CEO of Intesa Sanpaolo presents the 1H 2020 results
Carlo Messina, CEO of Intesa Sanpaolo: "Faced with this very challenging environment, we achieved the best first-half Net income since 2008 – at €2.6 billion – meaning we have already delivered 86% of the €3 billion minimum Net income target for this year. If we exclude the nearly €900 million in provisions to cover possible future impact from COVID-19, then Net income actually increased 39% compare to the first half of 2019.
Now we are opening a new chapter in our Group’s history. Last week, we successfully concluded our offer to UBI shareholders. Launched five months ago, we completed the offer right on time. We are proud that UBI shareholders representing 90.2% of the share capital chose to become part of Intesa Sanpaolo."
Read the full statement of Carlo Messina, CEO of Intesa Sanpaolo, through which he presents the 1H 2020 results and welcomes the new colleagues of UBI Banca: