Intesa Sanpaolo, Common Equity Tier 1 expected as of Dec. 31

(Alliance News) - Intesa Sanpaolo Spa announced on Friday that the group's fully loaded Common Equity Tier 1 ratio is expected to stand at levels in the range of 13 percent as of Dec. 31, 2022, and thereafter at levels that meet the target above 12 percent over the Business Plan horizon to 2025, taking into account all expected regulatory impacts and the execution of the buyback for the remaining EUR1.7 billion authorized by the ECB, on which the board of directors will decide by Feb. 3, and without taking into account about 120 cents of a point benefit from the absorption of deferred tax assets, of which about 35 in the Plan horizon to 2025.

On Friday, Intesa closed 1.9 percent in the red at EUR2.18 per share.

By Claudia Cavaliere, Alliance News reporter

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