ODDO : BoI statistics – May 2018: ongoing favourable trends (volumes/NPL)
>Credit business: gradual recovery confirmed - According to end-May data reported by the Bank of Italy, private sector loans (adjusted for securitisation) rose +2.5% yoy, showing slight deceleration after a strong April (+3.0% yoy). However, they confirm the gradual recovery in the business since H2 17 (+1.8% yoy at end-December 2017) in the wake of the economic recovery in Italy which justifies our positive rating on the Italian banks.Italian consumer loans clim...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.