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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.
The director of the Ticino Banking Association, Franco Citterio, responded to criticisms regarding banks' support for energy-efficient home improvements, emphasizing that banks have been proactive in addressing these issues. He noted that while leasing a car is simpler due to different contract structures, mortgage loans require careful assessment of property value and client financial stability. Citterio affirmed that banks aim to advise customers on the long-term benefits of such investments, despite the complexities involved in financing them.
The Swiss banking sector faces challenges as interest margins decline following the Swiss National Bank's recent rate cuts, impacting profitability. Despite a positive demand for banking services, job postings at major banks have dropped significantly, reflecting cautious sentiment amid changing economic conditions. Long-term mortgage rates have decreased, with a notable shift towards fixed-rate options among borrowers seeking stability.
Franco Citterio
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Ticino Banking Day Focuses on Taxation and Economic Framework for Growth
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Franco Polloni
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22:46 31.03.2025
banks urged to adapt mortgage processes for energy efficiency investments
20:12 04.02.2025
swiss banks face declining margins amid changing interest rate landscape
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Banking Association of Ticino (ABT)
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Franco Citterio
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09:00 11.10.2024
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