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New Directors Appointed at BancaStato with Leadership Changes Announced
Marika Codoni-Sulmoni and Carlo Barbieri have been appointed as new directors of BancaStato, starting their terms in May and June, respectively. Codoni-Sulmoni brings extensive experience from BSI and Banca Unione di Credito, while Barbieri has a long history with Raiffeisen in Ticino.Additionally, Marco Passalia has been promoted to Vice-Chairman of the Board of Directors, continuing under Michela Ferrari-Testa's leadership, and Curzio De Gottardi has been appointed Vice-Chairman of the Executive Committee. Fabrizio Cieslakiewicz remains in charge of the Ticino plant (AWP).
BancaStato Appoints New Directors and Promotes Marco Passalia to Vice-Chairman
BancaStato has appointed Marika Codoni-Sulmoni and Carlo Barbieri to its supervisory board, filling two vacant seats. Codoni-Sulmoni will start this month, while Barbieri begins in June; both bring extensive banking experience. Marco Passalia has been promoted to Vice-Chairman of the Board, and Curzio De Gottardi has been appointed Vice-Chairman of the Executive Committee.
Ticino Banking Day Focuses on Taxation and Economic Framework for Growth
The fourth Lugano Banking Day highlighted the importance of cultivating framework conditions for businesses and citizens, focusing on taxation, human resources, and technology. Economist Sara Carnazzi Weber discussed recent tax reforms in Canton Ticino aimed at improving competitiveness, while concerns about high tax rates for wealthy individuals and the impact of geopolitical changes were raised by various speakers. The event also addressed the demographic crisis and the need for vocational training to tackle scarce human resources.
bancastato appoints new leadership amid strong financial performance and community support
BancaStato Group reported a profit of 83 million francs in 2024, marking the second-best year in its history despite a 17.8% decline from 2023. The bank allocated over 60 million francs to the canton and increased its assets under management by 7.7% to 23.4 billion francs, reflecting strong client confidence and growth in lending volumes. Operating costs rose to 54.4% of net revenues, while capital adequacy remained robust at 233.3%, well above regulatory requirements.
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