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Intesa Sanpaolo SpA (IITOF.PK)

IITOF.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

RCS Mediagroup signs agreement with Intesa Sanpaolo for EUR 332 mln financing
Wednesday, 5 Jul 2017 02:35am EDT 

July 5 (Reuters) - RIZZOLI CORRIERE DELLA SERA MEDIAGROUP SPA :HAS REACHED AGREEMENT WITH INTESA SANPAOLO <<>> FOR CREDIT LINES FOR TOTAL EUR 332 MLN VALID TILL DEC 31, 2022.CREDIT LINES TO BE USED FOR DEBT REFINANCING.  Full Article

Intesa Sanpaolo's purchase of good assets of Veneto banks credit positive - Moody's
Monday, 26 Jun 2017 01:42pm EDT 

June 26 (Reuters) - Moody's Investors Service says::Intesa Sanpaolo's acquisition of good assets of failing banks Veneto Banca and Banca Popolare di Vicenza is credit positive because they will increase the bank's current client base and unlock economies of scale.deal is credit positive for the Italian banking system as it addresses the risk of contagion, and shores up retail investors' confidence.  Full Article

Intesa Sanpaolo shares up more than 3 pct after Veneto banks deal
Monday, 26 Jun 2017 03:00am EDT 

June 26 (Reuters) - Italian banks: :Intesa sanpaolo shares open 3.6 percent higher after signs deal to buy good assets of Veneto banks.Italian banking index .FTIT8300 up 2.2 percent after the Veneto banks deal.Italy began winding up two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros ($19 billion) and will leave the lenders' good assets in the hands of Intesa Sanpaolo.nL8N1JM0IK.  Full Article

Popolare di Vicenza board confident in Italy's plan to solve banking crisis
Friday, 23 Jun 2017 04:49pm EDT 

June 23 (Reuters) - Board of Banca Popolare di Vicenza says: :restructuring plan presented to the Treasury was realistic .regrets that window of opportunity for a precautionary recapitalisation scheme closed .expresses its sincere support to the bank's management .confident in Italy government plan to solve banking crisis.  Full Article

Russia's Yamal LNG gets 425 mln euro loans from foreign banks
Tuesday, 13 Jun 2017 04:50am EDT 

June 13 (Reuters) - Yamal LNG, a joint venture between Russian gas producer Novatek , France's Total , China's CNPC and Silk Road Fund, says::Signed agreements with several European banks, including Raiffeisen Bank International AG and Intesa Sanpaolo, on 14-year credit line facilities for the total amount up to 425 million euros..The annual interest rates range from six-month EURIBOR plus 1.75 percent to six-month EURIBOR plus 2.3 percent, with insurance coverage provided by the Swedish export credit agency EKN and the German export credit agency Euler Hermes..The new creditors have joined the terms of the project financing attracted earlier without increasing its overall amount..Yamal LNG is involved in the construction of a 16.5 mmtpa natural gas liquefaction plant on the base of the hydrocarbon resources of the South-Tambeyskoye field..  Full Article

UniCredit exec says work underway to find solution for Veneto banks
Thursday, 8 Jun 2017 01:04pm EDT 

June 8 (Reuters) - Italy's Veneto banks: :UniCredit's director general Gianni Franco Papa, asked whether Italy's leading banks were considering contributing to the rescue of the two lenders, says the banking system is "working to find a solution, whatever that might be".  Full Article

Intesa Sanpaolo says not interested in Banca Intermobiliare
Tuesday, 6 Jun 2017 02:45pm EDT 

June 6 (Reuters) - Intesa Sanpaolo CEO Carlo Messina says::the bank is not interested in buying Banca Intermobiliare.  Full Article

Intesa Sanpaolo CEO says trusts in state solution for Veneto banks
Wednesday, 31 May 2017 04:12am EDT 

May 31 (Reuters) - Intesa Sanpaolo Carlo Messina says::confident in a state solution for Veneto banks, does not believe other banks will intervene.  Full Article

Intesa Sanpaolo to consider cutting branches with new business plan
Tuesday, 30 May 2017 05:34am EDT 

May 30 (Reuters) - Intesa Sanpaolo: :CEO Carlo Messina says the bank will consider a reduction of its branch network under a new business plan .Messina previously said Intesa will present a new plan early next year.  Full Article

Intesa Sanpaolo CEO says new plan to be announced with 2017 results
Friday, 5 May 2017 10:10am EDT 

May 5 (Reuters) - Intesa Sanpaolo Spa CEO Carlo Messina tells a post-results conference call: :expects to present new business plan with approval of 2017 results.  Full Article