Intesa Sanpaolo (OTCPK:IITSF)
$ 3.915 0.07 (1.82%) Market Cap: 69.89 Bil Enterprise Value: 128.68 Bil PE Ratio: 7.33 PB Ratio: 0.98 GF Score: 69/100
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Q3 2022 Intesa Sanpaolo SpA Earnings Call Transcript

Nov 04, 2022 / 02:00PM GMT
Release Date Price: $2.02 (+5.76%)
Operator

Good afternoon, ladies and gentlemen, and welcome to the conference call of Intesa Sanpaolo for the presentation of the Third Quarter 2022 Results hosted today by Mr. Carlo Messina, Chief Executive Officer. My name is Raji Aslett, and I will be your coordinator for today's conference. (Operator Instructions)

I'll remind you that today's conference is being recorded. At this time, I would like to hand over the call to Mr. Carlo Messina, CEO. Sir, you may begin.

Carlo Messina
Intesa Sanpaolo S.p.A. - MD, CEO, GM & Executive Director

Thank you. Welcome to our 9-month results conference call. This is Carlo Messina, Chief Executive Officer; and with me are Mr. Stefano Del Punta, CFO; and Marco Delfrate and Andrea Tamagnini, Investor Relations Officer.

Today, I'm going to walk you through a high-quality set of results. Let me start by saying that in Q3, we delivered a 65% reduction of our exposure to Russia that now is just 0.3% of group exposure loans. We can already be considered a zero Russia exposure bank, and we will continue to work to

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