Net profit totals EUR 3 billion - Intesa Sanpaolo generates the best result since 2007

(Photo: bancaintesa.rs)

Profit before taxation increased by 40,9 % to EUR 4,59 billion in 2015 compared to previous year, i.e. by 56,7% when costs for payments into fund for rehabilitation and deposit insurance program are excluded.

Operational margin last year also increased by 1,4% to EUR 8,33 billion.

According to announcement of the bank, last year reserved assets decreased which results in better credit portfolio. Namely, reservations for potential loan losses totaled EUR 3,3 billion which is a decrease of 27,6 percent compared to 2014 and is the lowest amount since 2010.