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Intesa Sanpaolo SpA (ISP.MI)

ISP.MI on Milan Stock Exchange

2.62EUR
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Latest Key Developments (Source: Significant Developments)

Banco BPM may go beyond targets in bad loan reduction plan - CEO
Wednesday, 9 May 2018 

May 9 (Reuters) - Banco BPM::EXPECTS 5 BLN EURO BAD LOAN SECURITISATION DEAL BACKED BY STATE GUARANTEE TO RECEIVE CREDIT RATINGS IN MAY - SLIDE.IN TOUCH WITH INVESTORS FOR PLACEMENT OF JUNIOR AND MEZZANINE TRANCHES IN 5 BLN EURO BAD LOAN SALE- SLIDE.GROSS PROBLEMATIC LOANS 19.6 BLN EUROS PRO-FORMA FOLLOWING 5 BLN EURO SALE EXPECTED IN H1- SLIDE.EXPECTS TO SELL FURTHER 3.5 BLN EUROS IN BAD LOANS BY END-2020 - SLIDE.BANCO BPM CEO SAYS MAY GO BEYOND DE-RISKING PLAN TARGETS.BANCO BPM CEO SAYS HAS RECEIVED SEVERAL EXPRESSIONS OF INTEREST FOR DEBT RECOVERY BUSINESS, BAD LOAN PORTFOLIOS FOLLOWING INTESA-INTRUM DEAL.EXPECTS TO CLOSE FURTHER 312 RETAIL BRANCHES IN H1 - SLIDE.  Full Article

Intesa Sanpaolo still looking for partner in asset management - CEO
Tuesday, 8 May 2018 

May 8 (Reuters) - Intesa Sanpaolo CEO Carlo Messina told analysts::STILL LOOKING FOR A PARTNER IN ASSET MANAGEMENT BUSINESS.FOR THE MOMENT NO PLANS TO BUY NON-PERFORMING LOANS OF OTHER ITALIAN BANKS.  Full Article

Cerved: No Impact On Credit Management Pipeline From Intesa Deal With Intrum - Conf Call
Monday, 7 May 2018 

May 7 (Reuters) - Cerved ::CEO SAYS CO HOPES TO GET CREDIT MGMT DEAL FOR SOME OF NON PERFORMING LOANS (AROUND EUR 10 BILLION) FROM WINDING DOWN OF VENETO BANKS - CONF CALL.CEO SAYS NO IMPACT ON PIPELINE FROM INTESA DEAL WITH INTRUM AS CO NEVER HOPED TO GET CREDIT MGMT DEAL FROM INTESA - CONF CALL.  Full Article

Intesa Sanpaolo foundation shareholder cuts stake to 7.54 pct
Friday, 27 Apr 2018 

April 27 (Reuters) - Intesa Sanpaolo chairman Gian Maria Gros-Pietro says at the lender's shareholder meeting::BANKING FOUNDATION COMPAGNIA SAN SANPAOLO HAS CUT ITS STAKE IN LENDER TO 7.54 PERCENT.BLACKROCK STABLE AT 5.1 PERCENT.FONDAZIONE CARIPLO AT 4.84 PERCENT.  Full Article

Intesa CEO says Intrum deal has implications for other Italian banks
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Intesa Sanpaolo Chief Eexecutive Carlo Messinsa says::BAD LOANS' PRICE IN INTRUM DEAL SUPPORTED BY INDUSTRIAL LOGIC, HAS IMPORTANT MARKET IMPLICATIONS ALSO FOR OTHER ITALIAN BANKS.INTRUM DEAL STABILISES BAD LOAN MARKET BECAUSE IT SHOWS BOOK VALUES FOR THESE ASSETS ARE CORRECT..  Full Article

Intesa Sanpaolo SpA Reaches Agreement With Intrum For NPL
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Intesa Sanpaolo SpA ::SAYS INTRUM OFFER ACCEPTED.REACH A STRATEGIC AGREEMENT WITH INTRUM IN RESPECT OF NON-PERFORMING LOANS .AGREEMENT UNDERPINS THE DE-RISKING STRATEGY ENVISAGED BY INTESA SANPAOLO IN ITS 2018-2021 BUSINESS PLAN.SAYS AGREEMENT OBJECTIVE IS REDUCTION IN THE GROSS NPL RATIO TO SINGLE DIGIT (DOWN TO 9.6% FROM 11.9%, WHEN CONSIDERING 2017 YEAR-END FIGURES).SEES NET CAPITAL GAIN OF AROUND EURO 400 MILLION IN THE CONSOLIDATED INCOME STATEMENT.  Full Article

Intrum CEO says GACS state guarantee not necessary, maybe in future
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Intrum Justitia AB CEO says::STATE GUARANTEE NOT NECESSARY FOR SENIOR TRANCHE IN BAD LOAN SECURITISATION .VERY HAPPY WITH BANKS' FINANCING, MAY EXPLORE POSSIBILITY OF GACS IN THE FUTURE.  Full Article

Intesa CEO does not expect any further major bad loan disposals
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Intesa SanPaolo CEO says::DOES NOT EXPECT ANY FURTHER MAJOR BAD LOAN DISPOSALS.  Full Article

Intrum Justitia confirms bid to Intesa Sanpaolo regarding establishment of a servicer of non-performing loans
Monday, 16 Apr 2018 

April 16 (Reuters) - Intrum Justitia AB ::COMMENT REGARDING RUMORS ABOUT A BID FROM INTRUM TO INTESA SANPAOLO.SAYS CONFIRMS THAT ITS BOARD OF DIRECTORS HAVE SUBMITTED A BINDING OFFER TO INTESA SANPAOLO REGARDING ESTABLISHMENT OF A SERVICER OF NON-PERFORMING LOANS (NPLS) IN ITALY.SAYS BINDING OFFER IS PENDING ACCEPTANCE BY BOARD OF DIRECTORS OF INTESA SANPAOLO.SAYS INTRUM WILL OWN 51% OF JOINT VENTURE SERVICER.SAYS INTRUM, TOGETHER WITH A CO-INVESTOR, WILL ACQUIRE A 51% PARTICIPATION OF A NPL PORTFOLIO WITH A GROSS BOOK VALUE (GBV) OF EUR 10.8 BILLION TO BE DECONSOLIDATED FROM INTESA SANPAOLO.SAYS INTRUM WILL OWN 80% OF 51% OF HOLDING IN SPV.SAYS AFOREMENTIONED TRANSACTIONS REFLECT AN OVERALL VALUATION OF AROUND EURO 3.6 BILLION FOR JOINT VENTURE SERVICER AND NPL PORTFOLIO.SAYS INTRUM'S ESTIMATED TOTAL NET CASH INVESTMENT FOR ITS HOLDING IN SERVICING PLATFORM AND ITS INTERESTS IN SPV IS EUR 670 MILLION.SAYS INTRUM WILL MAKE AN INITIAL PAYMENT OF EUR 156 M AT END OF APRIL 2018.SAYS REMAINDER OF PURCHASE PRICE WILL BE PAID AT CLOSING, WHICH IS EXPECTED AT YEAR-END 2018.  Full Article

Intesa's top shareholder says has been given more time to cut stake
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - Intesa Sanpaolo::SHAREHOLDER COMPAGNIA DI SANPAOLO AGREED WITH ITALY'S TREASURY TO REDUCE STAKE IN BANK OVER TWO-THREE YEARS - COMPAGNIA'S SECRETARY GENERAL.BY LAW, BANKING FOUNDATIONS SUCH AS COMPAGNIA DI SANPAOLO MUST REDUCE EXPOSURE TO BANKING SECTOR.COMPAGNIA DI SANPAOLO WAS INITIALLY DUE TO REDUCE ITS STAKE BY APRIL 2018.WITH AN 8.25 PCT STAKE, COMPAGNIA DI SANPAOLO IS INTESA'S SINGLE BIGGEST SHAREHOLDER.  Full Article

Intesa Sanpaolo SpA News

CORRECTED-Banco BPM's bad loan sale drawing strong interest -sources

MILAN, June 18 A bad loan sale by Italy's third-largest bank Banco BPM is attracting strong interest from investors who are also keen to buy its debt collection business, two sources familiar with the matter said.

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