Sustainable profitability and stable capital - the strengths of the Italian Intesa Sanpaolo group, to which belongs PRAVEX BANK

20.08.2018


At the meeting of the Board of Directors of Intesa Sanpaolo approved the consolidated financial statements of Intesa Sanpaolo for the first half of 2018 as at 30 July 2018.

the Results of the first half of 2018 confirm the strengths of the Group's sustainable profitability and stable capital, which is a Testament to the robust and well-diversified business model, focused on managing capital and ensuring its security within the framework of customer focus, including the involvement of client assets in the amount of approximately $ 1 trillion. the Euro and financial activities, which provides hedging against the impact of market volatility.

semi-annual results of the Group show that it is firmly on track to achieve the outcomes defined in the development plan for the years 2018-2021, in particular, to the end of 2018 to increase the net profit, which in 2017 amounted to 3.8 billion euros.

Operating income (operating  income) at the end of the 2nd quarter of 2018 amounted to € 4,604 million, a decrease of 4.3% compared to the 1st quarter of 2018 and the first half of 2018 amounted to 9,416 million euros, an increase of 6.1% compared to the first half of 2017.
Operating expenses (operating  costs) at the end of the 2nd quarter of 2018 amounted to 2,306 million euros, an increase of 0.1% compared with the 1st quarter of 2018 and the first half of 2018 amounted to 4,610 million Euro, a decrease of 3.4% compared to the first half of 2017.
Operating margin (operating  margin) at the end of the 2nd quarter of 2018 amounted to 2,298 million Euro, a decrease of 8.4% compared to the 1st quarter of 2018 and the first half of 2018, totaled 4,806 million euros, an increase of 17% compared to the first half of 2017.
gross profitgross  income) at the end of the 2nd quarter of 2018 amounted to 1,576 million euros compared to 1,977 million euros in the 1st quarter of 2018 and the first half of 2018 amounted to 3,553 thousand euros compared to 2 916 million euros in the first half of 2017.
Net profit (net incomeat the end of the 2nd quarter of 2018 amounted to € 927 million compared with € 1 252 million in the 1st quarter of 2018 and the first half of 2018 amounted to 2,179 million euros, compared with 1,738 million euros in the first half of 2017.br>Ratio dostatochno  capital made in the first half 2018.

13.6% of the full basis (fully loaded);

13.4% on a transitional basis (phased in).

For reference:

JSC "PRAVEX BANK" is part of banking group Intesa  Sanpaolo (Intesa Sanpaolo), which ranks among the leading banking groups  the Euro zone and leader in Italy in all directions of banking activities  (retail, corporate segments and financial management). As at 30 June 2018, the network of the Intesa Sanpaolo Group has 659 5 offices, 4 of which 531 are located in Italy and 1 128 abroad. The total number of employees 94 829.

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