Intesa Sanpaolo close the 2014 financial year with a Net income accountant of 1,251 billion, recovering from the loss of 4,55 billion recorded in 2013. If we exclude the retroactive increase in taxation relating to the investment in the Bank of Italy, the net result stands at approximately 1,7 billion. An even better net and recurring result is expected for 2015. This was communicated by the Bank, specifying that the Board of Directors proposed the distribution of a dividend of 7 euro cents per ordinary share and 8,1 cents for savings.
The accounts and the dividend higher than analysts' expectations gave wings to the stock market of the institute, which at the beginning of the afternoon came to gain five percentage points, achieving the best increase of the Ftse Mib.
In December 2014 Intesa Sanpaolo strengthened its own capital ratios, which were already above the regulatory requirements. Taking into account the dividends accrued for the year, the fully loaded pro-forma Basel 3 Common Equity ratio rose to 13,3% from 12,3% at the end of 2013, the top level among the major European banks.
The Common Equity ratio according to the transitional criteria in force for 2014 was 13,6% compared to 11,9% pro-forma at the end of 2013. Liquid assets amounted to 97 billion. The liquidity requirements Liquidity Coverage Ratio and Net Stable Funding Ratio of Basel 3 have already been met, ahead of the date envisaged for the entry into force (2018).
