Intesa sanpaolo: consolidated results as at 30 june 2024

The results for the first half of 2024 highlight that intesa sanpaolo is able to generate solid sustainable profitability, with net income of €4.8 billion and expected to exceed €8.5 billion in full-year 2024.

Significant cash return to shareholders: €3.3 billion of dividends accrued in h1 2024 (in addition to the buyback of €1.7 billion launched in june 2024).

The solid performance of income statement and balance sheet in the first half of the year translated into significant value creation for all the stakeholders, not only for the shareholders, which is also grounded in the group’s strong esg commitment:

Specifically:

• €3.1 billion taxes were generated (up by €0.5 billion on h1 2023 due to growth in net interest income)
• the food and shelter programme for people in need was expanded (over 41.8 million interventions in the period 2022 - h1 2024);
• initiatives were enhanced to fight inequalities and foster financial, social, educational and cultural inclusion (€17.2 billion of social lending and urban regeneration in the period 2022 - h1 2024);
• around €1.5 billion to be contributed in 2023-2027 to address social needs (around €0.5 billion of which already contributed in 2023 - h1 2024);

In h1 2024, the group facilitated the return to performing status of around 1,500 companies, thus safeguarding around 7,300 jobs. Intesa sanpaolo continues to operate as a growth accelerator in the real economy in italy: in h1 2024, medium/long-term new lending granted by the group to italian households and businesses amounted to around €20 billion. This brought the total to around 142,000 companies since 2014, with around 711,000 jobs safeguarded over the same period.

Intesa sanpaolo is fully equipped to continue succeeding in the future thanks to:

• the group’s key strengths, notably: resilient profitability, a solid capital position, the zero-npl bank status, significant investment in technology and high flexibility in managing operating costs;
• Its leadership in wealth management, protection & advisory with around €100 billion in customer financial assets identified to fuel growth in assets under management facilitated by declining interest rates;

 Read the full report here.