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Intesa Sanpaolo SpA (ISP.MI)

ISP.MI on Milan Stock Exchange

1.95EUR
29 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Italy bank loans shrink, cost hits new record low
Tuesday, 20 Sep 2016 09:11am EDT 

Italian banks: Lending to households, non-financial companies down 0.3 percent year-on-year in August after 0.6 percent drop in July - banking association ABI . Average interest rate on Italian bank loans falls to new record low of 2.98 pct in August from 3.00 pct in July - ABI . Average interest rate on new Italian bank loans to companies hits new record low of 1.65 percent in August from 1.71 percent in July - ABI . Net foreign funding to Italian banks negative for 19 billion euros in period between July 2015 and July 2016 - ABI (Reporting by Milan Newsroom).  Full Article

Intesa Sanpaolo says DBRS places rating under review after similar Italy move
Thursday, 11 Aug 2016 11:59am EDT 

Intesa Sanpaolo says: DBRS rating agency has placed the bank's A (low) long-term rating under review with negative implications after similar action on the long-term rating of the Republic of Italy on August 5 Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa ceo sees no increase for bad loan coverage after Monte Paschi deal
Tuesday, 2 Aug 2016 10:05am EDT 

Intesa Sanpaolo Spa CEO Carlo Messina says: does not expect to have to raise coverage of bad loans in line with Monte Paschi's rescue deal, situation of two banks is not comparable Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa CEO: international investors' perception of Italy is wrong
Tuesday, 2 Aug 2016 09:45am EDT 

Intesa Sanpaolo Spa CEO Carlo Messina: asked about loan loss provisions, says expects to see significant reduction in 2017 so that he can make good on a pledge to pay 4 billion euros of dividends on 2017 results . says international investors have wrong perception of Italy, the country is solid and the problems of some individual banks - Monte dei Paschi, Popolare di Vicenza and Veneto Banca - are on track to be solved Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Banca Mediolanum CEO: any extra contribution to Atlante fund won't exceed 10 mln euros
Thursday, 28 Jul 2016 10:00am EDT 

Banca Mediolanum Chief Executive Massimo Doris says: any further contribution to Atlante fund would not exceed 10 million euros Further company coverage: [BMED.MI] (Reporting by Milan newsroom).  Full Article

Italy's antitrust watchdog approves Abertis' acquisition of A4 Holding
Monday, 25 Jul 2016 09:43am EDT 

Italy's antitrust authority says: it has given its green light to the acquisition by Spain's Abertis of Italian group A4 Holding, which runs the A4 Brescia-Padua and A31 highways in Italy . Abertis will hold 51.4 percent of A4 Holding's capital . A4 Holding is owned by Italian lender Intesa Sanpaolo and builder Astaldi Concessioni Further company coverage: [ABE.MC] [ISP.MI] [AST.MI] (Reporting by Milan newsroom).  Full Article

BlackRock cuts stakes in Intesa Sanpaolo, Banco Popolare
Tuesday, 5 Jul 2016 09:50am EDT 

Italian market regulator Consob says in a filing: BlackRock cuts Intesa Sanpaolo stake to 5.34 percent from 6.292 percent as of June 28; the fund reduces the stake further to 5.298 percent on June 30 . BlackRock trims stake in Banco Popolare to 4.989 percent from 5.758 percent as of June 28 Further company coverage: [ISP.MI] [BAPO.MI] (Reporting by Milan newsroom).  Full Article

Italian insurers' body says new contribution to Atlante "not on the table"
Tuesday, 5 Jul 2016 04:00am EDT 

Head of Italian insurers' association Ania, Maria Bianca Farina : says possible contribution to increase the firepower of bank bailout fund Atlante is "not an issue on our agenda", "we have not talked about it" (Reporting by Milan newsroom).  Full Article

UniCredit should not have forced CEO resignation without successor - Intesa CEO
Tuesday, 28 Jun 2016 06:20am EDT 

Intesa Sanpaolo CEO Carlo Messina says: rival UniCredit should not have forced the resignation of its CEO Federico Ghizzoni without having a successor ready . it's in the interest of all that UniCredit remains strong and well managed given volatile market conditions Further company coverage: [ISP.MI] [CRDI.MI] (Reporting by Milan newsroom).  Full Article

Intesa to make 150 mln euro capital gain from Visa Europe stake sale
Tuesday, 21 Jun 2016 11:18am EDT 

Intesa Sanpaolo Spa : says has sold to Visa Inc its 0.49 percent stake in Visa Europe .says deal will result in Q2 net capital gain of around 150 million euros.  Full Article

Fitch Affirms Three Hungarian Banks' IDRs; Upgrades VRs

(The following statement was released by the rating agency) MOSCOW/LONDON, September 29 (Fitch) Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDRs) of Kereskedelmi es Hitelbank Zrt (K&H) and Erste Bank Hungary Zrt (EBH) at 'BBB' and of CIB Bank Zrt (CIB) at 'BBB-'. The Outlooks on the Long-Term IDRs are Stable. Fitch has also upgraded the banks' Viability Ratings (VR) to 'bb+' from 'bb' (K&H), to 'b+' from 'b' (EBH) and to 'b' from 'b-' (CIB). A full list of rating actio