Intesa Sanpaolo, revenue at 7.7 billion (+76%). Messina: «Best 12 months ever» | EUROtoday

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Intesa Sanpaolo closes 2023 with a rising web revenue of seven.72 billion euros, up 76.4% in comparison with 4.4 billion the earlier 12 months.

The remuneration

The financial institution expects a “significant” money return for shareholders. The financial institution will suggest to the assembly whole dividends equal to five.4 billion euros (2.6 billion of 2023 interim dividends paid in November 2023 and proposal of two.8 billion of 2023 ultimate dividends to be paid in May 2024) and the intention to hold out a buyback equal to roughly 55 cents of some extent of Common Equity Tier 1 ratio as of 31 December 2023 to be began in June 2024 topic to the approval of the ECB and the Assembly.

The prospects: 2024 and 2025 revenue over 8 billion

«The forecasts for 2024 and 2025 are for a web revenue of greater than 8 billion», says the managing director and CEO of Intesa Sanpaolo, Carlo Messina, commenting on the 2023 outcomes. «In 2024 – he provides – we’ll proceed to design the brand new methods as a European chief, sustaining its dedication to crucial challenge for social cohesion within the nation, with vital advantages for all stakeholders. Net revenue in 2023 was 7.7 billion, the perfect 12 months ever; contemplating the 300 million dedicated in 2023 within the social challenge, the web revenue is shut to eight billion euros”.

CEO Carlo Messina: «First in terms of dividend yield in Europe»

«Our bank – states CEO Messina in a note – is the first in Europe in terms of dividend yield: it should be underlined that around 40% of the dividends are destined for Italian families and our shareholder foundations, allowing for important social interventions in their territories. The direct and indirect taxes incurred in 2023 amount to 4.6 billion euros, which entails an increase of 1.4 billion compared to 2022, with an increase in the benefit brought by Intesa Sanpaolo's results to the public budget. Medium and long-term credit disbursed in Italy in 2023 exceeds 40 billion euros; the companies we supported in returning from temporary difficulties to normal operations numbered 3,600 in the twelve months, with benefits in safeguarding jobs”.