With the purchase of Mps Unicredit branches, the hunt for IntesaSanpaolo resumes

With the purchase of Mps Unicredit branches, the hunt for IntesaSanpaolo resumes
With the purchase of Mps Unicredit branches, the hunt for IntesaSanpaolo resumes

With Orcel’s move up MPS, Unicredit it could go back to having 3,647 branches, more or less those it had in 2015. According to what was reported by Adriano Bonafede, this maneuver would eliminate all the work done by the former director Mustier, aimed precisely at reducing branches. However, the number of customers would rise to 11.4 million, about 4 million more: an important approach to the levels of Intesa Sanpaolo, which after the takeover of UBI Banca had 14.7 million.

With the MPS acquisition, Unicredit would return to the hunt for IntesaSanpaolo, which at the moment is by far the most important bank in Italy. The only flaw according to the Excellence Consulting simulation is that “taking MPS, the revenues for customers of the new aggregate would drop to 948 euros, -11% “.

Unicredit’s future objective, therefore, will be to be able to rapidly increase the profitability of the branches acquired. The simulation finally concludes that “growth through acquisitions has actually proved the only way for banks to become significantly bigger”.

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purchase Mps Unicredit branches hunt IntesaSanpaolo resumes

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