first three months of the year, which see net profit up by 400.3 million euros on an annual basis, without the extraordinary components and before taxes equal to 105.5 million. . There was also a significant increase in direct deposits from customers (to 94.4 billion) and indirect deposits from customers (to 160.7 billion) while capital solidity was confirmed with Cet1 ratio fully phased proforma at 13.4%.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/bper-montani-sindacati-cosa-succede/ on Mon, 17 May 2021 07:20:43 +0000.