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Intesa Sanpaolo SpA (ISPn.MI)

ISPn.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

DoBank CEO says dividend policy to accelerate under new plan
Monday, 12 Feb 2018 09:00am EST 

Feb 12 (Reuters) - DoBank CEO tells analyst call::ACCELERATION OF DIVIDEND POLICY WILL BE DRIVER OF NEW BUSINESS PLAN.DOES NOT SEE POSSIBLE J-V BETWEEN INTESA AND INTRUM AS A THREAT BECAUSE INTESA'S 49 PERCENT STAKE WILL MAKE IT HARD FOR OTHER BANKS TO ENTRUST BAD LOAN MANAGEMENT TO IT.  Full Article

Intesa Sanpaolo CEO says does not see cross-border merger as possible
Tuesday, 6 Feb 2018 08:00am EST 

Feb 6 (Reuters) - Intesa SanPaolo CEO tells press conference::LOOKING AT ALL MAJOR INTERNATIONAL PLAYERS FOR ASSET MANAGEMENT PARTNERSHIP BUT NO CHOICE HAS BEEN MADE YET, WHEN ASKED IF PARTNER COULD BE BLACKROCK.SEES NEED FOR FURTHER CONSOLIDATION AMONG OTHER BANKS IN ITALY.DOES NOT SEE CROSS BORDER MERGER AS A POSSIBILITY FOR INTESA.MERGER WITH ANOTHER EUROPEAN BANK DOES NOT APPEAR AS A FEASIBLE PROJECT, SYNERGIES ARE NOT SUCH THAT THEY CAN CREATE VALUE FOR SHAREHOLDERS.STAKE IN NTV (ITALO) IS NOT STRATEGIC, WILL LOOK FOR BEST OPPORTUNITY TO EXTRACT VALUE FROM IT.EXPECTS BANK'S ITALIAN GOVERNMENT BOND PORTFOLIO TO REMAIN AROUND CURRENT LEVEL OF 37 BILLION EUROS OVER PLAN PERIOD.  Full Article

Intesa would keep majority in potential asset management partnership-CEO
Tuesday, 6 Feb 2018 05:23am EST 

Feb 6 (Reuters) - Intesa Sanpaolo CEO Carlo Messina tells analyst presentation::WOULD WANT TO MAINTAIN A MAJORITY IN ANY KIND OF COMBINATION IN ASSET MANAGEMENT IT IS OPEN TO CONSIDER.  Full Article

Intesa Sanpaolo can cut gross NPE ratio below 10 pct this yr-CEO
Tuesday, 6 Feb 2018 04:52am EST 

Feb 6 (Reuters) - Intesa Sanpaolo CEO Carlo Messina tells analyst presentation::BELIEVES BANK CAN REDUCE GROSS NON-PERFORMING EXPOSURE RATIO BELOW 10 PERCENT ALREADY IN 2018."STRONG" REGULATORY PRESSURE HAS CONVINCED BANK TO CONSIDER BAD LOAN DISPOSALS IN ADDITION TO INTERNAL RECOVERIES.  Full Article

Intesa eyes potential asset management partnership already in 2018-CEO
Tuesday, 6 Feb 2018 04:45am EST 

Feb 6 (Reuters) - Intesa Sanpaolo CEO Carlo Messina tells analysts::WOULD BE BEST TO STRIKE ASSET MANAGEMENT PARTNERSHIP SOONER RATHER THAN LATER, ALREADY IN 2018 IF POSSIBLE.  Full Article

Intesa Sanpaolo studying issuance of senior non-preferred bonds
Tuesday, 6 Feb 2018 03:08am EST 

Feb 6 (Reuters) - Italian lender Intesa Sanpaolo says in a presentation to investors::IT IS STUDYING THE ISSUANCE OF SENIOR NON-PREFERRED BONDS TO OPTIMISE THE COST OF FUNDING.  Full Article

Intesa Sanpaolo 2017 adj. net profit rises to 3.8 bln euros
Tuesday, 6 Feb 2018 01:34am EST 

Feb 6 (Reuters) - Intesa Sanpaolo says: :INTESA SANPAOLO SAYS 2017 NET PROFIT 7.316 BILLION EUROS INCLUDING 3.5 BILLION EURO STATE CONTRIBUTION FOR ACQUISITION OF VENETO-BASED LENDERS VERSUS THOMSON REUTERS ESTIMATE OF 6.7 BILLION EUROS.INTESA SANPAOLO SAYS 2017 ADJUSTED NET PROFIT 3.8 BILLION EUROS, WITHOUT STATE CONTRIBUTION.INTESA SANPAOLO SAYS CONFIRMS TO PAY OUT 3.4 BILLION EUROS IN DIVIDENDS OVER 2017 RESULTS.INTESA SANPAOLO SAYS FULLY-LOADED CET1 RATIO PRO-FORMA AT 14 PERCENT AT END-2017.INTESA SANPAOLO SAYS FULLY LOADED PRO-FORMA CET1 AT 13 PERCENT IF INCLUDING APPLICATION OF IFRS9.INTESA SANPAOLO SAYS ESTIMATES IT WILL BOOK NET WRITEDOWNS OF AROUND 4.1 BILLION EUROS IN Q1 AT ADOPTING IFRS9.  Full Article

Intesa Sanpaolo Buys Back EUR 1.70 Bln Of State-Guaranteed Bonds Of Two Former Veneto Banks
Monday, 15 Jan 2018 04:48am EST 

Jan 15 (Reuters) - INTESA SANPAOLO SPA ::REPORTS RESULTS OF TENDER TO BUY STATE-GUARANTEED SENIOR BONDS OF TWO FORMER VENETO BANKS.BONDS FOR AGGREGATED NOMINAL AMOUNT OF EUR 1.70 BILLION WERE TENDERED.  Full Article

Intesa Sanpaolo asks senior bondholders of former Veneto banks to submit offers
Wednesday, 3 Jan 2018 10:30am EST 

Jan 3 (Reuters) - Intesa Sanpaolo says::INVITES STATE-GUARANTEED SENIOR BOND HOLDERS OF TWO FORMER VENETO BANKS TO SUBMIT OFFERS TO SELL THEIR NOTES TO INTESA SANPAOLO.WILL PAY SENIOR BONDHOLDERS 101.2 PERCENT.EXPIRATION DEADLINE TO BE ABLE TO PARTICIAPTE IN THE OFFERS IS JAN. 12.  Full Article

Intesa Sanpaolo "comfortably" meets ECB capital requirements
Friday, 22 Dec 2017 06:54am EST 

Dec 22 (Reuters) - Intesa Sanpaolo says::ECB HAS FIXED MINIMUM 2018 TRANSITIONAL CET 1 TARGET AT 8.145 PERCENT.COMFORTABLY MEETS MINIMUM CAPITAL REQUIREMENTS SET BY ECB.HAS SET FULLY-LOADED 2018 CET 1 RATIO MINIMUM TARGET AT 9.33 PERCENT.  Full Article

Italian dairy firm Granarolo buys British distributor Midland Food

MILAN, Feb 19 Italy's Granarolo acquired British food distributor and e-commerce operator Midland Food Group in a move that will make the country its third-biggest market, the dairy group said.