Report

ODDO : Italian banks - Q2 2018 earnings previews

>Mid-year status update on the sector: so far so good … - No material shift expected in the sector trends seen in recent months - the numbers from ABI and Assogestioni for June, together with our recent company contacts (ISP/UCG), confirm:A continuation of the gradual recovery in lending activity (+2.5% yoy in June, stable vs May) both for households and businesses;A good rate of growth in deposits (+6.3% y-o-y in June vs +5.5% in May), alongside further sol...
Underlyings
Intesa Sanpaolo S.p.A.

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.

UniCredit S.p.A.

Provider
Oddo BHF
Oddo BHF

​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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Matthias Desmarais
  • Matthias Desmarais

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