The bank detailed that the anticipated pre-tax gains are split evenly between revenue growth and operational efficiencies. Specifically, Intesa aims for €1.5 billion in cost savings, with €900 million derived from administrative reductions and €600 million from a restructured workforce. To facilitate this transition, the firm has earmarked €1.4 billion for one-off integration expenses, covering IT system harmonization, branch rebranding for 625 outlets, and the costs associated with 6,800 voluntary staff departures.

While the takeover plan involves significant personnel turnover, Intesa intends to offset these departures entirely. The strategy hinges on hiring new staff under different terms, including the recruitment of 2,700 global advisers rather than traditional full-time employees. Chairman Gian Maria Gros Pietro anticipates strong support for the merger, which will be decided via a representative vote rather than an in-person shareholder meeting.