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Intesa Sanpaolo SpA (ISP.MI)

ISP.MI on Milan Stock Exchange

18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Intesa CEO says dividend is bank's priority, also for the future
Tuesday, 1 Aug 2017 10:01am EDT 

Aug 1 (Reuters) - Intesa Sanpaolo Spa CEO Carlo Messina tells a post-results conference call: :dividend is his and Intesa Sanpaolo's priority also for the future.impact of IFRS 9 rules is more than manageable for the bank.  Full Article

Intesa CEO says does not see need to increase coverage ratio on bad loans
Tuesday, 1 Aug 2017 10:01am EDT 

Aug 1 (Reuters) - Intesa Sanpaolo Spa CEO Carlo Messina tells a post-results conference call: :main goal on bad loan reduction is "not to give money to private equity funds".does not see need to increase coverage ratio on bad loans.expects to be in a position to improve NPL ratio targets in the future.  Full Article

Intesa CEO says no special dividend to be paid on 2017 accounts
Tuesday, 1 Aug 2017 09:35am EDT 

Aug 1 (Reuters) - Intesa Sanpaolo Spa CEO Carlo Messina says in post-results conference call::will not distribute special dividend, wants to use 2017 as basis for significantly better results in next plan.will not lower cost of risk to 40 basis points in 2017, wants to significantly improve it in coming years.  Full Article

Intesa CEO says Veneto deal will be EPS positive from 2018, no precise figures
Tuesday, 1 Aug 2017 08:00am EDT 

Aug 1 (Reuters) - Intesa Sanpaolo Spa CEO Carlo Messina tells analysts in a post-results conference call: :wants to give positive surprises to the market on costs in next business plan.expects neutral impact on eps from Veneto banks deal in 2017, will have positive impact from 2018.says majority of NPL reduction is coming from collections rather than disposals.sees huge potential from integration of Veneto banks, but is not in a position to give precise estimates of impact on Intesa's accounts.  Full Article

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


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

U.S. subsidiary of Italy's Intesa Sanpaolo to pay $35 million over improper ADRs: SEC

WASHINGTON A U.S. subsidiary of Italian bank Intesa Sanpaolo , has agreed to pay $35 million to settle charges it violated U.S. securities laws governing the issuance of American Depositary Receipts, the Securities and Exchange Commission said on Friday.