MILAN May 14 The results of Italy's biggest
retail bank Intesa Sanpaolo in the first three months
are in line with commitments it made regarding its dividend, the
CEO said on Tuesday.
"Overall, I am pleased with the Q1 results - which I
understand are above consensus - and are in line with our
dividend commitments," the lender's Chief Executive Enrico
Cucchiani said in a statement.
Intesa Sanpaolo's net profit fell by 62 percent in the first
quarter but still came in slightly above expectations thanks to
Loan loss provisions, however, rose by 20 percent to 1.17
(Reporting By Stephen Jewkes; editing by Francesca Landini)