ODDO : Bank of Italy statistics – July 2018: so far so good!
>Banking activity: recovery in lending confirmed - According to Bank of Italy data published at end-July, loans (adjusted for securitisation) to the private sector were up +2.6% y-o-y, thereby confirming the pick-up in activity since the start of the year (+2.6% y-o-y on average over 6 months) and the positive trend since H2 2017 (to recap: +1.8% y-o-y at end-December 2017) against the backdrop of the economic recovery and improved household and business confidence i...Intesa Sanpaolo is a commercial bank. Co. is engaged in lending and deposit collection operations in Italy and associated financial services, serving Households, Personal, Small Business, Private and Small and Medium Enterprise customers. Co. provides medium-term credit, leasing, factoring and agribusiness (Mediocredito Italiano), consumer credit (Intesa Sanpaolo Personal Finance), management of electronic payments (Setefi), and trust services (Sirefid). Co. has approximately 4,300 branches, including Retail and Business branches, distributed broadly throughout Italy. At Dec 31 2014, Co. had total assets of Euro646.43 billion.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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