Intesa Sanpaolo has unveiled its 2026–2029 Business Plan, setting out a strategy focused on sustainable profitability, disciplined execution and scalable growth.
Key elements of Intesa Sanpaolo’s 2026-2029 Business Plan include:
- commitment to deliver a Return on Equity above 20% through a tech- and fee-driven business model
- structural cost reduction in absolute terms
- confirmation of a Zero-NPL profile.
The three pillars of the 2026-2029 Business Plan
- Cost reduction
Costs are expected to decrease by approximately €200 million in absolute terms, driven by around €1.6 billion in gross cost savings, while continuing to invest in technology and growth.
2. Conservative revenue growth
Revenue growth will be driven by strong internal growth potential and Group synergies, without relying on interest rate increases. The focus is on Wealth Management, Protection and Advisory, with commissions as the main growth driver, supported by fully owned product factories, expanded advisory networks in Italy and abroad, Consumer Finance growth, scaling in Corporate & Investment Banking, and a growing contribution from the Group’s International Banks.
3. Low cost of risk
As a Zero-NPL Bank, Intesa Sanpaolo will keep NPL inflows low through high-quality origination and optimised credit portfolio management, delivering a structurally low cost of risk throughout the plan period without relying on overlays.
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