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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Intesa Sanpaolo SpA    ISP   IT0000072618

INTESA SANPAOLO SPA

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Intesa Sanpaolo for Bergamo: construction of the Alpini field hospital

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03/24/2020 | 05:18am EDT

PRESS RELEASE

INTESA SANPAOLO FOR BERGAMO:

CONSTRUCTION OF THE ALPINI FIELD HOSPITAL

  • Intesa Sanpaolo donates €350,000 to the Fondazione ANA Onlus to accelerate the construction of a field hospital by the National Association of the Alpini
  • Intesa Sanpaolo also launches a crowdfunding campaign to collect additional donations for the field hospital on forfunding.it, the Bank's fundraising platform
  • Today's initiative is in addition to the €100 million donated to the Department of Civil Protection to support the national healthcare system

Turin/Milan, 24 March 2020 - Intesa Sanpaolo contributes to the construction of a field hospital by the National Association of the Alpini on the grounds of the Bergamo Fair with a donation of €350,000, to purchase ventilators, x-ray systems, laboratory analysis equipment, monitors, aspirators, oxygen producers and other essential healthcare supplies.

This contribution for the construction of the field hospital in Bergamo may be increased by an additional €100,000, also thanks to the launch of a fundraising campaign through April 6 dedicated to this specific project and already active on the forfunding.it website, Intesa Sanpaolo's crowdfunding platform open to all.

This initiative by Intesa Sanpaolo to support the community of Bergamo is in addition to the €100 million euros already committed to the Department of Civil Protection, which will soon reach the most affected areas throughout Italy, including Lombardy.

Carlo Messina, CEO of Intesa Sanpaolo stated:

"We remain close to the communities of Bergamo with this concrete commitment, which will provide much-needed tools and supplies to ensure this structure is fully and quickly brought online by the ANA Onlus Foundation. At a time of such need, Intesa Sanpaolo wants to show its direct support for Bergamo and make a contribution that allows us to face and overcome this emergency together".

Sebastiano Favero, National President of ANA and ANA ONLUS stated:

"Our Alpini, as in the past, remain ready to go to the frontline to help those in need. In this particularly critical moment, our field hospital and the emergency care teams play an important part in our effort to support the people of Bergamo, bringing not only the commitment and professionalism of our men and women, but an absolute dedication to a common cause. Strengthened by our history, once again we will be able to defeat the enemy."

About Intesa Sanpaolo

Intesa Sanpaolo is one of the most solid and profitable banks in Europe, providing wealth management, consumer banking, corporate and investment banking, asset management and insurance. As the market leader in Italy, Intesa Sanpaolo serves nearly 12 million customers through digital and traditional channels. The Group's international subsidiary banks provide for an additional 7.2 million customers in Central Eastern Europe, the Middle East and North Africa. Intesa Sanpaolo is recognized as one of the most sustainable banks in the world.

The Group believes that value creation should be interpreted broadly, supporting social purpose and driving the real economy. As part of its commitment to sustainable growth, Intesa Sanpaolo has created a €5 billion financing facility dedicated to the circular economy. The Group's large-scale project for economic inclusion and poverty alleviation includes a Fund for Impact to provide €1.2 billion in loans to those parts of society that find access to credit difficult. Intesa Sanpaolo is deeply committed to cultural initiatives that it promotes on its own and together with partners in Italy and abroad, including permanent and temporary exhibits of the vast artistic patrimony at the Gallerie d'Italia, the Group's three museums located in Milan, Naples and Vicenza.

Additional information may be found at group.intesasanpaolo.com | News: www.intesasanpaolo.com/it/news.html | Twitter:

@intesasanpaolo | Facebook: @intesasanpaolo | LinkedIn: www.linkedin.com/company/intesa-sanpaolo | Instagram: @intesasanpaolo

Disclaimer

Intesa Sanpaolo S.p.A. published this content on 24 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2020 10:17:05 UTC

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Financials (EUR)
Sales 2020 17 216 M
EBIT 2020 8 107 M
Net income 2020 3 342 M
Debt 2020 -
Yield 2020 10,1%
P/E ratio 2020 7,88x
P/E ratio 2021 8,46x
Capi. / Sales2020 1,47x
Capi. / Sales2021 1,46x
Capitalization 25 256 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 1,84 €
Last Close Price 1,44 €
Spread / Highest target 101%
Spread / Average Target 27,6%
Spread / Lowest Target -26,3%
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NameTitle
Carlo Messina Chief Executive Officer, MD & Director
Gian Maria Gros-Pietro Chairman
Paola Angeletti Chief Operating Officer
Stefano del Punta Chief Financial Officer
Massimo Proverbio Chief IT, Digital & Innovation Officer
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