Intesa Sanpaolo closes 2023 with a growing net profit of 7.72 billion euros, up 76.4% compared to 4.4 billion the previous year.
In the fourth quarter the net result beat analysts' expectations and stood at 1.6 billion euros.
The bank provides a significant cash return for shareholders.
Proposal to the meeting for total dividends of 5.4 billion euros (2.6 billion of 2023 interim dividends paid in November 2023 and proposal of 2.8 billion of final 2023 dividends to be paid in May 2024) and the intention to carry out a buyback equal to at approximately 55 cents of a point of commonequity tier 1 ratio to be launched in June 2024 subject to the approval of the ECB and the assembly.
The forecasts for 2024 and 2025 are for a "net profit of more than 8 billion", says Eceo managing director Carlo Messina.
"In 2024 - he adds - we will continue to design the new strategies of the European leader, maintaining our commitment to the most important project for social cohesion in the country, with significant benefits for all stakeholders. The net profit in 2023 was 7.7 billion, the best year ever; considering the 300 million committed in 2023 in the social project, the net profit is close to 8 billion euros".
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