Intesa Sanpaolo – themagazinetech
Are Intesa Sanpaolo customers worried about the changes in recent weeks, will they have to pay the surcharge? Doubt about the situation
In recent days there has been no talk of anything other than the fall of the banks on the stock exchange due to the extra profit tax which will limit the profits of 2023. The last minute directive by the Government began to weigh on the Milanese price list immediately afterwards. Bper the one that sinks the most, exceeding -9%, but Intesa SanPaolo and Unicredit also see big drops.
The government’s move wipes out 27.71 billion euros of capitalization, with a loss of 8.75 billion for listed banks alone. Analysts calculate that the net profit of banks in 2023 could be reduced by about 10%. But who will benefit from this situation?
According to the Government, one of the main objectives of the maneuver would be to dampen the impact of costs on citizens, especially after the interest rates on mortgages had skyrocketed to almost 5%. Basically, the idea was born to try to save all those families who found themselves in dire straits, thanks to the excess earnings of the banks estimated on the increase in interest rates.
What the new decree on extra profits provides for and what are the risks complained about by customers of large and solid banking circuits such as Intesa Sanpaolo
Intesa, in the lead until recently, suffered a -8.66% and now customers have begun to wonder if in some way, all this chaos could negatively affect their finances instead of positively as envisaged by the Government. The decree thus provided for an extraordinary tax to be paid by financial intermediaries for 2023, determined by applying a rate equal to 40% on the higher value of the interest margin for the year 2022 which exceeds the margin for 2021 by at least 5%.
An operation that should guarantee the executive a total income of around 3 billion euros. But what if all this, instead of going in favor of customers, turned against them with new positions taken by the banks? Among the controversies inherent in the new idea, the Intesa customers themselves, but in general also the customers of the more solid banking circuitsare wondering if all this can somehow affect their bank account or in general on the facilities that banks previously made available for customers and which could now be eliminated to rebalance the backlash.
Intesa Sanpaolo – themagazinetech
What could customers risk in the event that banking institutions go ‘against’ the directives of the decree
The increased revenues deriving from this tax will be used to finance the fund for mortgages on first homes and for interventions aimed at reducing the tax burden of families and businesses, according to the decree law. But now it will be necessary to evaluate whether the banks will decide to launch commercial policies aimed at expanding their clientele (with the aim of expanding the possible commission pool), increasing the pass-through on deposits and thus sacrificing part of the benefit given by the rise in interest rates, in other words, the doubt arises as to whether the banking circuits may point to price increases on current account holders or on who will be willing to apply for a mortgage.
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2023-08-12 05:31:13
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