Revolution in sight for Intesa Sanpaolo. According to the Financial Times, the strategic plan that the CEO Carlo Messina will present on March 28 provides for the creation of a internal bad bank to which to allocate doubtful loans for a total value of 55 billion euro.
The news was welcomed by the markets. Half an hour after the opening, Intesa's share on the Stock Exchange gains 0,8%, while the Ftse Mib travels in the red by 0,2%.
The bad bank's strategy should encourage investors to pay greater attention to the potential of the institution which, underlines the British newspaper, is worth only two-thirds of book values on the stock exchange, much less than its competitors.
The strategic plan will also include a road map for leaving Alitalia and Telecom.
