Intesa Sanpaolo Sees Fully Loaded CET1 Ratio Above 12% Through 2025
23 Janvier 2023 - 8:16AM
Dow Jones News
By Pierre Bertrand
Intesa Sanpaolo SpA said late Friday that it expects to achieve
a fully loaded common equity Tier 1 ratio well above 12% during the
course of its business plan to 2025.
The Italian bank, responding to a media report, said it expects
the ratio at around 13% as of Dec. 31, 2022.
Bloomberg on Friday, citing unnamed sources, reported the bank
was cutting risk-weighted assets by as much as 20 billion euros
($21.71 billion) through the sale of loans and other assets, after
the European Central Bank critiqued its risk assessment
methodology.
Intesa Sanpaolo said its actions to reduce its risk-weighted
assets during the fourth quarter of 2022 relate to regulatory
changes by European Banking Authority guidelines applicable as of
Jan. 1 and "contribute to the significant value creation and
distribution to shareholders."
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
January 23, 2023 02:01 ET (07:01 GMT)
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