MILAN, March 14 (Reuters) - Retail deposits at Intesa
Sanpaolo are stable while rising interest rates are
stoking competition to retain deposits of businesses and very
wealthy individuals, the head of group treasury and finance at
the Italian bank said.
Speaking at a banking seminar Alessandro Lolli said monetary
policy tightening was pushing banks to rely a lot more on
capital markets, with high volatility posing the main challenge
to issuers.
As for deposits, Lolli said current accounts with a balance
of 10,000 to 20,000 euros ($21,436.00) which people used to pay
for transactions were stable, while companies and the ultra-rich
were looking for better remuneration for their cash.
($1 = 0.9330 euros)
(Reporting by Valentina Za, editing by Gavin Jones)
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