The stock of Where's Banca. The banking group based in Bergamo marks an increase of more than 5% in the early afternoon, signaling itself as one of the brightest stocks on the Italian stock market, which in the same minutes increases by 1,18%.
Several factors contribute to push the institute's actions. According to various press rumors, in fact, the signing of the agreement with which Ubi Banca would acquire three of the four "good bank” (Banca Marche, Banca Etruria and CariChieti) belonging to the resolution fund for a symbolic amount of 1 euro, after the three institutions will be recapitalised for 250 million by the resolution fund and cleaned up of non-performing loans for 2,3 billion by the Atlante fund .
Ubi, which nonetheless benefits from a positive day for the sector, also reached an agreement yesterday evening with the unions on the single bank plan, which will allow the management of the first 600 exits for 2017, voluntary and incentivized with the use of the sector's solidarity fund.
The agreement also provides for the stabilization of 96 precarious workers and 200 new hires in the two-year period 2017-2018, while another 700 exits will be the subject of a further phase of the negotiation. In addition to providing for 600 voluntary early retirements from March 2017 and 200 new hires, the agreement allows for the stabilization of the employment relationship of precarious workers. According to Fabi coordinator of the Ubi group, Paolo Citterio, this is a historic agreement, which "leads Ubi into the future by giving all the group's 17 employees a single company contract".
