Intesa Sanpaolo structured product sales rise in Q1

Intesa Sanpaolo reported a ‘robust’ net income of €1.15 billion in the first quarter of 2020, compared to €872m in Q4 2019 and €1.05 billion in the same quarter last year. With growth in gross income, operating margin, operating income and a reduction in operating cost compared to Q1 2019, the group has built up a pre-tax buffer of around €1.5 billion to tackle the possible impact of Covid-19 for the entire year. The corporate and investment banking division pos