Shareholders' Meeting: statement by CEO Carlo Messina
The Intesa Sanpaolo Shareholders' Meeting was held today.
The Shareholders' Meeting approved the distribution of €1.9 billion from reserves to be paid on 20 October 2021, following the €694 million cash dividends already paid in May 2021, and ahead of a further distribution of €1.4 billion to be paid as an interim dividend on 24 November 2021, bringing to €4 billion the total amount of dividends distributed in 2021.
With planned lending of over €410 billion between now and 2026 to support the National Recovery and Resilience Plan (NRRP), Intesa Sanpaolo affirms its role as the engine of sustainable and inclusive growth in Italy.
Following the resolutions passed today at the Intesa Sanpaolo Shareholders' Meeting, CEO Carlo Messina stated:
“The decisions taken today by our shareholders will allow the distribution of €1.9 billion from reserves to be paid on 20 October 2021, which adds to the more than €694 million cash dividends already paid in May 2021. We also expect a further distribution of €1.4 billion to be paid as an interim dividend on 24 November 2021.
“Our ability to significantly remunerate shareholders is thanks to our high profitability, combined with remarkable capital solidity, well above regulatory requirements.
“Some €1.5 billion of the total €4 billion in dividends distributed in 2021 directly benefit families and individuals as well as the banking foundations that make up part of our shareholder base, sustaining their inclusive actions for local communities, their social and cultural initiatives, and people in difficulty. Added to this is the indirect benefit for the real economy deriving from the fact that most of our institutional shareholders, who benefit from dividends, manage the savings of families and individuals.
“Intesa Sanpaolo is the engine of sustainable and inclusive growth in Italy, a role that we will once again affirm in February with the presentation of the 2022-2025 Business Plan.
“We will use the strength of the Bank to support this phase in which the country is moving decisively in the right direction, showing higher-than-expected growth rates. To support the National Recovery and Resilience Plan (NRRP), we will provide medium- and long-term lending of over €410 billion between now and 2026, in order to channel private investments and accelerate the ecological transition, digitalization, infrastructure projects, strengthen the health system, and promote research and social cohesion.”
Last updated 14 October 2021 at 14:20:48