Intesa Sanpaolo closed the first quarter of 2012 with a net profit of 804 million euro, up 21,6% compared to the 661 million of the first quarter of 2011. "If we exclude the main non-recurring items - explains a note from the Bank - the normalized net result in the first quarter of 2012 is equal to 746 million, compared to 762 million in the first quarter of 2011”. In the early afternoon, Intesa's share on the Stock Exchange increased by 0,77%.
The net profit for the first quarter, underlines the note, is “the highest result of the last seven quarters” and is “already equal to the payout for the 2011 financial year”. Strong growth in the operating margin, which amounted to 2,606 billion in the quarter, with an increase of 32,8% compared to the first quarter of 2011. Double-digit growth also for operating income, equal to 4,813 billion (+ 14,5%).
In terms of capital solidity, the ratios were "further strengthened" at the end of March 2012: Core Tier 1 rose to 10,5% from 10,1% at the end of 2011 and the pro-forma EBA ratio to 9,6% , compared to 9,2% from the EBA analysis of September 2011 data and the minimum requirement of 9%.
