The Intesa Sanpaolo shareholders' meeting approved the budget 2020, which confirmed a solid capitalization and a net profit which, despite the Covid-3, exceeded XNUMX billion euros. Green light in particular to distribution of the maxi dividend to the shareholders: the shareholders' meeting ratified the decision to pay the maximum amount allowed by the directives of the regulatory authorities, with the double coupon relating to 2019 and 2020. All the other items on the agenda, which concerned remuneration, were also approved by a very large majority and the purchase of treasury shares.
“Even in a complex year like the one behind us – commented the CEO Carlo Messina -, Intesa Sanpaolo has been able to stand alongside businesses and households in the country by supporting the real economy and further strengthening its commitment to counter the emergency health and social. We manage 1.200 billion of Italian savings, we have granted 500 billion euros of credit, almost a third of the national GDP. 35 billion euro of transactions pass through the active current accounts at our Bank every day, we hold about 100 billion euro of public debt securities, We are the second largest creditor of the State after the ECB, in the last three years we have achieved a total net profit of about 10 billion euros”.
“We have disbursed – continued Messina – 95 billion euro of new credit, almost half of which have a high social impact, support the productive fabric we promptly promoted moratoriums on loans for 95 billion, and new Fund for Impact initiatives were launched to help students, working mothers, people and families with difficulties, small and very small businesses. We have supported the Third Sector, particularly affected by the worsening of the socio-health emergency, with loans to non-profit entities for over 520 million euros". The bank has also been at the forefront for the implementation of the Recovery Plan just launched by Parliament: “We intend to make over 400 billion in medium-long term disbursements available, of which: over 140 billion to households; about 120 billion to companies with a turnover of up to 350 million; about 150 billion to companies with a turnover of more than 350 million".
“Intesa Sanpaolo – added the chairman Gian Maria Gros-Pietro – is a landmark of the country, has always lived alongside families and businesses, is rooted in the territories and communities in which it operates, shares their problems, accompanies and promotes economic development, contributes to strengthening social cohesion, is particularly active in protecting and enhancing the artistic and cultural heritage, foundation of civil progress. On 12th April 2021, with the completion of the integration of UBI Banca into Intesa Sanpaolo, a further step in a success story took place: the birth of an even more solid entity capable of strengthening the Italian financial system and supporting territories, alongside families, businesses and society".
