Intesa Sanpaolo closed 2012 with a net profit of 1,605 billion after total provisions for credit risks of around 4,7 billion, an increase of 11% on 2011.
The net profit figure is not comparable with that of 2011 which closed with a loss of 8,19 billion after write-downs of goodwill. At a normalized level, net income stands at 1,473 billion against 1,445 billion in 2011.
At the equity level, Core Tier 1 grew by 110 basis points to 11,2%, Common equity calculated pro forma for Basel 3 at 10,6% (+70 basis points), pro forma EBA at 10,3% ( +110 basis points). The BoD proposes a dividend of 5 cents for each ordinary share (unchanged) and 6,1 cents for each savings stock (a coupon of 5 cents was distributed last year). Against revenues up by 6,5% and costs down by 2,5%, the cost/income ratio stood at 49,8%.
