Intesa Sanpaolo: consolidated results for the first quarter 2019

The first qarter (Q1) 2019 results reflect the group’s sustainable profitability which derives from a solid capital base and strong liquidity position, and from the business model. the group’s business model is both resilient and well diversified, with wealth management & protection being the focus, financial activities providing natural hedging against the impact of market volatility on fee-based revenues, strategic flexibility in managing operating costs, and effective proactive credit management.

Q1 2019 results show that the group is firmly on track to deliver on its targets. they also highlight the continued support provided by the group to the economy in the countries in which it operates, and specifically in italy where, moreover, it is committed to becoming a
reference model in terms of social and cultural responsibility. Q1 2019 net income was €1,050 million.

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