Intesa Sanpaolo ups 2025 profit forecast to nine bn euros
Italian bank presents its best-ever third-quarter results
Intesa Sanpaolo said Thursday that it
was raising its profit forecast for 2025 to nine billion euros
after registering its best-ever third quarter results.
The Italian lender said it made net income of 2.4 billion euros
in the third quarter, up 26% in the same period last year.
It said it expects net income for 2024 to be over 8.5 billion
euros, adding that implementation of its 2022-2025 business plan
was proceeding at full speed.
"The results of the first nine months of 2024 reaffirmed Intesa
Sanpaolo's position as a European leader: our market value now
places us alongside BNP Paribas and Santander, despite these
banks having considerably larger balance sheets," said CEO Carlo
Messina.
"As of September 30, 2024, dividends already accrued amount to
€5 billion, with 40% of this total going to Italian families and
shareholder foundations.
"Our tax contribution in this period stands at €4.6 billion, an
increase of €700 million compared to the first nine months of
2023".
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