Italy's biggest bank Intesa Sanpaolo beat estimates and closed the first nine months of the year with a net profit of €7.6 billion, up 5.9% compared to €7.2 billion in the same period last year.
Net profit in the third quarter rose to €2.4 billion, compared to €2.6 billion in the second quarter of 2025 and €2.4 billion in the third quarter of 2024.
Intesa Sanpaolo's 2022-2025 business plan is nearing completion, with a net profit forecast for 2025 of well over €9 billion, including management actions in the fourth quarter to further strengthen the future sustainability of the group's results.
For the year, the banking group expects revenue growth, managed through an integrated approach, with: resilience in net interest income expected in 2025, well above 2023 levels, and an increase in 2026, thanks to the increased contribution from hedging on demand items; increased net fee and commission income and insurance income, based on the group's leadership in Wealth Management, Protection & Advisory; strong growth in trading profits; declining operating costs; and a low cost of risk, with: a low stock of non-performing loans; a high-quality loan portfolio; and proactive credit management.
lower taxes and other charges relating to the banking and insurance system, as there are no longer contributions to the deposit guarantee fund.
