.jpg)
2 hours ago
2
Article content
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
MILAN, Feb. 02, 2026 (GLOBE NEWSWIRE) — Intesa Sanpaolo unveiled its 2026–2029 Business Plan, setting out a strategy built on businesses already in place, investments already made and a proven operating model.
Article content
Article content
The Plan targets a sustainable ROE >20%, confirms the Group’s Zero-NPL profile and is underpinned by a technology- and fee-driven business model. It is designed to be delivered with no execution risk, supported by Intesa Sanpaolo’s long-standing ability to extract intragroup synergies. Over the 2025–2029 period, the Group expects to return ~€50 billion of capital to shareholders, while maintaining a rock-solid capital base and a very low risk profile.
Article content
Article content
A strategy built on strength and resilience
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Intesa Sanpaolo operates a fully integrated Wealth Management, Protection and Advisory platform built on fully owned product factories and distribution networks under full strategic control.
Article content
The Group expects to deliver a net increase of 2.5 million customers over the plan period, supported by a comprehensive digital offering and the expansion of advisory capabilities in Italy and abroad.
Article content
Italy and International Banks: growth through scale and synergies
Article content
In Italy, the Business Plan foresees the continued development of advisory networks, including the scale-up of the Global Advisors network within the Banca dei Territori Division, which is set to become Italy’s third-largest financial advisory network. Fideuram, part of Intesa Sanpaolo, will remain the market leader.
Article content
Outside Italy, the International Banks Division is positioned as an important driver of Group growth. The Plan envisages the export of the proven Italian business model to the Group’s international subsidiaries, supported by enhanced advisory capabilities, technology and deeper synergies with other Group Divisions. By 2029, a Fideuram-style advisory network will be established within the International Banks Division, comprising around 1,200 advisors.
Article content
Article content
European optionality: isywealth Europe
Article content
The Plan also introduces isywealth Europe as a new strategic option for mid-term growth. Leveraging Intesa Sanpaolo’s leadership in Wealth Management, significant technology investments and existing branch presence, the Group sees the opportunity to become a challenger in key European markets including France, Germany and Spain. The initiative combines digital capabilities with the development of a sizeable advisory network, while leveraging fully owned product factories and selected partnerships with global leaders.
Article content
Financial targets and capital returns
Article content
By 2029, Intesa Sanpaolo targets net income above €11.5 billion, with a ROE of 22% and a ROTE of 27%. Absolute costs are expected to decline by 1.8% between 2025 and 2029, while revenues are projected to grow at 3% CAGR. Customer Financial Assets are expected to reach approximately €1.7 trillion, while the CET1 ratio will remain above 12.5%. Cost of risk is expected to remain in the range of 25–30 bp.
Article content
Over the 2025–2029 period, the Group expects to deliver capital returns of ~€50 billion, with a cash dividend payout ratio of 75% for the plan period and share buybacks representing around 20% of total distributions.
English (US)