Now that Italy seems to have finally put the biggest financial crisis behind it, it is possible to begin to take stock of the effects, in some cases devastating, that the international recession has had on the financial market and on the various sectors of the international economy.
Looking at Piazza Affari, the scenario that lies ahead is not the best. From 2007 to today, the value of the Ftse Mib has more than halved, recording a decrease of -52%. It was above all those who paid the highest price for this collapse the banks which, according to the data processed by R&S Mediobanca for Il Sole 24 Ore, lost 76,7% in terms of total return in the same period of reference.
However, within this dark-colored context, they stand out two "white flies", two real queens of the Stock Exchange.
While the shares of many large institutions sank under the blows of the crisis, two realities managed to consolidate, focusing on their strengths and their peculiarities. Characteristics that have not only been able to protect them from the broadsides that have sunk the entire banking index, but which have allowed them to achieve a trend against the trend, recording triple-digit increases. We are talking about Banca Ifis and Banca Generali which from 2007 to the end of 2016, according to Mediobanca R&D data, accumulated a record increase: +383,1% for the bank led by Giovanni Bossi, +255,4% for the Generali group bank managed by the new director delegate Gian Maria Mossa.
How did they do it? By strengthening its assets, expanding its clientele, creating an original business model managed by a dynamic management and aiming one (Banca Ifis) on debt collection, the other (Banca Generali) on asset management. Winning recipes that the Stock Exchange has rewarded with spectacular increases. Among other things, just today the shareholders' meeting confirmed the distribution of a unit dividend of 1,07 euro for a total amount of 124,7 million. The coupon detachment will take place on 22 May 2017, the record date and payment are set for the following two days.
Impossible, at this juncture, not to mention who has lost the most. On the first step of the podium of the worst we find Monte dei Paschi which from 2007 to the end of 2016 almost eliminated its stock market value, leaving 99,8% in the field. Followed by Banca Carige, with a drop of 99,2%. Also down was Unicredit, which lost 89,1% while Intesa Sampaolo defended itself a little better, falling back by 32,6%.
