Intesa Sanpaolo 9M16 Results 2016 - Strong Bank Delivering Growth

Intesa Sanpaolo reported €2.3 billion net income for the first nine months of 2016, with a Common Equity ratio of 13.0% well above regulatory requirements. The bank achieved a cost-to-income ratio of 49.9% and significantly reduced non-performing loans by €5 billion year-over-year while increasing NPL coverage.