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Full year 2022 results are the best-ever<\/strong>\u00a0in Intesa Sanpaolo’s history, marked by a fourth quarter that was the best quarter ever for revenues – up 13% over the previous year – with a strong acceleration of net interest income.<\/p>\n Intesa Sanpaolo exceeded its Business Plan commitments<\/strong>\u00a0for 2022 by achieving Net Income of \u20ac5.5 billion (excluding Russia de-risking) despite the complex macro-economic environment.<\/p>\n Rewarding shareholders remains a priority<\/strong>\u00a0for Intesa Sanpaolo, which will distribute \u20ac3 billion in cash dividends for 2022, maintaining its commitment to a 70% payout ratio. The bank will also launch the second tranche of share buyback for \u20ac1.7 billion, bringing the total distribution of additional capital to \u20ac3.4 billion.<\/p>\n A Wealth Management, Protection & Advisory leader<\/strong>,\u00a0<\/strong>Intesa Sanpaolo has more than \u20ac1.2 trillion in customer financial assets to fuel its wealth management engine and drive net interest income growth; during the fourth quarter, customer financial assets increased by \u20ac26 billion.<\/p>\n Benefits for all stakeholders<\/strong>\u00a0from the solid operating performance achieved in 2022:<\/p>\n All the industrial initiatives<\/strong>\u00a0in the Business Plan have been launched and many of them – about 70% – ahead of schedule.<\/p>\n Including the launch in 2023 of Isybank,<\/strong>\u00a0Intesa Sanpaolo’s digital bank designed to serve about 4 million existing clients who already choose not to use branches.<\/p>\n Intesa Sanpaolo is a Zero-Russia exposure bank,<\/strong>\u00a0with a nearly 70% reduction in exposure (-\u20ac2.5 billion) in the second half of the year alone, falling to below 0.3% of the Group’s loans to customers.<\/p>\n We are among the best banks in Europe for NPL stock and ratio,<\/strong>\u00a0also thanks to a \u20ac4.6 billion reduction in gross NPLs in 2022.<\/p>\n Looking ahead to 2025<\/strong>, the final year of the Business Plan, the forecast is for Intesa Sanpaolo to comfortably exceed the \u20ac6.5 billion Net income target, thanks to the resilience of its business model.<\/p>\n Following are the highlights of the results delivered in 2022:<\/p>\n\n