Intesa Sanpaolo achieves record results for first nine months of 2024 and reaffirms its position as a European leader
Intesa Sanpaolo has reported a net income of €7.2 billion for the first nine months of 2024, a 17% increase compared to 2023, marking its highest ever for this period and reinforcing its position as a European leader. “The results of the first nine months of 2024 reaffirmed Intesa Sanpaolo’s position as a European leader,” stated CEO Carlo Messina, noting that the bank’s market value now aligns with BNP Paribas and Santander, despite those banks having larger balance sheets. “For 2024, we expect net income to exceed €8.5 billion,” Messina added, “and the 2025 target has been raised to approximately €9 billion, reflecting our bank’s strong organic growth potential.”
These results, achieved through high profitability, a low-risk profile, and a strong capital base, highlight the bank’s resilience and its essential role in supporting Italy’s economy.
Record Operational Achievements and Economic Contributions
Intesa Sanpaolo recorded an 8% rise in commissions, the highest-ever income from insurance, and a Cost/Income ratio of 39.1%—the lowest in Europe. The bank also achieved a record-low Non-Performing Loans (NPL) ratio of 0.9%, confirming its “zero-NPL bank” status. In 2024, the bank provided over €30 billion in medium- and long-term loans to Italian households and businesses, while tax contributions rose by €700 million to €4.6 billion.
Dividend Distribution and Social Impact
With €5 billion in dividends accrued by September 30, 2024, 40% of which is directed to Italian families and shareholder foundations, the bank also emphasizes social responsibility. Over €0.5 billion was deployed for social projects, engaging approximately 1,000 employees.
Advancing Digital Transformation and Sustainability
Intesa Sanpaolo is accelerating its tech initiatives, including the Isytech cloud platform and digital bank, isybank, which has attracted over 400,000 new accounts (75% held by clients under 35). In line with its ESG goals, the bank delivered over 48.2 million interventions for people in need and allocated €62.7 billion to green and circular economy projects. Intesa Sanpaolo also achieved a renewable energy usage rate of 90% across the Group, reaching 100% in Italy, leading in European sustainability efforts.
ABOUT EXIMBANK
EXIMBANK is a universal commercial bank, providing high-quality services for both the corporate segment, which operates in all branches of the national economy across the country, and the retail segment. Currently, in addition to the traditional package of banking services (cash and settlement operations, loans, opening and servicing deposit accounts, securities operations), EXIMBANK offers high-tech banking services and products based on IP technologies (Internet-banking "EXIMBANK-ONLINE", Mobile Banking).
Website: https://eximbank.md/ro
LinkedIn: https://www.linkedin.com/company/eximbank-bank-of-intesa-sanpaolo/
ABOUT INTESA SANPAOLO
Intesa Sanpaolo, with over €420 billion in loans and €1.3 trillion in customer financial assets at the end of 2023, is the largest banking group in Italy, with a significant international presence. It is a European leader in wealth management, with a strong focus on digital and fintech. The Group will provide €115 billion of Impact lending by 2025 to support communities and the green transition, together with a €1.5 billion program (2023-2027) to help people in need. The Bank's network of museums, the Gallerie d'Italia, hosts its owned artistic heritage and cultural projects of recognized value.
News: group.intesasanpaolo.com/en/newsroom/news
X: @intesasanpaolo
LinkedIn: linkedin.com/company/intesa-sanpaolo
