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| Name | Symbol | Market | Type |
|---|---|---|---|
| Intesa Sanpaolo SPA (PK) | USOTC:ISNPY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0425 | 0.18% | 23.5325 | 23.45 | 23.54 | 23.63 | 23.39 | 23.61 | 106,044 | 21:00:16 |
From Jun 2022 to Jun 2024
By Pierre Bertrand
Intesa Sanpaolo SpA said late Friday that it expects to achieve a fully loaded common equity Tier 1 ratio well above 12% during the course of its business plan to 2025.
The Italian bank, responding to a media report, said it expects the ratio at around 13% as of Dec. 31, 2022.
Bloomberg on Friday, citing unnamed sources, reported the bank was cutting risk-weighted assets by as much as 20 billion euros ($21.71 billion) through the sale of loans and other assets, after the European Central Bank critiqued its risk assessment methodology.
Intesa Sanpaolo said its actions to reduce its risk-weighted assets during the fourth quarter of 2022 relate to regulatory changes by European Banking Authority guidelines applicable as of Jan. 1 and "contribute to the significant value creation and distribution to shareholders."
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
January 23, 2023 02:01 ET (07:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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