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Intesa Sanpaolo SpA (ISP.MI)

ISP.MI on Milan Stock Exchange

9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

Wellard finalised a vessel finance agreement
Thursday, 26 May 2016 08:00pm EDT 

Wellard Ltd : Says finalised a vessel finance agreement with Intesa Sanpaolo s.p.a., Hong Kong branch, Italy's largest bank by market capitalisation . Says agreement for the financing of the recently delivered Livestock Carrier, The M/V Ocean Shearer . 10-year loan in amount of US$59 million shall be funded at commercial rates . Says the 10-year loan is backed by a commercial risk insurance policy from China export & credit insurance corporation (sinosure) .  Full Article

Intesa Sanpaolo sells 2.6 bln euro performing consumer loans
Friday, 20 May 2016 10:01am EDT 

Intesa Sanpaolo says: Has agreed to sell two portfolios of performing consumer loans with overall value of 2.6 billion euros . Sale to be carried out at prices in line with book values . Consumer loans will be sold to two separate securitisation vehicles outside the Intesa Sanpaolo group . Christofferson Robb & Company will buy the junior tranches of asset-backed notes issued by the vehicles to fund the purchase . Pool of banks comprising Banca IMI, Citigroup, Goldman Sachs and JPMorgan will buy senior and mezzanine tranches of ABS notes Further company coverage: [ISP.MI] (Reporting by Milan Newsroom).  Full Article

Intesa plans to take significant amount of new TLTRO funds-CFO
Friday, 6 May 2016 10:11am EDT 

Intesa Sanpaolo: CFO Stefano Del Punta says bank to take significant amount of new TLTRO funds, it "will be in the double-digits" . CEO Carlo Messina says new tax on deferred tax assets to have negligible impact for the bank, "close to zero" . Monte dei Paschi said on Thursday it plans to take around 20 bln euros at the next TLTRO Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa CEO says Atlas fund needs to tackle 30-60 bln euros of NPLs
Friday, 6 May 2016 10:09am EDT 

Intesa Sanpaolo Spa CEO Carlo Messina says: to be a game changer, new bank fund Atlante needs to tackle 30-60 billion euros of gross NPLs . sees Atlas fund as one-off initiative, doesn't see room for "Atlas 2, 3 and 4" Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa says difficult to see double digit growth in fees in 2016
Friday, 6 May 2016 09:53am EDT 

Intesa Sanpaolo CEO Carlo Messina says: it will be difficult to see a double digit growth in bank commissions this year due to the market performance so far Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa Sanpaolo to contribute 845 mln euros to Atlante fund
Friday, 6 May 2016 08:46am EDT 

Intesa Sanpaolo says in slides: bank will contribute 845 mln euros to Atlante fund, of which around 300 mln euros have already been paid . impact of Atlante contribution on CET 1 ratio will be up to 20 basis points . sale of Setefi will have impact on CET 1 ratio of around 35 basis points Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Moody's upgrades Intesa Sanpaolo SpA rating-Reuters
Sunday, 21 Jun 2015 08:00pm EDT 

Intesa Sanpaolo SpA:Says Moody's upgraded Intesa Sanpaolo's long-term deposit and senior debt ratings to Baa1-Reuters.The outlook is stable.  Full Article

Intesa Sanpaolo SpA says reiterates plan to sell Telecom Italia stake by 2017-Reuters
Thursday, 11 Jun 2015 07:09am EDT 

Intesa Sanpaolo SpA:CEO says reiterates plan to sell Telecom Italia stake by 2017-Reuters.CEO says Telecom Italia stake is not strategic.  Full Article

UniCredit SpA and Intesa Sanpaolo SpA transfer a portfolio of loans worth around 1 billion euros to a vehicle entirely controlled by KKR
Friday, 17 Apr 2015 12:32pm EDT 

Intesa Sanpaolo SpA:Unicredit and Intesa Sanpaolo sign a Memorandum of Understanding with KKR and Alvarez & Marsal.Creation of a securitization vehicle, the "130 Vehicle" and a joint-stock company, the "SPA", to control the vehicle.Vehicle to pool certain portfolios of receivables from medium and long-term loans as well as shares or participating instruments.KKR to be controlling shareholder of the company.Portfolios estimated to have a value of around 1 billion euros.Banks to receive notes of diversified seniority issued by the 130 Vehicle and participating instruments issued by SPA.Aim of Memorandum of Understanding is turnaround and re-launching of medium-large companies.  Full Article

BRIEF-CariFirenze sees its 2 pct Intesa Sanpaolo stake as strategic

* Shareholder CariFirenze foundation sees its 2 percent stake in the bank as strategic, the foundation's director general Gabriele Gori told journalists at a meeting in Florence