

Intesa Sanpaolo cut €2.4bn of bad loans in 2019
Non-performing loans (NPLs) at Italian lender Intesa Sanpaolo dropped to €14.2 billion ($15.7 billion) at end-2019, –14% lower than a year earlier, outpacing the bank’s own expectations.
The jettisoning of soured assets took place at a slower rate than in 2018, when NPLs fell by –26%, and in 2017, when they declined by –24%. The drop would have been greater but for the adoption of a new definition of default in November, which lifted NPL amounts by €500 million net.
As of end-2019, the ratio
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Derivatives
Callable repack frenzy opens up new options market in Europe
Demand driven mainly by French life insurers looking for alternatives to low-yielding sovereign bonds
Receive this by email