The Intesa-Ubi operation ended, Messina: we are all winners, we will be the pillar of the country’s recovery – La Stampa

«Today we complete an operation that sees us all winners: thanks to the decision – of which we are proud – of 90.2% of UBI Banca’s shareholders to join Intesa Sanpaolo, we will create a new reality capable to strengthen the Italian financial system and to play a leading role in the European banking scenario “. This was stated in a note by Carlo Messina, CEO and CEO of Intesa Sanpaolo, commenting on the result of the takeover bid on Ubi Banca.

“The creation of a new reality, leader in sustainable and inclusive growth – thanks to its roots in the territories to which it belongs – will generate benefits for anyone who will be part of it”, adds Messina, explaining that “having started, first at European level, a new phase of strengthening of the banking sector, is the demonstration of how our country can play a leading role in the international arena ». “The new reality – observes Messina – will be able to count on the high professional qualities of the over 100,000 people who will be part of it and will have a total of over 450 billion euros in jobs; the savings that the Italians entrust to us will exceed the value of 1.1 trillion euros, the revenues will be 21 billion euros: these are figures that express the skills of our entrepreneurs and the solidity of our families’ assets, the elements basis of the strength of the Italian economy “.

«We will be the pillar of the country’s recovery»
«We are convinced that our bank – the engine of the real and social economy – will represent the pillar of the recovery phase that the country has as its main objective. Our solidity – Messina continues – represents a key factor in the competitiveness of the Italian system on the global scene, thus supporting the recovery of employment, especially youth employment. Like Intesa Sanpaolo, we believe it is essential to develop our bank model for inclusive and sustainable growth. Social and economic inequalities, exacerbated by the Covid-19 emergency, make this commitment more stringent and the experience gained by UBI in responsible development will bring new skills and capabilities ». “We are certain – he concludes – that the strength of this Group, together with the reference values ​​on which it is based, represent a fundamental element for a new growth future for the country”.