Announcements

    Drinks

      New analysis on Intesa
      MONDAY, 16/04/2018 - Scope Ratings GmbH
      Download PDF

      New analysis on Intesa

      Scope Ratings has updated its rating report on Intesa, rated A with Stable Outlook.

      The ratings are driven by Intesa’s strong capital position and resilient profitability despite the challenging operating environment in Italy, where 81% of the loan portfolio is based. The group has been the leading retail and commercial bank in Italy since the merger of Intesa BCI and San Paolo IMI in 2007. Group earnings and asset quality have suffered from the weak domestic economic environment in the past, but pre-provision profitability has been resilient, and the group has remained profitable if we exclude large write-downs of goodwill in 2011 and 2013.

      Although it has operations in Central and Eastern Europe, Intesa’s primarily domestic-based operations, combined with significant holdings in Italian sovereign debt, mean it is particularly exposed to market confidence in Italian banks and Italy in general.

      Download updated report on Intesa.
       

      Related news

      Show all
      Scope affirms SpareBank 1 Nordmore’s A- issuer rating with Stable Outlook

      30/10/2025 Rating announcement

      Scope affirms SpareBank 1 Nordmore’s A- issuer rating with ...

      Scope affirms BBVA’s A+ issuer rating with Stable Outlook

      29/10/2025 Rating announcement

      Scope affirms BBVA’s A+ issuer rating with Stable Outlook

      Scope affirms Landkreditt Boligkreditt’s Norwegian covered bond rating at AAA, Stable Outlook

      28/10/2025 Rating announcement

      Scope affirms Landkreditt Boligkreditt’s Norwegian covered ...

      Climate-change risk framework: introducing issuer-specific Key Climate Risk Indicators

      28/10/2025 Research

      Climate-change risk framework: introducing issuer-specific ...

      French banks quarterly: political vulnerabilities cloud uncertain year-end

      24/10/2025 Research

      French banks quarterly: political vulnerabilities cloud ...

      Updated rating report on BN Bank ASA

      21/10/2025 Monitoring note

      Updated rating report on BN Bank ASA