Intesa Sanpaolo: results of the stress test at the EU level to 2018


the Turin – Milan, November 2, 2018  years  in the Intesa Sanpaolo Group has applied the requirements of the European Union concerning extended stress testing to 2018, conducted by the European banking authority, in cooperation with the Bank of Italy, the European Central Bank (ECB) and the European systemic risk Board (ERSR).

the Intesa Sanpaolo Group fully recognizes the results that were declared today by the EBA on the application of the requirements of the European Union concerning the extended stress-testing.

Stress testing and 2018 was conducted on the EU level, does not contain a "threshold" test and is designed to be used as an important source of information for the purposes of SREP (Supevisory Review and Evaluation Proccess). The results will help authorized authorities, to assess the ability of the Intesa Sanpaolo Group to adhere to appropriate prudential requirements in scenarios of stress.

the Adverse scenario of the stress test was designed by the ECB/ERSR, which covers a period of three years (2018 – 2020). Stress testing was carried out using the statistical assumptions on the balance sheet as of December 2017, it does not take into account future business strategies and management actions. You should not consider the test results as the predictable yield of Intesa Sanpaolo.

the amount of basic capital Common  Equity Tier 1 (CET1 figure), which follows from stress testing to 2020,  last year that was considered during the testing is:

  • 13,04% on a transitional basis in accordance with the transitional agreements for the year 2020 and 12,28% full-based on basic  scenario;
  • 10,40% on a transitional basis in accordance with the transitional agreements for 2020 year of 9.66% on a full basis, according to the basic  scenario.

These values are compared with the initial  values of 13.24% on a transitional basis and 11, 85% complete as of December 31, 2017, taking into account the impact of the first implementation of IFRS 9.

estimated indicator  CET1, which arises stress testing to 2020 in the unfavorable scenario is  10,99% on a transitional basis and of 10.26% for the full basis is considering the capital increase that took place on 11  July 2018 Long-term plan for the promotion of 2.0 LECOIP to 2018 – 2021 and transfer of shares  of savings into ordinary shares, which ended August 7, 2018, everything else remains unchanged.

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Download English version Intesa Sanpaolo 2018 EU-Wide stress-test results.pdf

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