Carlo Messina, CEO of Intesa Sanpaolo, talks about banks and believes that a new round of M&A is on the way. “I think in the next year, so within 12 months, there will be an M&A deal in the country. I don’t know what kind of bank you can merge or put together, but there is another season of mergers in the future, ”Messina said in CNBC’s Squawk Box today. The CEO of Intesa underlines how the market needs larger credit institutions. “Italy needs to have at least two other players who can have a good market share”, adds the banker who completed the acquisition of UBI Banca last year.
In March S&P Global Market Intelligence declared that Italy is on the verge of being the most active market for bank mergers in Europe in 2021. Among the many rumors circulating in recent months is that of a merger between Banco BPM and Bper , as well as the possible purchase of Mps by Unicredit or even a merger of three Unicredit-Banco-MPS.