1 August 2019, Turin, Milan, Moscow. At its meeting on 30 July, the Board of Directors of Intesa Sanpaolo approved the consolidated interim statement as at 30 June 2019.
Results for both the second quarter and the first half of 2019 show that the Group is firmly on track to deliver on its targets. They reflect the Group’s sustainable profitability, which derives from a solid capital base and strong liquidity position, and from a resilient and well-diversified business model.
Operating income in Q2 2019 was €4,677M (+6.6% versus Q1 2019), and in H1 2019 was €9,066M (-3.8% versus H1 2018).
Operating costs in Q2 2019 were €2,266M (+2.8% versus Q1 2019), and in H1 2019 was €4,470M (-3.2% versus H1 2018).
Operating margin in Q2 2019 was €2,411M (+10.3% versus Q1 2019), and in H1 2019 was €4,596M (-4.3% versus H1 2018).
Gross income in Q2 2019 was €1,821M versus €1,792M in Q1 2019, and in H1 2019 was €3,613M versus €3,539M in H1 2018.
Net income in Q2 2019 was €1,216M versus €1,050M in Q1 2019, and in H1 2019 was €2,266M in versus €2,179M in H1 2018.
Capital ratios: common equity tier 1 ratio after dividends accrued in Q2 2019:
• 13,9% pro-forma fully loaded;
• 13,6% phased in.
As at 30 June 2019, the Intesa Sanpaolo Group’s operating structure had a total network of 4,967 branches, consisting of 3,901 branches in Italy and 1,066 abroad, and employed 90,888 people.All press-releases