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Intesa Sanpaolo SpA (ISP.MI)

ISP.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Intesa Sanpaolo's exposure to Alitalia is 185 mln euros
Thursday, 27 Apr 2017 08:33am EDT 

April 27 (Reuters) - Intesa Sanpaolo Chairman Gian Maria Gros-Pietro says::bank's exposure to carrier Alitalia is 185 million euros.on a mark-to-market basis, bank is carrying negative value on derivative contracts linked to fuel cost of 74 million euros.lender set aside 100 million euros in 2016 against exposure to Alitalia.  Full Article

Generali sees opportunity to sell Intesa stake in short term
Thursday, 27 Apr 2017 05:30am EDT 

April 27 (Reuters) - Assicurazioni Generali CEO Philippe Donnet tells shareholder meeting::sees opportunity to sell stake in Intesa Sanpaolo in the short term.  Full Article

Return on equity at Italian banks fell to -9.9 pct in 2016-BOI
Thursday, 13 Apr 2017 09:04am EDT 

Italian central bank says in its monthly report: Return on equity at leading Italian banks fell to minus 9.9 percent in 2016, versus 3.5 percent in 2015 . Italian banks took just over 67 billion euros of funds from the European Central Bank at March tender for so-called Tltro financing operation . New problematic loans at Italian banks fell to 2.3 percent of total loans in the last three months of 2016, from 2.6 percent a year earlier . Coverage ratio of impaired loans rose to 51.7 percent in Q4 from 47.3 percent in the previous quarter Further company coverage: [CRDI.MI][ISP.MI][BMPS.MI][BAMI.MI] (Reporting by Milan newsroom).  Full Article

Italy - Factors to watch on Oct. 11

The following factors could affect Italian markets on Wednesday.