The role of banks in relaunching the country
Book extract
To relaunch economic growth, it’s fundamental that the relationship between banks and businesses is based on the perspective of how credit intermediaries can contribute, enabling companies to exploit all the different services that are available. The financial statements of credit institutions are proof of the recapitalization efforts undertaken by the entire sector. It’s no exaggeration to say that the capital of the banks is the capital of the country. A defensive barrier, an essential driver to power growth prospects, an element that enables companies to compete on an international scale. The current level of capitalization places the Italian banking system in a solvency situation superior to both the pre-crisis phase and even the requirements of the Supervisory Authorities. So now is the time to go above and beyond, and utilize these resources for investments that serve private individuals and companies alike. Thanks to technology and the availability of vast amounts of data, we can overcome artificial segmentations and classifications that have dictated banking strategies in the past, advancing toward an exact offering calibrated to the actual profile of every single client. For the business market, designing made-to-measure products means making more complex choices, offering, along with loans, new services that encompass the entire range of financial transactions. In this way, the bank will take on a key role in guiding its business customers (in particular small enterprises) to make the difficult decision to open up their capital and turn to the markets to raise the funds they need to grow.
- Publisher: EGEA
- Series: Leading management
- Date of Publication: march 2020
- EAN: 9788823818026
- ISBN: 9788823818026
- Pages: 256
- Format: Formato: e-pub e carta (solo via sito Egea)
