Banco Desio and the strategic acquisition
Banco Desio recently concluded an important acquisition transaction, taking over a business unit from Banca Popolare di Puglia and Basilicata. This acquisition includes 14 bank branches distributed in different Italian regions, including Lazio, Lombardy, Veneto, Marche and Piedmont. The transaction was received with great interest in the banking sector, as it represents a significant step in the Group’s expansion
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Impact on the Group’s economy
Thanks to this acquisition, Banco Desio expects to increase its Gross Banking Product by approximately 2.5%. This increase is particularly significant in a constantly changing economic environment, where competitiveness and capital strength are fundamental. The capital endowment of the acquired branch has been designed to guarantee high solidity, limiting the dilutive effect on the Group’s CET1 to approximately 30 basis points. This demonstrates Banco Desio’s commitment to maintaining a robust financial position, even after expansion operations
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Integration of new branches
The integration of the 14 new branches will begin as of the established date, allowing Banco Desio to expand its network and offer a wider range of products and services. Alessandro Decio, Chief Executive Officer of Banco Desio, underlined the importance of this transaction, stating that it represents a further step in the institution’s growth path. With the addition of these branches, Banco Desio aims to strengthen its role as a local bank, seeking to meet the needs of an increasing number of retail customers and SMEs
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Future Perspectives
Banco Desio’s expansion strategy is not limited to this acquisition. The institute is planning further initiatives to improve its offering and to ensure high-quality service to new customers. With the integration of the new branches, Banco Desio is preparing to meet customer expectations, offering a level of service that aligns with their needs. This proactive approach is essential in an increasingly competitive and constantly evolving banking market
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