News
06 May 2022

Intesa Sanpaolo cuts 2022 profit goal after Russia hit

Region:
Europe

Intesa Sanpaolo cut its profit guidance for the year after setting aside €800 million ($847 million) to cover potential losses from its exposure to Russia.The Italian lender, which according to TXF data is the most active western ECA bank to the Russia CIS region, joins peers including rival...

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