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    ISP   IT0000072618

INTESA SANPAOLO S.P.A.

(ISP)
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Intesa Sanpaolo: 2021 EU-wide Transparency Exercise

12/03/2021 | 12:12pm EST

PRESS RELEASE

INTESA SANPAOLO: 2021 EU-WIDE TRANSPARENCY EXERCISE

Turin - Milan, 3 December 2021 - Intesa Sanpaolo notes the announcement made today by the European Banking Authority regarding the information of the 2021 EU-wide Transparency Exercise.

Background EU-wide Transparency Exercise

The EBA Board of Supervisors approved the package for the EU-wide Transparency Exercise, which since 2016 is performed on an annual basis and published along with the Risk Assessment Report (RAR). The annual transparency exercise will be based solely on COREP/FINREP data on the form and scope to assure a sufficient and appropriate level of information to market participants.

The templates were centrally filled in by the EBA and sent afterwards for verification by banks and supervisors. Banks had the chance to correct any errors detected and to resubmit correct data through the regular supervisory reporting channels, and to add specific information as required to further clarify individual data.

Investor Relations

Media Relations

+39.02.87943180

+39.02.87962326

investor.relations@intesasanpaolo.com

stampa@intesasanpaolo.com

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2021 EU-wide Transparency Exercise

Bank Name

Intesa Sanpaolo S.p.A.

LEI Code

2W8N8UU78PMDQKZENC08

Country Code

IT

In

3

202009

202012

202103

202106

2021 EU-wide Transparency Exercise

Key Metrics

Intesa Sanpaolo S.p.A.

As of

As of

As of

As of

COREP CODE

REGULATION

(mln EUR, %)

30/09/2020

31/12/2020

31/03/2021

30/06/2021

Available capital (amounts)

Common Equity Tier 1 (CET1) capital - transitional period

50,325

51,070

50,080

48,992

C 01.00 (r020,c010)

Article 50 of CRR

Common Equity Tier 1 (CET1) capital - transitional period - as if IFRS 9 or analogous ECLs

48,192

48,941

48,568

47,474

C 01.00 (r020,c010)

Article 50 of CRR

transitional arrangements had not been applied

- C 05.01 (r440,c010)

Tier 1 capital - transitional period

57,821

58,556

56,300

55,257

C 01.00 (r015,c010)

Article 25 of CRR

Tier 1 capital as if IFRS 9 or analogous ECLs transitional arrangements had not been applied -

55,689

56,427

54,789

53,739

C 01.00 (r015,c010)

Article 25 of CRR

transitional definition

- C 05.01 (r440,c010)

- C 05.01 (r440,c020)

Total capital - transitional period

67,097

67,933

65,623

64,776

C 01.00 (r010,c010)

Articles 4(118) and 72 of CRR

Total capital - transitional period - as if IFRS 9 or analogous ECLs transitional arrangements

65,838

66,773

65,016

64,170

C 01.00 (r010,c010) - C 05.01 (r440,c010)

Articles 4(118) and 72 of CRR

had not been applied

- C 05.01 (r440,c020) - C 05.01 (r440,c030)

Risk exposure amounts

Total risk exposure amount

342,251

347,072

336,062

329,748

C 02.00 (r010,c010)

Articles 92(3), 95, 96 and 98 of CRR

Total risk exposure amount as if IFRS 9 or analogous ECLs transitional arrangements had not

343,750

348,519

337,072

330,715

C 02.00 (r010,c010)

Articles 92(3), 95, 96 and 98 of CRR

been applied

- C 05.01 (r440,c040)

Capital ratios

Common Equity Tier 1 (as a percentage of risk exposure amount) - transitional definition

14.70%

14.71%

14.90%

14.86%

CA3 {1}

-

Common Equity Tier 1 (as a percentage of risk exposure amount) - transitional definition - as

14.02%

14.04%

14.41%

14.35%

(C 01.00 (r020,c010)

- C 05.01 (r440,c010) )/

-

if IFRS 9 or analogous ECLs transitional arrangements had not been applied

(C 02.00 (r010,c010)

- C 05.01 (r440,c040) )

Tier 1 (as a percentage of risk exposure amount) - transitional definition

16.89%

16.87%

16.75%

16.76%

CA3 {3}

-

Tier 1 (as a percentage of risk exposure amount) as if IFRS 9 or analogous ECLs transitional

(C 01.00 (r015,c010)

- C 05.01 (r440,c010)

-

16.20%

16.19%

16.25%

16.25%

C 05.01 (r440,c020) ) / (C 02.00 (r010,c010)

- C

-

arrangements had not been applied

05.01 (r440,c040) )

Total capital (as a percentage of risk exposure amount) - transitional definition

19.60%

19.57%

19.53%

19.64%

CA3 {5}

-

Total capital (as a percentage of risk exposure amount) as if IFRS 9 or analogous ECLs

(C 01.00 (r010,c010)

- C 05.01 (r440,c010)

19.15%

19.16%

19.29%

19.40%

- C 05.01 (r440,c020) - C 05.01 (r440,c030) /

-

transitional arrangements had not been applied

(C 02.00 (r010,c010) - C 05.01 (r440,c040) )

Leverage ratios

Leverage ratio total exposure measure - using a transitional definition of Tier 1 capital

881,054

814,646

786,344

805,410

C 47.00 (r300,c010)

Article 429 of the CRR; Delegated Regulation (EU) 2015/62 of 10 October 2014

amending CRR

Leverage ratio - using a transitional definition of Tier 1 capital

6.56%

7.19%

7.16%

6.86%

C 47.00 (r340,c010)

Article 429 of the CRR; Delegated Regulation (EU) 2015/62 of 10 October 2014

amending CRR

4

202009

202012

202103

202106

2021 EU-wide Transparency Exercise

Leverage ratio

Intesa Sanpaolo S.p.A.

As of

As of

As of

As of

COREP CODE

REGULATION

(mln EUR, %)

30/09/2020

31/12/2020

31/03/2021

30/06/2021

A.1

Tier 1 capital - transitional definition

57,821

58,556

56,300

55,257

C 47.00 (r320,c010)

A.2

Tier 1 capital - fully phased-in definition

55,689

56,427

54,789

53,739

C 47.00 (r310,c010)

Article 429 of the CRR; Delegated Regulation

(EU) 2015/62 of 10 October 2014 amending

B.1

Total leverage ratio exposures - using a transitional definition of Tier 1 capital

881,054

814,646

786,344

805,410

C 47.00 (r300,c010)

CRR

B.2

Total leverage ratio exposures - using a fully phased-in definition of Tier 1 capital

878,692

812,646

784,846

803,826

C 47.00 (r290,c010)

C.1

Leverage ratio - using a transitional definition of Tier 1 capital

6.6%

7.2%

7.2%

6.9%

[A.1]/[B.1]

C.2

Leverage ratio - using a fully phased-in definition of Tier 1 capital

6.3%

6.9%

7.0%

6.7%

[A.2]/[B.2]

5

202009

202012

202103

202106

2021 EU-wide Transparency Exercise

Capital

Intesa Sanpaolo S.p.A.

(mln EUR, %)

As of 30/09/2020

As of 31/12/2020

As of 31/03/2021

As of 30/06/2021

COREP CODE

REGULATION

A

OWN FUNDS

67,097

67,933

65,623

64,776

C 01.00 (r010,c010)

Articles 4(118) and 72 of CRR

A.1

COMMON EQUITY TIER 1 CAPITAL (net of deductions and after applying

50,325

51,070

50,080

48,992

C 01.00 (r020,c010)

Article 50 of CRR

transitional adjustments)

A.1.1

Capital instruments eligible as CET1 Capital (including share premium and net own capital

37,253

37,266

37,268

37,109

C 01.00 (r030,c010)

Articles 26(1) points (a) and (b), 27 to 29, 36(1) point (f) and 42 of CRR

instruments)

A.1.2

Retained earnings

24,648

23,128

23,139

23,535

C 01.00 (r130,c010)

Articles 26(1) point (c), 26(2) and 36 (1) points (a) and (l) of CRR

A.1.3

Accumulated other comprehensive income

-298

294

38

185

C 01.00 (r180,c010)

Articles 4(100), 26(1) point (d) and 36 (1) point (l) of CRR

A.1.4

Other Reserves

-3,265

-3,265

-3,265

-3,265

C 01.00 (r200,c010)

Articles 4(117) and 26(1) point (e) of CRR

A.1.5

Funds for general banking risk

0

0

0

0

C 01.00 (r210,c010)

Articles 4(112), 26(1) point (f) and 36 (1) point (l) of CRR

A.1.6

Minority interest given recognition in CET1 capital

31

31

32

7

C 01.00 (r230,c010)

Article 84 of CRR

A.1.7

Adjustments to CET1 due to prudential filters

662

707

528

506

C 01.00 (r250,c010)

Articles 32 to 35 of and 36 (1) point (l) of CRR

A.1.8

(-) Intangible assets (including Goodwill)

-8,524

-6,760

-6,751

-8,029

C 01.00 (r300,c010) + C 01.00 (r340,c010)

Articles 4(113), 36(1) point (b) and 37 of CRR. Articles 4(115), 36(1) point (b) and 37 point (a)

of CCR

A.1.9

(-) DTAs that rely on future profitability and do not arise from temporary differences net of

-1,619

-1,824

-1,817

-1,867

C 01.00 (r370,c010)

Articles 36(1) point (c) and 38 of CRR

associated DTLs

A.1.10

(-) IRB shortfall of credit risk adjustments to expected losses

-268

-299

-288

-293

C 01.00 (r380,c010)

Articles 36(1) point (d), 40 and 159 of CRR

A.1.11

(-) Defined benefit pension fund assets

0

0

0

0

C 01.00 (r390,c010)

Articles 4(109), 36(1) point (e) and 41 of CRR

A.1.12

(-) Reciprocal cross holdings in CET1 Capital

0

0

0

0

C 01.00 (r430,c010)

Articles 4(122), 36(1) point (g) and 44 of CRR

A.1.13

(-) Excess deduction from AT1 items over AT1 Capital

0

0

0

0

C 01.00 (r440,c010)

Article 36(1) point (j) of CRR

A.1.14

(-) Deductions related to assets which can alternatively be subject to a 1.250% risk weight

-100

-104

-84

-106

C 01.00 (r450,c010) + C 01.00 (r460,c010) +

Articles 4(36), 36(1) point (k) (i) and 89 to 91 of CRR; Articles 36(1) point (k) (ii), 243(1) point

C 01.00 (r470,c010) + C 01.00 (r471,c010)+

(b), 244(1) point (b) and 258 of CRR; Articles 36(1) point k) (iii) and 379(3) of CRR; Articles

C 01.00 (r472,c010)

36(1) point k) (iv) and 153(8) of CRR and Articles 36(1) point k) (v) and 155(4) of CRR.

A.1.14.1

Of which: from securitisation positions (-)

-100

-104

-84

-106

C 01.00 (r460,c010)

Articles 36(1) point (k) (ii), 243(1) point (b), 244(1) point (b) and 258 of CRR

A.1.15

(-) Holdings of CET1 capital instruments of financial sector entities where the institiution

0

0

0

0

C 01.00 (r480,c010)

Articles 4(27), 36(1) point (h); 43 to 46, 49 (2) and (3) and 79 of CRR

does not have a significant investment

A.1.16

(-) Deductible DTAs that rely on future profitability and arise from temporary differences

0

0

0

0

C 01.00 (r490,c010)

Articles 36(1) point (c) and 38; Articles 48(1) point (a) and 48(2) of CRR

A.1.17

(-) Holdings of CET1 capital instruments of financial sector entities where the institiution has

0

0

0

0

C 01.00 (r500,c010)

Articles 4(27); 36(1) point (i); 43, 45; 47; 48(1) point (b); 49(1) to (3) and 79 of CRR

a significant investment

A.1.18

(-) Amount exceding the 17.65% threshold

0

0

0

0

C 01.00 (r510,c010)

Article 48 of CRR

A.1.18A

(-) Insufficient coverage for non-performing exposures

-27

C 01.00 (r513,c010)

Article 36(1), point (m) and Article 47c CRR

OWN FUNDS

A.1.18B

(-) Minimum value commitment shortfalls

0

Transitional period

C 01.00 (r514,c010)

Article 36(1), point (n) and Article 132c(2) CRR

A.1.18C

(-) Other foreseeable tax charges

-242

C 01.00 (r515,c010)

Article 36(1), point (l) CRR

A.1.19

(-) Additional deductions of CET1 Capital due to Article 3 CRR

0

0

0

0

C 01.00 (r524,c010)

Article 3 CRR

A.1.20

CET1 capital elements or deductions - other

-327

-232

-232

-40

C 01.00 (r529,c010)

-

A.1.21

Transitional adjustments

2,133

2,129

1,512

1,518

CA1 {1.1.1.6 + 1.1.1.8 + 1.1.1.26}

-

A.1.21.1

Transitional adjustments due to grandfathered CET1 Capital instruments (+/-)

0

0

0

0

C 01.00 (r220,c010)

Articles 483(1) to (3), and 484 to 487 of CRR

A.1.21.2

Transitional adjustments due to additional minority interests (+/-)

0

0

0

0

C 01.00 (r240,c010)

Articles 479 and 480 of CRR

A.1.21.3

Other transitional adjustments to CET1 Capital (+/-)

2,133

2,129

1,512

1,518

C 01.00 (r520,c010)

Articles 469 to 472, 478 and 481 of CRR

A.2

ADDITIONAL TIER 1 CAPITAL (net of deductions and after transitional adjustments)

7,496

7,486

6,220

6,265

C 01.00 (r530,c010)

Article 61 of CRR

A.2.1

Additional Tier 1 Capital instruments

7,496

7,486

6,220

6,265

C 01.00 (r540,c010) + C 01.00 (r670,c010)

A.2.2

(-) Excess deduction from T2 items over T2 capital

0

0

0

0

C 01.00 (r720,c010)

A.2.3

Other Additional Tier 1 Capital components and deductions

0

0

0

0

C 01.00 (r690,c010) + C 01.00 (r700,c010) +

C 01.00 (r710,c010) + C 01.00 (r740,c010) +

C 01.00 (r744,c010) + C 01.00 (r748,c010)

A.2.4

Additional Tier 1 transitional adjustments

0

0

0

0

C 01.00 (r660,c010) + C 01.00 (r680,c010) +

C 01.00 (r730,c010)

A.3

TIER 1 CAPITAL (net of deductions and after transitional adjustments)

57,821

58,556

56,300

55,257

C 01.00 (r015,c010)

Article 25 of CRR

A.4

TIER 2 CAPITAL (net of deductions and after transitional adjustments)

9,276

9,377

9,323

9,519

C 01.00 (r750,c010)

Article 71 of CRR

A.4.1

Tier 2 Capital instruments

9,531

9,632

9,598

9,834

C 01.00 (r760,c010) + C 01.00 (r890,c010)

C 01.00 (r910,c010) + C 01.00 (r920,c010) +

A.4.2

Other Tier 2 Capital components and deductions

618

714

630

596

C 01.00 (r930,c010) + C 01.00 (r940,c010) +

C 01.00 (r950,c010) + C 01.00 (r970,c010) +

C 01.00 (r974,c010) + C 01.00 (r978,c010)

A.4.3

Tier 2 transitional adjustments

-873

-969

-905

-912

C 01.00 (r880,c010) + C 01.00 (r900,c010) +

C 01.00 (r960,c010)

OWN FUNDS

B

TOTAL RISK EXPOSURE AMOUNT

342,251

347,072

336,062

329,748

C 02.00 (r010,c010)

Articles 92(3), 95, 96 and 98 of CRR

REQUIREMENTS

B.1

Of which: Transitional adjustments included

-1,499

-1,447

-1,011

-967

C 05.01 (r010;c040)

C.1

COMMON EQUITY TIER 1 CAPITAL RATIO (transitional period)

14.70%

14.71%

14.90%

14.86%

CA3 {1}

-

CAPITAL RATIOS (%)

C.2

TIER 1 CAPITAL RATIO (transitional period)

16.89%

16.87%

16.75%

16.76%

CA3 {3}

-

Transitional period

C.3

TOTAL CAPITAL RATIO (transitional period)

19.60%

19.57%

19.53%

19.64%

CA3 {5}

-

CET1 Capital

D

COMMON EQUITY TIER 1 CAPITAL (fully loaded)

48,192

48,941

48,568

47,474

[A.1-A.1.13-A.1.21+MIN(A.2+A.1.13-

A.2.2-A.2.4+MIN(A.4+A.2.2-

-

Fully loaded

A.4.3,0),0)]

CET1 RATIO (%)

E

COMMON EQUITY TIER 1 CAPITAL RATIO (fully loaded)

14.02%

14.04%

14.41%

14.35%

[D.1]/[B-B.1]

-

Fully loaded1

F

Adjustments to CET1 due to IFRS 9 transitional arrangements

2,133

2,129

1,512

1,518

C 05.01 (r440,c010)

F

Adjustments to AT1 due to IFRS 9 transitional arrangements

0

0

0

0

C 05.01 (r440,c020)

Memo items

F

Adjustments to T2 due to IFRS 9 transitional arrangements

-873

-969

-905

-912

C 05.01 (r440,c030)

F

Adjustments included in RWAs due to IFRS 9 transitional arrangements

-1,499

-1,447

-1,011

-967

C 05.01 (r440,c040)

(1)The fully loaded CET1 ratio is an estimate calculated based on bank's supervisory reporting. Therefore, any capital instruments that are not eligible from a regulatory point of view at the reporting date are not taken into account in this calculation.

Fully loaded CET1 capital ratio estimation is based on the formulae stated in column "COREP CODE" - please note that this might lead to differences to fully loaded CET1 capital ratios published by the participating banks e.g. in their Pillar 3 disclosure

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Intesa Sanpaolo S.p.A. published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 17:11:02 UTC.


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Intesa Sanpaolo S.p.A. Technical Analysis Chart | ISP | IT0000072618 | MarketScreener
Technical analysis trends INTESA SANPAOLO S.P.A.
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Number of Analysts 26
Last Close Price 2,55 €
Average target price 2,88 €
Spread / Average Target 12,9%
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