BR100 Decreased By (-0.83%)
BR30 Decreased By (-1.36%)
KSE100 Decreased By (-0.81%)
KSE30 Decreased By (-0.79%)
BECO 5.58 Decreased By ▼ -0.05 (-0.89%)
BML 58.48 Decreased By ▼ -1.04 (-1.75%)
BOP 35.55 Decreased By ▼ -0.50 (-1.39%)
CNERGY 8.27 Decreased By ▼ -0.17 (-2.01%)
DCL 11.64 Decreased By ▼ -0.28 (-2.35%)
FCCL 57.32 Decreased By ▼ -0.75 (-1.29%)
FCSC 5.40 Decreased By ▼ -0.13 (-2.35%)
FFL 18.22 Decreased By ▼ -0.15 (-0.82%)
FNEL 1.31 Decreased By ▼ -0.01 (-0.76%)
HUMNL 11.20 Decreased By ▼ -0.30 (-2.61%)
KEL 8.24 Decreased By ▼ -0.20 (-2.37%)
KOSM 7.10 Increased By ▲ 0.12 (1.72%)
MLCF 101.15 Decreased By ▼ -1.32 (-1.29%)
NBP 204.60 Decreased By ▼ -2.87 (-1.38%)
PACE 11.30 Decreased By ▼ -0.27 (-2.33%)
PAEL 43.06 Decreased By ▼ -0.67 (-1.53%)
PIAHCLA 26.60 Decreased By ▼ -0.47 (-1.74%)
PIBTL 18.11 Decreased By ▼ -0.11 (-0.6%)
PPL 246.20 Decreased By ▼ -2.86 (-1.15%)
PRL 36.15 Decreased By ▼ -0.49 (-1.34%)
PTC 66.30 Decreased By ▼ -0.72 (-1.07%)
SEARL 95.20 Decreased By ▼ -0.72 (-0.75%)
SSGC 31.95 Increased By ▲ 1.32 (4.31%)
TELE 9.08 Decreased By ▼ -0.24 (-2.58%)
THCCL 67.74 Decreased By ▼ -1.51 (-2.18%)
TPLP 10.75 Decreased By ▼ -0.29 (-2.63%)
TREET 26.05 Decreased By ▼ -0.55 (-2.07%)
TRG 69.40 Decreased By ▼ -0.44 (-0.63%)
WAVES 11.29 Increased By ▲ 0.02 (0.18%)
WTL 1.31 No Change ▼ 0.00 (0%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Topic

Intesa Sanpaolo

Gold ticks up; spotlight on Fed meet

Gold ticks up; spotlight on Fed meet

Published 18 Jun, 2026 05:37am
NEW YORK: Gold prices edged higher on Wednesday as investors awaited the US central bank’s first policy decision...
Intesa signs MOU to buy insurer Cargeas for 390mn euros

Intesa signs MOU to buy insurer Cargeas for 390mn euros

Published 08 Feb, 2021 09:40pm
  • Cargeas had an accord to distribute its products through UBI Banca, Italy's fifth-largest bank which was taken over last year by Intesa.
  • The final accord is expected to be signed by the end of the month while the closing of the deal is due in the first half.
Intesa posts 3bn euro Q4 loss on clean-up, UBI deal costs

Intesa posts 3bn euro Q4 loss on clean-up, UBI deal costs

Updated 05 Feb, 2021 05:17pm
  • Intesa Sanpaolo last year snatched the healthiest among Italy's second-tier banks following a strenuous takeover battle, reaping a multi-billion paper profit thanks to discounted market valuations for banks.
Italy's Intesa hits 2020 profit goal early, before UBI boost

Italy's Intesa hits 2020 profit goal early, before UBI boost

Published 04 Nov, 2020 07:21pm
  • In the first nine months, net profit totalled 3.1 billion euros ($3.6 billion), just ahead of the target set for the whole year.
  • It said it would use the earnings boost to cover integration costs in the current quarter as it creates Italy's biggest banking group.
Intesa CEO rules out interest in eastern European assets

Intesa CEO rules out interest in eastern European assets

Published 04 Aug, 2020 11:35pm
  • Intesa overcame regulatory hurdles and shareholder and management opposition to finally secure control of UBI last week in a deal.
  • "We've overtaken Santander in terms of terms of market capitalisation ... that's something we're proud of," he said.
Intesa snaps up UBI with 90pc shareholder backing

Intesa snaps up UBI with 90pc shareholder backing

Published 31 Jul, 2020 01:39am
  • "It's a chess game and this first important move will have consequences for the entire sector."
  • Intesa has said the deal will prepare the new group, Italy's biggest with around 950 billion euros in assets, to play a bigger role in Europe.
Intesa eyes integration, growth after UBI bid succeeds

Intesa eyes integration, growth after UBI bid succeeds

Published 28 Jul, 2020 11:52pm
  • With two days to run before the deadline for a cash-and-shares bid valuing UBI at some 4.1 billion euros ($4.8 billion).
  • Intesa has committed to selling 532 branches of the combined group, including 31 of its own branches.
Intesa says sticks to profit goal in UBI deal even if unable to merge

Intesa says sticks to profit goal in UBI deal even if unable to merge

Published 26 Jun, 2020 08:32pm
  • Intesa published details of its all-paper bid for UBI on Friday, following a green light from market regulator Consob.
  • Intesa warned that it may not be able to incorporate UBI if take-up is below a 66.67% threshold which guarantees control of extraordinary shareholder resolutions.
Intesa gets ECB nod for UBI takeover, waives COVID-19 clause

Intesa gets ECB nod for UBI takeover, waives COVID-19 clause

Published 06 Jun, 2020 02:26am
  • ECB clears Intesa acquiring 50% of UBI plus one share.
  • COVID-19 impact not among conditions for bid to be valid.
  • Intesa plans to launch all-paper exchange offer for UBI.
  • Merger to lead to higher loan loss provisions, cost cuts.
Loading...