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S.
Paolo-IMI has clinched the deal concerning the purchase of the majority
(56%) of the Banco and now is to launch - as imposed by the CONSOB-
the complete TOB.
Rosario Dimito, in an article issued by MF last May 29th, writes that
lying on the plan prearranged by the S. Paolo-IMI (along with Mc Kinsey)
"the Banco di Napoli becomes a net" and that "the main strategic functions
will be centred leaving in loco the commercial banking features".
So
this would be the scheme allowing the incorporation of the "Napoli "
into the "S. Carlo".
In front of the announced (as well as expected at all) cut in staff,
(pointed out as nearly 1.500 units, of which 600 only in Naples) the
"late" worries by trade unions will surely arise negotiations that will
end, as usual, with a compromise that will allow "saving" few and "penalizing"
many, maybe by applying for the so called "social safety valves" that
leave unemployed hundred people, on charge of society.
Provided
the dramatic economic situation of Naples and south, it would be logic
(but just because it's logic, it will not be carried out!) to transfer
to Naples some of the decisional centres, by the moment in Turin: for
example in the informatics, finance, training and other sectors. Substantially
instead concentrating in Turin, decentralizing in Naples.
These decisions instead could be negotiated only political level with
the Region, and institutional level with Rome. Unfortunately in the
Campania Region they have other things to think about, compelled as
they are in the spoils system; the Governor of the Bank of Italy on
his side, seems to spur a incorporation form where they are conjectured
high synergies and cuts in costs in brief term, but are neglected the
social-economical requirements, structural kind, that could be proper
of a south bank pole centred over the Banco di Napoli and supported
and integrated by S. Paolo - IMI.
The reasserted statements of the General Director Federico Pepe (a note
issued by "Il Giornale" on 17.04.99 pointed him as "the most paid manager
of the bank sector, a billion and 560 millions lire, gross and yearly"),
has sent to sleep from the beginning the potential claim, ensuring that
the Banco di Napoli and the S. Paolo-IMI would established a federative
structure that would valorise the south-oriented role of the Banco di
Napoli.
A
reasserted and underlined argument even in his interview issued by "Il
Sole 24 Ore" on last March 23rd. If the Banco's autonomy is entrusted
only to Federico Pepe, one can really write a defenceless Bank.
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