Intesa to add 2 billion to reserves from bank tax
MILAN (Reuters) – Italy’s biggest bank, Intesa Sanpaolo, on Wednesday said it would increase non-distributable reserves by 2.07 billion euros ($2.19 billion) instead of paying …
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Intesa Sanpaolo chairman sees limited impact from Italy windfall tax
CERNOBBIO, Italy (Reuters) – The chairman of Intesa Sanpaolo sees no cause for alarm over the impact of the windfall tax on Italian banks and …
Italy’s Intesa convinces investors on payouts
By Valentina Za MILAN (Reuters) -Italy’s top bank Intesa Sanpaolo has convinced investors of its ability to reward them, lifting its shares on Monday after …
ECB sets core capital threshold for Italy’s Intesa at 8.88% from 8.81%
MILAN (Reuters) – The European Central Bank has set the minimum threshold for Intesa Sanpaolo’s core capital at 8.88% for next year, fractionally higher than …
Intesa Sanpaolo says repaid around 5.5 billion euros of ECB loans
MILAN (Reuters) – Italy’s Intesa Sanpaolo said on Friday it had repaid around 5.5 billion euros ($5.81 billion) in loans from the European Central Bank …
Italy’s AMCO to buy 1.4 billion euros of non-performing leasing credits from Intesa
MILAN – Italy’s state-owned bad loan specialist AMCO said on Friday it had signed an agreement with lender Intesa Sanpaolo to purchase a portfolio of …
Italy’s Intesa puts $6.3 billion of Russia, Ukraine loans under microscope
By Valentina Za MILAN – Intesa Sanpaolo said on Wednesday that its loans to Russian and Ukrainian clients amounted to 5.1 billion euros net of …
Intesa opening Pravex bank branches in Ukraine when safe to do so
MILAN – Italy’s biggest bank Intesa Sanpaolo said it was determined to support customers of its Ukrainian subsidiary Pravex Bank and was opening branches in …
Italy’s Generali to pull out of Russia as Intesa reviews business
MILAN – Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest …