Intesa Sanpaolo: Business plan 2022-2025 provides for profit increase to 6.5 billion euros

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MILAN, Italy, Feb. 04, 2022 (GLOBE NEWSWIRE) — Intesa Sanpaolo unveils its new business plan through 2025, staying true to its vocation as a bank with a very generous dividend policy.

The new business plan promises to return more than 22 billion euros to investors, confirms Intesa Sanpaolo’s top position among the leading European banks in terms of shareholder generosity and responds to the 16 billion euros UniCredit committed in its plan announced last December 2021-2024 has promised.

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Specifically, the group has committed to returning over €22 billion to shareholders through cash dividends over four years, with a payout ratio of 70% in each year of the plan and a €3.4 billion buyback in 2022; each further distribution will be reviewed year by year from 2023 onwards. As part of its 2022-2025 business plan, Intesa Sanpaolo also aims to increase its net profit from 4.2 billion euros (in 2021) to 6.5 billion euros.

A significant increase in profitability is expected, with ROTE and ROE increasing from 9.1% and 7.6% in 2021 to 13.9% and 11.6% in 2025, respectively.

Current gross receipts are expected to increase from 6.6 billion euros in 2021 to 10.1 billion euros in 2025.

The group, led by Carlo Messina, also expects a net profit of around 5 billion euros in 2022, after meeting its 2021 profit target of over 4 billion euros.

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The group’s goal is to become a “zero NPL” bank with no impact from calendar setbacks; In this context, Intesa Sanpaolo expects an NPL reduction in 2025 to 9.3 billion euros gross from 15.2 billion euros in 2021 and 4.6 billion euros net from 7.1 billion euros in 2021.

As part of the new 2022-2025 business plan, Intesa Sanpaolo is committed to adding value to over
520 billion euros for everyone involved. The shareholder return policies will be accompanied by household and corporate policies with €328 billion of medium/long-term new credit to the real economy.

New lending to support charitable activities, vulnerable people and young people is expected to total €25 billion; investments and donations of around 500 million euros are planned for the needy, young people and senior citizens; For the environment, new loans for the green economy, circular economy and green transition are expected to be €88 billion, with a strong focus on supporting the green transition of businesses and SMEs.

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On the human resources side, the business plan envisages hiring around 4,600 people.

Equita Sim indicated that the plan’s objectives are in line with expectations with a significant return for shareholders.

Head of Communications and Press Office of LaPresse SpA
Barbara Sanico [email protected] – +39 02 26305578 – M +39 333 3905243 , ,

A photo accompanying this announcement is available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/16046094-fb90-474d-83e1-6017338f05a0

The photo is also available at Newscom, www.newscom.com and via AP PhotoExpress.

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