Intesa Sanpaolo, coupon 2,015 richer, confirms 2016 target dividends to 3 billion – Reuters Italy

MILAN (Reuters) – Intesa Sanpaolo claps his promises dividend of the business plan on distributing 2015 2.4 billion euro cash (the target was 2 billion) for 2016 and confirms the objective of distributing 3 billion.

The 2015 It saw net profits growing to 2.74 billion from 1.25 billion and the data on provisions for lower credit risks by 2010.

in the fourth quarter, net income was $ 13 million, reflecting the extraordinary contribution to the resolution fund of about 380 million before taxes. The estimates of six analysts gathered by Reuters converged on a net profit of 80 million.

The title has accelerated soon after coming to terms earning 4% while concurrently to 14.15 with a negative reversal in Business Square holds a rise of 0.89% to 2.502 euro in line with the European sector. The market rewards the news of higher dividend to the plan promises that an analyst “is a positive surprise.”

The dividend per share is 14 cents per ordinary (doubled compared to 7 cents in 2014) and 15.1 cents per savings share (from 8.1 in 2014).

The capital ratios see a CET1 to 13.1% in the regime and 13% transient, slightly below the 13.4% recorded at the end of September.

Net operating income increased by 1.9% to 17 , 15 billion in 2015, representing a decrease of 12.1% to 3.7 billion in the fourth quarter from the previous three months. commissions were up (+ 10.8% to 7.5 billion) and trading (+ 40.5% to just over 1 billion), while net interest income fell by 6.5% to 7.8 billion.

During the year provisions against the risk on loans fell by 27.6% to 3.3 billion, lowest since 2010. the coverage is 47.6% (139% taking into account the collateral). The non-performing loans coverage is 61.8%. The stock of non-performing loans fell by 3% compared to September and by 1% compared to the end of 2014, while the non-performing loans flows from performing loans are at the lowest level since 2007.

For 2016 Intesa sees an increase in operating income due to net commissions and loans to customers, and net operating income. More …