(AGENPARL) – ven 28 luglio 2023 COMUNICATO STAMPA
INTESA SANPAOLO: RISULTATI DEL 2023 EU-WIDE STRESS TEST
Torino, Milano, 28 luglio 2023 – Intesa Sanpaolo è stata sottoposta al 2023 EU-wide stress test
condotto dall’Autorità Bancaria Europea (EBA), in collaborazione con il Meccanismo di
Vigilanza Unico (MVU), la Banca d’Italia, la Banca Centrale Europea (BCE) e il Comitato
Europeo per il Rischio Sistemico (CERS).
Lo scenario dello stress test copre un orizzonte temporale di tre anni (2023-2025). Lo stress test
è stato condotto in base a un’ipotesi di bilancio statico al dicembre 2022 e, quindi, non considera
strategie aziendali e iniziative gestionali future. Non rappresenta una previsione della redditività
di Intesa Sanpaolo.
Il coefficiente patrimoniale Common Equity Tier 1 ratio (CET1 ratio) fully loaded risultante
dallo stress test per Intesa Sanpaolo è pari a:
Scenario base
Scenario avverso
14,02%
10,36%
14,47%
10,78%
14,85%
10,85%
rispetto al dato di partenza, registrato al 31 dicembre 2022, pari a 13,53%.
I risultati dello stress test evidenziano la capacità di Intesa Sanpaolo di confermare la propria
solidità anche in scenari complessi, grazie al modello di business ben diversificato e resiliente.
Investor Relations
Media Relations
group.intesasanpaolo.com
2023 EU-wide Stress Test
Bank Name
LEI Code
Country Code
Intesa Sanpaolo S.p.A.
2W8N8UU78PMDQKZENC08
2023 EU-wide Stress Test: Summary
Intesa Sanpaolo S.p.A.
(mln EUR, %)
Net interest income
Gains or losses on financial assets and liabilities held for trading and trading financial assets
and trading financial liabilities
Impairment or (-) reversal of impairment on financial assets not measured at fair value
through profit or loss
Profit or (-) loss for the year
Baseline Scenario
Adverse Scenario
Actual
31/12/2022
31/12/2023
31/12/2024
31/12/2025
31/12/2023
31/12/2024
31/12/2025
9,585
11,335
12,180
11,731
8,560
9,514
9,466
1,502
-1,138
-2,703
-1,332
-1,107
-4,413
-2,914
-2,825
4,379
6,693
6,698
6,412
-1,409
1,553
1,700
Coverage ratio: non-performing exposure (%)
Common Equity Tier 1 capital
51.77%
46.41%
42.95%
40.92%
49.30%
45.26%
42.65%
40,772
41,577
43,097
44,449
31,337
33,232
34,540
Total Risk exposure amount (all transitional adjustments included)
295,443
296,548
297,851
299,332
302,623
308,235
318,405
Common Equity Tier 1 ratio, %
13.80%
14.02%
14.47%
14.85%
10.36%
10.78%
10.85%
Fully loaded Common Equity Tier 1 ratio, %
Tier 1 capital
13.53%
14.02%
14.47%
14.85%
10.36%
10.78%
10.85%
47,979
48,784
50,304
51,656
38,544
40,439
41,747
Total leverage ratio exposures
855,282
855,282
855,282
855,282
855,282
855,282
855,282
Leverage ratio, %
5.61%
5.70%
5.88%
6.04%
4.51%
4.73%
4.88%
Fully loaded leverage ratio, %
Memorandum item related to the application of IFRS-17 for banks with
insurance subsidiaries or participations: Fully loaded Common Equity Tier 1 ratio
– With application of IFRS-17, %
5.53%
5.71%
5.89%
6.04%
4.51%
4.73%
4.88%
IFRS 9 transitional arrangements?
13.42%
Yes (static only)
2023 EU-wide Stress Test: Credit risk IRB
Intesa Sanpaolo S.p.A.
Stage 1
exposure
Stage 2
exposure
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Actual
31/12/2022*
Exposure values
Risk exposure amounts
A-IRB
Non-defaulted
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Defaulted
(mln EUR, %)
Intesa Sanpaolo S.p.A.
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
29,969
164,091
12,650
33,751
154,432
121,385
5,088
116,297
32,951
11,633
21,318
8,755
7,306
3,404
3,845
1,990
1,603
1,844
1,083
357,246
11,541
1,746
1,746
15,747
85,142
7,662
20,543
30,613
21,418
1,309
20,109
9,180
2,745
6,435
28,776
2,033
1,331
160,278
3,777
1,382
1,382
19,865
140,943
10,358
28,837
145,075
115,111
4,337
110,774
29,880
10,634
19,246
5,611
1,766
19,313
1,997
5,178
9,332
6,274
5,523
3,046
2,072
5,444
2,724
3,110
1,509
1,189
1,591
1,104
0 0 197
2,923
1,523
1,516
1,068
59.21%
53.69%
58.79%
55.89%
48.74%
29.02%
30.59%
28.60%
95.58%
67.13%
69.58%
65.51%
0.00%
311,493
30,411
8,911
1,640
0 4,636
52.02%
Actual
31/12/2022*
Exposure values
Risk exposure amounts
A-IRB
Non-defaulted
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
ITALY
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
16,650
104,754
6,774
31,629
142,704
111,305
5,071
106,234
31,398
11,279
20,119
7,418
6,545
3,347
3,617
1,911
1,525
1,705
271,526
10,499
8,109
54,813
3,224
19,160
28,246
19,948
1,298
18,651
8,298
2,548
5,750
25,555
1,709
1,050
116,723
3,121
12,780
91,053
5,423
26,630
134,064
105,414
4,326
101,088
28,650
10,400
18,250
5,521
1,625
11,505
1,200
4,819
8,614
5,891
5,146
2,723
1,869
4,701
2,660
2,884
1,431
1,113
1,453
0 0 180
2,476
1,483
1,368
0 959
243,419
21,745
7,890
1,220
0 4,024
64.42%
52.66%
53.82%
55.75%
47.42%
28.56%
30.47%
28.01%
65.99%
69.66%
63.29%
0.00%
51.00%
Actual
31/12/2022*
Exposure values
Risk exposure amounts
A-IRB
Non-defaulted
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
4,545
1,042
1,923
10,810
9,208
9,192
1,506
1,152
15,361
3,085
1,239
2,085
1,205
1,193
5,184
4,286
1,007
1,858
10,154
8,882
8,871
1,189
14,447
1,184
55.79%
0.04%
60.39%
66.83%
39.00%
80.39%
38.54%
95.59%
79.15%
66.46%
80.79%
0 181
64.28%
Actual
31/12/2022*
Exposure values
A-IRB
Non-defaulted
Risk exposure amounts
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
9,523
10,537
3,945
4,690
7,049
1,756
7,713
1,759
62.20%
100.00%
40.31%
35.36%
35.36%
57.92%
57.92%
61.85%
2023 EU-wide Stress Test: Credit risk IRB
Intesa Sanpaolo S.p.A.
Actual
31/12/2022*
Exposure values
Risk exposure amounts
A-IRB
Non-defaulted
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
86.10%
67.37%
67.37%
99.58%
65.95%
69.44%
Actual
31/12/2022*
Exposure values
Risk exposure amounts
A-IRB
Non-defaulted
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
2,109
3,331
5,531
1,537
2,512
2,981
3,824
38.54%
52.10%
26.84%
26.84%
84.25%
84.25%
38.66%
Actual
31/12/2022*
Exposure values
Risk exposure amounts
A-IRB
Non-defaulted
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
5,215
5,746
2,496
2,775
4,367
4,872
54.44%
54.44%
54.44%
54.44%
Actual
31/12/2022*
Exposure values
A-IRB
Non-defaulted
Risk exposure amounts
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
5,054
5,423
2,216
2,505
4,526
4,668
92.52%
35.65%
1.13%
1.13%
51.17%
51.17%
87.82%
2023 EU-wide Stress Test: Credit risk IRB
Intesa Sanpaolo S.p.A.
Actual
31/12/2022*
Exposure values
A-IRB
Non-defaulted
Risk exposure amounts
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
71.17%
25.15%
25.15%
100.00%
83.29%
83.29%
71.17%
Actual
31/12/2022*
Exposure values
A-IRB
Non-defaulted
Risk exposure amounts
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
79.61%
66.07%
66.07%
80.94%
96.55%
78.75%
79.61%
Actual
31/12/2022*
Exposure values
A-IRB
Non-defaulted
Risk exposure amounts
F-IRB
Defaulted
Non-defaulted
A-IRB
Defaulted
Non-defaulted
F-IRB
Defaulted
Non-defaulted
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Defaulted
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
2,475
5,197
7,908
* Stage 1, 2, and 3 exposures as well as related provisions already reflect the restated distribution across IFRS 9 stages as of 1 January 2023 as per Methodological Note.
3,077
3,866
3,458
1,159
3,823
1,173
28.56%
0.00%
54.43%
53.87%
53.87%
62.49%
96.72%
62.18%
49.38%
2023 EU-wide Stress Test: Credit risk IRB
Intesa Sanpaolo S.p.A.
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
Intesa Sanpaolo S.p.A.
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
17,195
135,453
9,394
29,023
147,157
116,940
4,811
112,129
30,133
10,710
19,424
5,600
4,293
22,759
2,422
4,414
6,306
3,858
3,679
2,436
1,680
7,487
1,056
3,303
4,053
2,095
1,678
1,947
1,172
0 0 225
3,597
1,727
1,737
1,192
47.42%
48.04%
43.92%
52.28%
42.85%
25.51%
26.92%
25.16%
91.69%
61.23%
62.13%
60.63%
29.79%
17,015
134,007
8,715
28,691
146,495
116,475
4,759
111,716
29,936
10,618
19,319
5,590
4,307
22,276
2,580
4,206
6,108
3,773
3,619
2,324
1,592
9,417
1,578
3,843
4,914
2,645
2,151
2,257
1,365
0 0 254
4,218
1,913
1,915
1,299
39.58%
44.80%
38.83%
49.78%
38.97%
22.89%
25.00%
22.40%
87.23%
57.56%
57.64%
57.51%
23.85%
16,848
132,186
8,174
28,388
145,973
116,083
4,718
111,365
29,807
10,556
19,251
5,579
4,332
22,419
2,668
4,034
5,865
3,665
3,530
2,189
1,492
11,095
2,030
4,318
5,678
3,145
2,591
2,521
1,533
0 0 277
4,754
2,077
2,072
1,392
35.38%
42.85%
36.45%
48.09%
36.49%
21.28%
23.86%
20.72%
83.41%
55.23%
54.79%
55.52%
19.95%
305,405
33,361
12,049
0 5,569
46.22%
303,106
32,694
15,014
1,104
0 6,397
42.61%
300,586
32,621
17,607
1,063
0 7,113
40.40%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
ITALY
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
10,255
90,344
4,711
26,863
136,292
107,286
4,800
102,487
29,005
10,501
18,504
5,511
4,042
10,716
1,556
4,022
5,526
3,466
3,291
2,060
1,439
6,200
3,224
3,746
1,984
1,569
1,761
1,012
0 0 197
2,946
1,678
1,536
1,054
50.56%
47.52%
42.17%
52.04%
41.02%
24.33%
26.84%
23.66%
40.20%
59.82%
62.08%
58.14%
29.77%
10,071
89,177
4,337
26,536
135,733
106,861
4,748
102,113
28,872
10,425
18,447
5,500
4,081
10,482
1,576
3,822
5,310
3,376
3,226
1,935
1,345
7,600
1,074
3,751
4,519
2,500
2,008
2,020
1,163
0 0 218
3,385
1,860
1,683
1,133
40.79%
44.53%
38.23%
49.58%
37.24%
22.01%
24.95%
21.29%
40.20%
56.09%
57.61%
54.96%
23.81%
9,892
88,284
4,051
26,253
135,296
106,504
4,707
101,797
28,792
10,375
18,417
5,490
4,132
10,170
1,565
3,645
5,071
3,268
3,137
1,803
1,249
8,806
1,373
4,211
5,196
2,965
2,413
2,231
1,289
0 0 236
3,761
2,018
1,808
1,198
35.71%
42.71%
36.47%
47.91%
34.80%
20.59%
23.81%
19.85%
40.20%
53.68%
54.76%
52.89%
19.89%
242,401
20,285
10,368
0 4,689
45.23%
240,481
19,877
12,696
0 5,295
41.71%
238,961
19,378
14,715
0 5,815
39.52%
Baseline Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
4,109
1,826
10,006
8,835
8,824
1,088
0 0 0
20.61%
59.10%
59.87%
60.54%
67.19%
50.39%
49.08%
50.41%
91.81%
74.71%
63.51%
76.53%
40.00%
4,017
1,811
9,904
8,797
8,786
1,024
0 0 0
20.61%
53.58%
49.84%
56.39%
60.85%
41.13%
39.42%
41.16%
87.40%
70.21%
58.31%
72.33%
40.00%
3,958
1,801
9,821
8,764
8,753
0 0 0
20.61%
49.67%
44.24%
53.15%
56.70%
35.20%
34.66%
35.21%
83.61%
67.28%
55.31%
69.54%
40.00%
14,121
1,416
0 245
65.39%
13,927
1,509
0 282
59.27%
13,785
1,549
0 319
55.19%
Baseline Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
5,797
2,955
6,458
2,961
49.58%
40.00%
5,811
2,871
39.69%
6,470
2,879
32.96%
39.94%
16.66%
27.56%
23.28%
20.07%
20.07%
40.19%
49.58%
44.27%
40.00%
5,594
3,023
35.47%
6,251
3,031
32.63%
35.66%
16.58%
29.44%
19.73%
17.42%
17.42%
40.19%
44.27%
32.44%
34.20%
16.49%
30.90%
18.25%
16.37%
16.37%
40.19%
41.11%
41.11%
40.00%
34.03%
2023 EU-wide Stress Test: Credit risk IRB
Intesa Sanpaolo S.p.A.
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
18.76%
15.57%
15.00%
58.09%
10.60%
10.60%
40.14%
63.24%
58.73%
63.93%
16.13%
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
19.05%
15.77%
15.00%
50.37%
10.57%
10.57%
40.14%
59.68%
51.98%
61.71%
16.06%
Baseline Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
19.15%
15.89%
15.00%
45.32%
10.41%
10.41%
40.14%
57.31%
49.91%
59.84%
16.10%
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
2,865
0 0 0
3,718
19.59%
40.21%
78.46%
40.36%
78.46%
60.48%
2,841
0 0 0
35.26%
3,688
24.14%
35.28%
20.28%
26.30%
38.26%
19.59%
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
0 0 0
32.93%
3,665
Baseline Scenario
31/12/2024
31/12/2023
Stage 1
exposure
17.28%
40.21%
75.11%
40.36%
75.11%
60.48%
2,820
24.21%
33.01%
19.26%
26.76%
32.12%
17.28%
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
24.29%
31.65%
18.91%
27.13%
28.83%
16.23%
16.23%
40.21%
72.84%
40.36%
72.84%
60.48%
31.55%
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
4,630
5,127
23.43%
32.08%
16.11%
30.53%
15.84%
14.83%
14.83%
34.10%
34.10%
31.76%
4,635
5,132
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
23.40%
31.84%
16.06%
31.07%
15.15%
14.37%
14.37%
28.57%
28.57%
31.51%
4,638
5,134
Baseline Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
23.37%
31.69%
16.05%
31.31%
14.81%
14.10%
14.10%
26.23%
26.23%
31.34%
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
4,677
0 0 0
4,819
8.74%
40.04%
45.05%
23.50%
45.23%
60.48%
4,620
0 0 0
28.04%
4,762
31.88%
28.04%
15.71%
39.52%
23.42%
8.74%
10.16%
40.04%
41.89%
23.50%
42.08%
60.48%
4,584
0 0 0
26.44%
4,726
31.92%
26.44%
15.65%
39.51%
19.62%
10.16%
31.91%
25.75%
15.63%
39.52%
18.06%
10.76%
10.76%
40.04%
40.12%
23.50%
40.30%
60.48%
25.74%
2023 EU-wide Stress Test: Credit risk IRB
Intesa Sanpaolo S.p.A.
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
27.09%
17.77%
17.66%
70.42%
18.85%
18.85%
80.55%
83.62%
54.50%
83.62%
21.67%
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
27.09%
17.77%
17.66%
70.97%
16.03%
16.03%
72.39%
84.02%
54.50%
84.02%
20.67%
Baseline Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
27.09%
17.77%
17.66%
71.11%
14.33%
14.33%
67.92%
84.24%
54.50%
84.24%
20.24%
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
18.70%
42.38%
42.69%
40.27%
34.91%
17.45%
17.45%
39.93%
70.17%
96.55%
66.44%
41.07%
18.67%
42.00%
42.19%
40.27%
26.71%
16.59%
16.59%
39.93%
64.35%
96.55%
59.64%
39.93%
18.65%
41.76%
41.89%
40.27%
23.65%
16.23%
16.23%
39.93%
60.76%
96.55%
55.42%
39.61%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
2,572
1,986
2,936
1,999
* Stage 1, 2, and 3 exposures as well as related provisions already reflect the restated distribution across IFRS 9 stages as of 1 January 2023 as per Methodological Note.
25.42%
26.11%
15.74%
39.51%
36.06%
35.16%
35.16%
40.20%
47.67%
96.70%
47.43%
26.43%
2,613
1,869
2,978
1,881
25.76%
27.43%
15.81%
39.17%
28.61%
27.67%
27.67%
40.20%
42.53%
96.69%
42.32%
27.45%
2,569
1,843
2,933
1,855
26.02%
27.94%
15.83%
39.03%
25.24%
24.36%
24.36%
40.20%
39.60%
96.69%
39.42%
27.88%
2023 EU-wide Stress Test: Credit risk IRB
Intesa Sanpaolo S.p.A.
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
Intesa Sanpaolo S.p.A.
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
15,319
93,399
8,807
19,425
140,079
111,203
4,753
106,451
28,797
10,393
18,404
5,600
6,130
64,210
2,799
13,895
13,223
9,541
9,304
3,666
1,020
2,647
8,090
1,267
3,420
4,214
2,149
1,731
2,053
1,225
2,075
0 0 246
4,053
1,863
1,926
1,336
47.98%
50.09%
46.46%
54.48%
45.71%
26.95%
28.59%
26.56%
88.89%
65.08%
67.23%
63.62%
29.80%
14,753
86,895
7,565
17,321
134,332
106,420
4,676
101,744
27,840
9,937
17,902
5,589
6,415
66,878
3,196
14,870
17,299
13,240
13,020
4,041
1,225
2,816
11,927
2,112
4,549
5,884
3,233
2,722
2,636
1,079
1,557
2,101
0 0 323
5,522
2,334
2,374
1,626
40.59%
46.30%
42.21%
51.31%
40.35%
22.77%
26.46%
22.07%
78.88%
61.69%
63.73%
60.28%
23.90%
14,672
87,661
6,827
17,238
129,367
102,125
4,613
97,513
27,173
9,547
17,626
5,578
6,222
61,359
3,174
13,384
20,163
16,079
15,883
4,065
1,325
2,740
1,070
16,680
2,871
6,118
7,986
4,689
4,091
3,279
1,369
1,910
1,877
0 0 410
7,287
1,155
2,975
2,919
1,967
1,106
38.34%
43.69%
40.24%
48.62%
36.56%
20.02%
25.01%
19.29%
71.37%
60.01%
62.94%
57.90%
20.07%
254,398
83,565
12,852
2,732
0 6,235
48.52%
241,569
90,596
18,650
2,883
0 8,229
44.13%
237,278
87,749
25,788
2,691
0 10,627
41.21%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
ITALY
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
8,496
59,098
4,147
17,359
129,385
101,603
4,742
96,861
27,782
10,199
17,583
5,511
5,764
41,510
1,930
13,421
12,323
9,104
8,872
3,219
2,343
6,651
3,328
3,854
2,029
1,614
1,825
1,029
1,609
0 0 217
3,270
1,802
1,668
1,155
51.00%
49.16%
45.73%
54.15%
43.27%
25.28%
28.48%
24.45%
53.17%
63.27%
67.21%
60.23%
29.78%
8,205
51,491
3,244
15,320
123,906
96,917
4,665
92,252
26,989
9,770
17,218
5,500
5,802
46,123
2,181
14,366
16,320
12,760
12,545
3,560
1,073
2,487
9,645
1,563
4,424
5,337
3,059
2,550
2,278
1,028
1,250
1,689
0 0 284
4,402
2,259
2,017
1,360
41.80%
45.63%
42.59%
51.07%
37.80%
21.47%
26.36%
20.50%
53.17%
59.72%
63.79%
56.37%
23.85%
8,069
52,451
2,792
15,264
119,143
92,707
4,602
88,105
26,436
9,395
17,041
5,489
5,689
41,192
2,064
12,880
19,181
15,576
15,383
3,605
1,175
2,430
13,616
2,132
5,965
7,240
4,454
3,859
2,786
1,302
1,484
1,496
0 0 363
5,871
2,888
2,459
1,614
39.09%
43.12%
41.26%
48.41%
33.97%
18.97%
24.92%
18.06%
53.17%
57.93%
63.07%
53.42%
19.99%
202,490
59,599
10,964
2,116
0 5,165
47.10%
189,102
68,248
15,704
2,327
0 6,713
42.75%
185,153
66,066
21,835
2,199
0 8,703
39.86%
Adverse Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
3,999
1,776
9,848
8,793
8,782
0 0 0
20.61%
62.72%
59.59%
65.15%
73.82%
59.79%
54.40%
59.88%
88.99%
79.63%
67.87%
81.62%
40.00%
3,814
1,717
9,594
8,708
8,698
0 0 0
20.61%
54.66%
50.19%
57.27%
67.29%
49.59%
45.26%
49.66%
78.98%
74.35%
62.64%
76.34%
40.00%
3,733
1,697
9,402
8,632
8,622
0 0 0
20.61%
51.08%
46.54%
53.27%
63.77%
43.51%
42.25%
43.53%
71.46%
71.86%
60.43%
73.70%
40.00%
13,852
1,615
0 317
71.30%
13,415
1,829
0 431
64.49%
13,140
1,874
0 548
61.08%
Adverse Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
4,339
4,394
4,997
4,403
51.54%
40.00%
5,195
3,421
40.91%
5,841
3,441
32.96%
41.11%
19.07%
33.57%
24.47%
21.27%
21.27%
50.64%
51.54%
45.38%
40.00%
5,011
3,509
37.82%
5,649
3,536
32.59%
37.99%
19.06%
36.21%
20.60%
18.46%
18.46%
50.64%
45.38%
32.49%
36.66%
18.72%
37.03%
18.95%
17.31%
17.31%
50.64%
41.26%
0 113
41.26%
40.00%
36.47%
2023 EU-wide Stress Test: Credit risk IRB
Intesa Sanpaolo S.p.A.
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
18.75%
16.90%
15.87%
59.79%
19.43%
19.43%
52.04%
65.75%
63.71%
66.09%
17.47%
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
19.02%
17.23%
15.87%
50.72%
18.56%
18.56%
52.04%
61.88%
57.81%
63.21%
17.54%
Adverse Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
19.03%
17.24%
15.87%
45.40%
17.76%
17.76%
52.04%
58.93%
55.85%
60.33%
17.48%
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
2,100
0 0 0
2,917
1,038
20.50%
52.48%
79.40%
48.65%
79.40%
60.48%
1,882
1,172
0 0 0
36.53%
2,669
1,255
24.76%
36.57%
23.49%
31.44%
38.74%
20.50%
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
1,002
0 0 0
35.08%
2,803
1,081
Adverse Scenario
31/12/2024
31/12/2023
Stage 1
exposure
17.80%
52.48%
75.12%
48.65%
75.12%
60.48%
2,013
24.81%
35.21%
23.38%
34.16%
31.20%
17.80%
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
24.92%
34.13%
22.57%
35.89%
26.90%
16.50%
16.50%
52.48%
71.59%
48.65%
71.59%
60.48%
33.95%
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
3,420
1,478
3,915
1,487
23.44%
35.72%
18.53%
38.77%
17.11%
16.00%
16.00%
37.25%
37.25%
35.30%
3,340
1,516
3,822
1,537
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
23.43%
36.05%
18.83%
39.49%
16.38%
15.46%
15.46%
31.66%
31.66%
35.61%
3,373
1,435
3,850
1,460
Adverse Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
23.42%
35.98%
18.30%
39.81%
15.91%
15.06%
15.06%
28.96%
28.96%
35.56%
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
3,017
1,839
0 0 0
3,159
1,841
10.64%
52.09%
47.30%
27.07%
47.46%
60.48%
2,837
1,982
0 0 0
31.31%
2,977
1,985
32.41%
31.33%
18.04%
45.56%
24.83%
10.64%
12.33%
52.09%
43.88%
27.07%
44.05%
60.48%
2,913
1,841
0 0 0
32.39%
3,052
1,845
32.44%
32.43%
18.27%
45.61%
20.61%
12.33%
32.48%
32.46%
17.65%
45.15%
18.81%
12.87%
12.87%
52.09%
41.68%
26.96%
41.83%
60.48%
32.43%
2023 EU-wide Stress Test: Credit risk IRB
Intesa Sanpaolo S.p.A.
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
27.09%
22.79%
18.54%
75.64%
26.32%
26.32%
78.67%
88.58%
59.65%
88.58%
25.39%
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
27.09%
22.73%
18.58%
74.02%
22.07%
22.07%
71.59%
89.16%
59.65%
89.16%
24.95%
Adverse Scenario
31/12/2024
31/12/2023
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
27.09%
22.66%
18.62%
73.87%
20.81%
20.81%
68.49%
89.42%
59.56%
89.42%
24.74%
31/12/2025
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
18.70%
50.01%
50.31%
48.29%
36.80%
21.58%
21.58%
50.36%
72.49%
97.99%
68.74%
48.86%
18.66%
49.55%
49.75%
48.29%
28.83%
21.35%
21.35%
50.36%
64.45%
97.95%
59.78%
47.67%
18.64%
49.34%
49.51%
48.29%
25.85%
20.76%
20.76%
50.36%
60.25%
97.93%
55.24%
46.87%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: non-SME
Retail – Qualifying Revolving
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
2,170
2,374
2,528
2,393
* Stage 1, 2, and 3 exposures as well as related provisions already reflect the restated distribution across IFRS 9 stages as of 1 January 2023 as per Methodological Note.
25.78%
29.47%
18.01%
49.54%
36.30%
35.21%
35.21%
54.75%
50.46%
98.31%
50.23%
29.64%
2,394
2,036
2,743
2,063
26.34%
31.25%
18.09%
46.94%
27.68%
26.60%
26.60%
54.75%
44.58%
98.30%
44.40%
31.17%
2,348
1,990
2,693
2,018
26.76%
30.97%
17.84%
45.58%
23.77%
22.82%
22.82%
54.75%
40.69%
98.30%
40.55%
30.82%
2023 EU-wide Stress Test: Credit risk STA
Intesa Sanpaolo S.p.A.
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
Intesa Sanpaolo S.p.A.
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
106,089
172,892
1,374
1,945
23,331
24,761
5,716
12,552
2,181
6,235
2,038
3,259
1,496
21,541
6,768
22,516
5,020
8,237
1,285
2,244
3,970
1,179
105,702
127,901
1,058
5,210
18,343
4,444
11,492
1,946
5,444
1,698
9,340
6,555
3,723
1,365
1,247
0.00%
14.12%
83.65%
92.46%
0.00%
0.00%
40.79%
61.17%
71.08%
54.77%
67.16%
43.92%
55.61%
69.61%
0.00%
0.00%
0.00%
0.00%
19,273
375,945
12,820
82,108
19,362
298,222
22,311
1,885
0.01%
50.59%
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
ITALY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
92,215
113,114
4,761
8,102
1,857
4,968
1,575
1,499
16,522
2,099
7,604
1,476
2,827
1,909
92,186
93,406
6,529
4,423
1,170
16,159
243,582
11,261
43,506
16,159
215,375
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
8,563
1,330
1,375
0.00%
15.99%
82.13%
77.12%
0.00%
0.00%
40.55%
70.23%
74.71%
61.58%
63.16%
56.07%
55.42%
0.00%
0.00%
0.00%
0.00%
0.00%
12,348
0.55%
59.04%
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
2,360
1,044
2,360
4,911
1,198
4,015
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
0.00%
25.17%
94.37%
0.00%
0.00%
0.00%
60.57%
60.57%
75.27%
76.80%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
70.05%
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
3,819
7,487
1,694
3,819
1,422
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
68.45%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
13,786
1,283
6,070
1,018
0.00%
68.45%
2023 EU-wide Stress Test: Credit risk STA
Intesa Sanpaolo S.p.A.
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
7,522
2,901
1,166
2,696
1,574
2,907
1,166
2,022
6,425
2,675
1,022
2,519
1,469
1,072
16,203
6,003
1,091
14,555
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
0.00%
92.94%
0.00%
0.00%
0.00%
33.33%
65.79%
72.08%
52.50%
62.16%
35.15%
0.00%
91.46%
0.00%
0.00%
0.00%
0.00%
0.00%
56.81%
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
7,411
3,473
5,268
12,408
1,381
6,789
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.47%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.47%
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
1,304
2,783
2,574
1,401
1,312
1,304
2,656
1,019
9,043
2,697
5,734
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2,423
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
62.00%
0.00%
94.74%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2,548
0.00%
62.40%
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
6,681
3,338
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
33.20%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7,337
3,736
0.00%
33.55%
2023 EU-wide Stress Test: Credit risk STA
Intesa Sanpaolo S.p.A.
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
1,217
1,572
1,757
1,193
1,530
1,188
1,217
1,294
1,508
1,029
7,143
3,738
5,770
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
13.73%
60.97%
0.00%
0.00%
0.00%
0.00%
48.36%
46.53%
57.76%
60.05%
14.03%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
55.98%
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
1,865
1,830
1,510
1,374
1,791
1,342
7,030
2,429
5,821
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
34.37%
67.41%
57.39%
63.65%
42.76%
56.59%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
44.83%
Actual
31/12/2022*
Exposure values
Non-defaulted
Risk exposure amounts
Defaulted
Non-defaulted
Stage 1
exposure
Defaulted
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
* Stage 1, 2, and 3 exposures as well as related provisions already reflect the restated distribution across IFRS 9 stages as of 1 January 2023 as per Methodological Note.
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
1,080
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
80.89%
0.00%
1.48%
0.17%
18.16%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2,087
0.00%
13.97%
2023 EU-wide Stress Test: Credit risk STA
Intesa Sanpaolo S.p.A.
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stage 3
exposure
(mln EUR, %)
Intesa Sanpaolo S.p.A.
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
105,702
121,853
5,124
15,821
4,281
10,990
1,791
5,364
1,595
14,895
6,607
5,946
1,387
1,439
0.00%
40.00%
54.25%
57.71%
15.58%
20.58%
37.12%
52.48%
62.48%
50.52%
62.73%
41.93%
52.61%
44.05%
24.28%
0.00%
23.45%
40.00%
105,702
118,011
5,038
15,003
4,083
10,602
1,683
5,225
1,511
18,254
6,663
6,392
1,425
1,500
1,043
1,290
1,271
0.00%
40.00%
49.07%
44.66%
15.81%
20.58%
35.17%
47.82%
57.31%
47.63%
59.11%
38.52%
50.19%
39.72%
24.76%
0.00%
24.14%
40.00%
105,702
115,471
4,960
14,462
3,911
10,286
1,600
5,106
1,438
20,313
6,713
6,559
1,439
1,494
1,524
1,663
1,593
0.00%
40.00%
46.64%
39.49%
15.89%
20.58%
34.21%
45.40%
54.23%
45.87%
57.15%
35.93%
48.36%
38.08%
25.08%
0.00%
24.68%
40.00%
19,350
288,605
30,689
3,124
1,473
39.90%
47.15%
19,339
283,141
34,824
4,453
1,965
39.66%
44.12%
19,328
279,396
37,246
5,776
2,456
39.45%
42.52%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
ITALY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
92,186
87,826
6,447
4,399
1,267
13,727
1,314
1,343
0.00%
40.00%
73.82%
70.70%
0.00%
0.00%
37.91%
55.61%
63.41%
49.01%
61.71%
52.13%
52.83%
32.99%
21.39%
0.00%
21.39%
40.00%
92,186
84,363
6,390
4,346
1,259
16,777
1,297
1,294
16,149
209,687
17,386
1,329
38.49%
47.13%
16,139
206,062
20,373
1,967
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
68.27%
63.95%
0.00%
0.00%
36.23%
48.84%
57.10%
40.24%
57.40%
49.14%
50.82%
32.19%
21.81%
0.00%
21.48%
40.00%
92,186
82,165
6,342
4,291
1,251
18,563
1,283
1,249
1,243
0.00%
40.00%
64.30%
58.94%
0.00%
0.00%
35.14%
45.11%
53.36%
34.61%
54.72%
46.99%
49.37%
31.94%
22.15%
0.00%
21.55%
40.00%
37.10%
42.80%
16,130
203,726
22,095
2,582
1,050
36.58%
40.67%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
2,360
0.00%
40.00%
40.00%
94.37%
0.00%
0.00%
40.00%
53.72%
53.80%
78.50%
74.75%
79.86%
80.00%
0.00%
0.00%
0.00%
19.91%
0.00%
2,360
3,933
40.00%
68.71%
3,878
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
40.00%
94.37%
0.00%
0.00%
40.00%
50.11%
50.21%
75.90%
73.51%
67.45%
67.61%
0.00%
0.00%
0.00%
25.07%
0.00%
2,360
0.00%
40.00%
40.00%
94.37%
0.00%
0.00%
40.00%
48.17%
48.28%
73.76%
72.65%
62.61%
62.77%
0.00%
0.00%
0.00%
28.94%
0.00%
40.00%
65.06%
3,836
40.00%
62.55%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
3,819
1,421
0.00%
40.00%
0.00%
0.00%
18.15%
0.00%
33.53%
36.97%
45.89%
36.26%
45.76%
9.04%
0.00%
24.93%
0.00%
0.00%
18.15%
40.00%
3,819
1,420
0.00%
40.00%
0.00%
0.00%
19.17%
0.00%
33.73%
36.98%
45.90%
35.83%
45.76%
9.08%
0.00%
24.93%
0.00%
0.00%
18.45%
40.00%
3,819
1,420
0.00%
40.00%
0.00%
0.00%
19.68%
0.00%
33.82%
36.99%
45.91%
35.48%
45.76%
9.07%
0.00%
24.93%
0.00%
0.00%
18.61%
40.00%
6,090
40.00%
35.76%
6,092
40.00%
35.90%
6,083
40.00%
35.93%
2023 EU-wide Stress Test: Credit risk STA 2023 EU-wide Stress Test: Credit risk STA
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stage 3
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
6,387
2,581
2,439
1,435
0.00%
40.00%
50.81%
40.00%
0.00%
0.00%
39.97%
58.91%
65.28%
45.57%
58.94%
27.29%
34.20%
90.99%
0.00%
0.00%
0.00%
0.00%
6,351
2,449
2,356
1,400
1,091
14,304
40.00%
49.10%
1,090
14,012
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
46.17%
40.00%
0.00%
0.00%
39.98%
54.15%
60.86%
41.29%
55.31%
22.46%
34.20%
90.53%
0.00%
0.00%
0.00%
0.00%
6,315
2,324
2,293
1,364
0.00%
40.00%
44.31%
40.00%
0.00%
0.00%
39.99%
51.49%
58.37%
38.61%
52.48%
19.38%
34.20%
90.07%
0.00%
0.00%
0.00%
0.00%
40.00%
44.85%
1,089
13,745
1,004
40.00%
42.40%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
5,185
0.00%
40.00%
40.00%
16.74%
0.00%
0.00%
18.23%
39.72%
44.92%
59.32%
40.53%
16.16%
0.00%
0.00%
0.00%
0.00%
40.00%
0.00%
5,115
6,595
40.00%
39.13%
6,508
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
40.00%
16.74%
0.00%
0.00%
18.10%
39.74%
44.98%
51.37%
40.20%
16.16%
0.00%
0.00%
0.00%
0.00%
40.00%
0.00%
5,056
0.00%
40.00%
40.00%
16.74%
0.00%
0.00%
18.01%
39.77%
45.03%
45.15%
40.10%
16.16%
0.00%
0.00%
0.00%
0.00%
40.00%
0.00%
40.00%
35.56%
6,429
1,006
40.00%
34.12%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
1,304
2,655
2,415
0.00%
40.00%
0.00%
0.00%
31.77%
0.00%
20.08%
26.78%
32.77%
44.84%
40.32%
15.21%
0.00%
0.00%
0.00%
0.00%
24.84%
40.00%
1,304
2,654
2,409
5,646
2,625
40.00%
24.09%
5,566
2,694
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
0.00%
0.00%
32.03%
0.00%
20.61%
24.87%
32.67%
36.39%
40.32%
16.30%
0.00%
0.00%
0.00%
0.00%
25.11%
40.00%
1,304
2,653
2,401
0.00%
40.00%
0.00%
0.00%
32.11%
0.00%
20.94%
23.92%
32.60%
33.10%
40.32%
17.14%
0.00%
0.00%
0.00%
0.00%
25.36%
40.00%
40.00%
23.45%
5,497
2,755
40.00%
23.23%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
3,279
0.00%
40.00%
40.00%
19.46%
0.00%
0.00%
39.84%
22.52%
55.68%
14.41%
50.26%
20.68%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3,221
0.00%
40.00%
40.00%
19.46%
0.00%
0.00%
39.84%
22.06%
55.84%
13.65%
50.26%
20.54%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3,164
0.00%
40.00%
40.00%
19.46%
0.00%
0.00%
39.84%
21.63%
55.96%
13.62%
50.26%
20.40%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3,649
40.00%
31.93%
3,573
40.00%
31.43%
3,501
40.00%
31.04%
2023 EU-wide Stress Test: Credit risk STA 2023 EU-wide Stress Test: Credit risk STA
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stage 3
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
1,217
1,284
0.00%
40.00%
40.10%
40.00%
0.00%
0.00%
40.00%
50.07%
46.90%
56.74%
63.70%
12.04%
10.53%
40.00%
0.00%
0.00%
0.00%
40.00%
1,217
1,161
5,119
1,465
40.00%
55.48%
4,782
1,696
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
40.06%
40.00%
0.00%
0.00%
40.00%
51.16%
47.18%
56.53%
66.08%
11.96%
10.53%
40.00%
0.00%
0.00%
0.00%
40.00%
1,217
1,078
0.00%
40.00%
40.04%
40.00%
0.00%
0.00%
40.00%
52.01%
47.41%
56.61%
67.54%
11.93%
10.53%
40.00%
0.00%
0.00%
0.00%
40.00%
40.00%
55.48%
4,571
1,806
40.00%
55.64%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
1,791
1,312
0.00%
40.00%
40.00%
40.00%
0.00%
0.00%
40.00%
32.45%
61.40%
54.48%
54.11%
37.30%
48.32%
40.00%
40.00%
0.00%
0.00%
40.00%
1,791
1,278
5,749
40.00%
41.36%
5,650
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
40.00%
40.00%
0.00%
0.00%
40.00%
31.36%
56.35%
52.79%
48.56%
33.81%
42.51%
40.00%
40.00%
0.00%
0.00%
40.00%
1,791
1,246
0.00%
40.00%
40.00%
40.00%
0.00%
0.00%
40.00%
30.82%
52.86%
51.70%
45.22%
31.68%
38.38%
40.00%
40.00%
0.00%
0.00%
40.00%
40.00%
38.94%
5,550
40.00%
37.39%
Baseline Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
* Stage 1, 2, and 3 exposures as well as related provisions already reflect the restated distribution across IFRS 9 stages as of 1 January 2023 as per Methodological Note.
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
0.00%
31.34%
40.00%
0.00%
11.74%
36.33%
25.23%
22.19%
28.63%
18.77%
0.00%
0.00%
23.60%
0.00%
23.60%
40.00%
0.00%
40.00%
0.00%
31.34%
40.00%
0.00%
11.69%
36.38%
25.23%
21.72%
26.22%
18.05%
0.00%
0.00%
24.42%
0.00%
23.60%
40.00%
0.00%
40.00%
0.00%
31.34%
40.00%
0.00%
11.67%
36.27%
25.23%
21.58%
25.21%
17.62%
0.00%
0.00%
24.93%
0.00%
23.60%
40.00%
40.00%
28.76%
40.00%
29.88%
40.00%
30.09%
2023 EU-wide Stress Test: Credit risk STA
Intesa Sanpaolo S.p.A.
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stage 3
exposure
(mln EUR, %)
Intesa Sanpaolo S.p.A.
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
105,702
121,692
5,071
14,738
3,915
10,551
1,662
5,138
1,595
14,882
6,643
6,883
1,697
1,718
1,072
1,063
1,104
0.00%
40.00%
50.53%
53.64%
15.70%
20.58%
37.38%
57.58%
66.96%
59.53%
67.14%
48.59%
55.89%
46.91%
24.28%
0.00%
23.45%
40.00%
105,702
117,696
4,913
13,613
3,564
9,816
1,464
4,848
1,511
18,211
6,742
7,367
1,796
1,880
1,202
1,401
1,704
1,678
0.00%
40.00%
46.05%
40.48%
16.11%
20.58%
35.01%
52.72%
60.94%
56.50%
64.02%
45.69%
53.95%
42.65%
24.76%
0.00%
24.14%
40.00%
105,702
115,015
4,777
13,022
3,372
9,372
1,341
4,705
1,438
20,234
6,818
7,342
1,724
1,813
1,191
2,059
2,321
1,093
2,188
1,169
1,205
0.00%
40.00%
44.29%
36.08%
16.39%
20.58%
33.92%
50.38%
57.17%
55.08%
62.73%
44.02%
52.15%
40.17%
25.08%
0.00%
24.68%
40.00%
19,350
286,547
32,216
3,656
1,904
39.90%
52.08%
19,339
280,034
36,586
5,798
2,836
39.67%
48.91%
19,328
275,894
38,692
7,833
3,713
39.46%
47.41%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
ITALY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
92,186
87,698
5,945
4,257
1,139
13,716
1,320
1,821
1,085
0.00%
40.00%
71.72%
69.60%
0.00%
0.00%
38.07%
57.11%
66.21%
50.99%
63.49%
53.58%
54.37%
37.67%
21.39%
0.00%
21.39%
40.00%
92,186
84,122
5,717
4,112
1,130
16,739
1,302
1,866
1,052
1,110
16,149
208,749
18,124
1,530
38.55%
47.42%
16,139
204,728
21,219
2,456
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
65.46%
59.73%
0.00%
0.00%
35.84%
48.93%
58.06%
40.27%
58.28%
49.57%
51.65%
36.78%
21.81%
0.00%
21.48%
40.00%
92,186
81,818
5,619
4,022
1,124
18,494
1,282
1,748
1,659
0.00%
40.00%
61.28%
52.48%
0.00%
0.00%
34.52%
44.36%
52.34%
35.10%
54.46%
46.21%
49.18%
36.06%
22.15%
0.00%
21.55%
40.00%
1,048
37.13%
42.67%
16,130
202,189
22,806
3,407
1,381
36.60%
40.52%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
2,360
0.00%
40.00%
40.00%
94.37%
0.00%
0.00%
46.00%
58.16%
58.23%
83.62%
81.18%
95.22%
95.29%
0.00%
0.00%
0.00%
19.91%
0.00%
2,360
3,899
40.00%
73.67%
3,814
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
40.00%
94.37%
0.00%
0.00%
46.00%
53.48%
53.49%
79.17%
79.56%
83.72%
83.79%
0.00%
0.00%
0.00%
25.07%
0.00%
2,360
0.00%
40.00%
40.00%
94.37%
0.00%
0.00%
46.00%
52.16%
52.13%
75.94%
78.76%
79.95%
80.05%
0.00%
0.00%
0.00%
28.94%
0.00%
40.00%
68.90%
3,759
40.00%
66.39%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
3,819
1,421
0.00%
40.00%
0.00%
0.00%
18.15%
0.00%
35.50%
40.88%
52.24%
45.95%
50.82%
17.73%
0.00%
24.93%
0.00%
0.00%
18.15%
40.00%
3,819
1,420
0.00%
40.00%
0.00%
0.00%
19.17%
0.00%
35.73%
41.01%
52.31%
45.27%
50.97%
17.72%
0.00%
24.93%
0.00%
0.00%
18.45%
40.00%
3,819
1,420
0.00%
40.00%
0.00%
0.00%
19.68%
0.00%
35.53%
40.79%
52.30%
44.71%
50.73%
17.54%
0.00%
24.93%
0.00%
0.00%
18.61%
40.00%
6,064
1,015
40.00%
41.32%
6,073
40.00%
40.68%
6,060
40.00%
40.13%
2023 EU-wide Stress Test: Credit risk STA 2023 EU-wide Stress Test: Credit risk STA
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stage 3
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
6,380
2,514
2,410
1,408
0.00%
40.00%
49.31%
40.00%
0.00%
0.00%
45.97%
65.99%
72.34%
58.66%
67.51%
35.93%
60.66%
90.99%
0.00%
0.00%
0.00%
0.00%
6,330
2,333
2,289
1,336
1,091
14,173
40.00%
57.91%
1,090
13,741
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
44.86%
40.00%
0.00%
0.00%
45.99%
61.06%
67.97%
53.37%
62.75%
30.84%
60.66%
90.53%
0.00%
0.00%
0.00%
0.00%
6,281
2,206
2,228
1,298
0.00%
40.00%
43.32%
40.00%
0.00%
0.00%
45.99%
59.05%
66.09%
50.37%
60.13%
28.73%
60.66%
90.07%
0.00%
0.00%
0.00%
0.00%
40.00%
52.60%
1,089
13,460
1,208
40.00%
50.18%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
5,184
0.00%
40.00%
40.00%
16.74%
0.00%
0.00%
19.75%
45.04%
49.80%
66.70%
46.96%
25.85%
0.00%
0.00%
0.00%
0.00%
40.00%
0.00%
5,114
6,487
40.00%
41.56%
6,400
1,036
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
40.00%
16.74%
0.00%
0.00%
19.76%
45.31%
49.88%
54.93%
47.58%
25.85%
0.00%
0.00%
0.00%
0.00%
40.00%
0.00%
5,055
0.00%
40.00%
40.00%
16.74%
0.00%
0.00%
19.77%
45.16%
49.42%
48.23%
47.51%
25.84%
0.00%
0.00%
0.00%
0.00%
40.00%
0.00%
40.00%
38.30%
6,316
1,107
40.00%
37.33%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
1,304
2,655
2,414
0.00%
40.00%
0.00%
0.00%
37.38%
0.00%
20.43%
29.90%
32.77%
57.88%
49.31%
29.75%
0.00%
0.00%
0.00%
0.00%
24.84%
40.00%
1,304
2,654
2,406
5,641
2,629
40.00%
25.76%
5,557
2,697
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
0.00%
0.00%
40.45%
0.00%
21.16%
27.83%
32.43%
47.04%
49.38%
25.16%
0.00%
0.00%
0.00%
0.00%
25.11%
40.00%
1,304
2,653
2,394
0.00%
40.00%
0.00%
0.00%
41.15%
0.00%
21.65%
26.95%
32.25%
43.48%
49.43%
22.08%
0.00%
0.00%
0.00%
0.00%
25.36%
40.00%
40.00%
24.72%
5,483
2,753
40.00%
24.32%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
3,276
0.00%
40.00%
40.00%
19.46%
0.00%
0.00%
45.89%
28.04%
63.72%
16.16%
57.42%
28.94%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3,216
0.00%
40.00%
40.00%
19.47%
0.00%
0.00%
45.88%
28.35%
63.86%
15.71%
57.42%
29.11%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3,157
0.00%
40.00%
40.00%
19.47%
0.00%
0.00%
45.86%
27.62%
63.94%
15.81%
57.41%
29.06%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3,645
40.00%
34.87%
3,564
40.00%
34.65%
3,490
40.00%
34.23%
2023 EU-wide Stress Test: Credit risk STA 2023 EU-wide Stress Test: Credit risk STA
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
Stage 3
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
1,217
1,142
0.00%
40.00%
40.05%
40.00%
0.00%
0.00%
46.00%
57.91%
49.72%
66.94%
73.57%
20.59%
14.03%
40.00%
0.00%
0.00%
0.00%
40.00%
1,217
4,843
1,658
40.00%
64.91%
4,300
1,974
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
40.02%
40.00%
0.00%
0.00%
46.00%
59.98%
49.99%
66.68%
75.49%
20.81%
14.03%
40.00%
0.00%
0.00%
0.00%
40.00%
1,217
1,067
0.00%
40.00%
40.02%
40.00%
0.00%
0.00%
46.00%
61.10%
50.19%
66.75%
76.34%
20.94%
14.03%
40.00%
0.00%
0.00%
0.00%
40.00%
40.00%
64.88%
4,022
2,057
40.00%
65.03%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
1,791
1,278
0.00%
40.00%
40.00%
40.00%
0.00%
0.00%
46.00%
38.89%
67.22%
63.29%
58.41%
53.53%
63.65%
40.00%
40.00%
0.00%
0.00%
40.00%
1,791
1,223
5,670
40.00%
51.47%
5,490
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
40.00%
40.00%
0.00%
0.00%
46.00%
37.79%
61.36%
61.36%
52.80%
52.07%
60.03%
40.00%
40.00%
0.00%
0.00%
40.00%
1,791
1,194
0.00%
40.00%
40.00%
40.00%
0.00%
0.00%
46.00%
37.55%
58.73%
60.67%
50.49%
51.80%
57.89%
40.00%
40.00%
0.00%
0.00%
40.00%
40.00%
49.92%
5,387
40.00%
49.58%
Adverse Scenario
31/12/2023
Stage 1
exposure
Stage 2
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
* Stage 1, 2, and 3 exposures as well as related provisions already reflect the restated distribution across IFRS 9 stages as of 1 January 2023 as per Methodological Note.
31/12/2024
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
31/12/2025
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure
Stage 2
exposure
Stock of
provisions for
Stage 1
exposure
Stage 3
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0.00%
40.00%
0.00%
31.34%
40.00%
0.00%
11.77%
40.44%
32.84%
28.11%
35.75%
24.42%
0.00%
0.00%
23.60%
0.00%
23.60%
40.00%
0.00%
40.00%
0.00%
31.34%
40.00%
0.00%
11.74%
40.26%
32.84%
26.59%
33.13%
23.06%
0.00%
0.00%
24.42%
0.00%
23.60%
40.00%
0.00%
40.00%
0.00%
31.34%
40.00%
0.00%
11.76%
39.81%
32.84%
26.09%
32.23%
22.43%
0.00%
0.00%
24.93%
0.00%
23.60%
40.00%
40.00%
31.61%
40.00%
32.07%
40.00%
31.94%
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
Intesa Sanpaolo
S.p.A.
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
A-IRB
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
23,263
15,726
8,797
8,792
8,305
2,697
1,680
20,439
13,998
8,196
8,192
7,748
17,137
11,812
7,528
7,525
7,099
32,459
2,936
28,942
24,777
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2,582
1,462
2,114
1,228
0 0 70
3,022
2,478
42.79%
34.16%
28.97%
26.77%
26.77%
28.97%
29.17%
21.79%
30.54%
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
Central banks
Central governments
Institutions
Corporates
A-IRB
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
23,046
2,541
20,136
17,016
2,549
2,114
8,751
8,168
7,528
32,197
2,759
28,612
24,657
2,972
2,478
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
ITALY
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
SLOVAKIA
A-IRB
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
A-IRB
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
CROATIA
A-IRB
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
FRANCE
A-IRB
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
LUXEMBOURG
A-IRB
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
SPAIN
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
A-IRB
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
SERBIA
A-IRB
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
HUNGARY
A-IRB
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
A-IRB
Risk exposure amounts
F-IRB
A-IRB
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
F-IRB
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
Intesa Sanpaolo
S.p.A.
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
19,680
16,299
3,232
2,873
19,175
15,773
3,624
3,321
18,844
15,433
3,847
3,582
7,632
6,958
7,276
6,608
1,193
1,163
7,052
6,388
1,381
1,350
27,620
23,378
4,198
3,765
48.30%
26,759
22,505
4,908
4,526
46.60%
26,203
21,949
5,319
4,972
1,043
45.46%
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
Central banks
Central governments
Institutions
Corporates
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
19,382
16,179
3,196
2,872
18,877
15,654
3,588
3,320
18,548
15,315
3,810
3,581
7,608
6,958
7,253
6,608
1,175
1,163
7,030
6,388
1,363
1,350
27,297
23,258
4,144
3,765
26,438
22,386
4,854
4,526
25,885
21,830
5,264
4,971
1,033
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
ITALY
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
Intesa Sanpaolo
S.p.A.
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
18,936
16,245
3,918
2,900
18,158
15,696
4,512
3,345
17,743
15,338
4,711
3,596
7,613
6,948
7,242
6,588
1,202
1,160
7,006
6,361
1,388
1,346
26,857
23,313
4,891
3,792
49.03%
25,708
22,409
5,806
4,548
1,052
46.95%
25,057
21,826
6,190
4,982
1,318
45.43%
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
Central banks
Central governments
Institutions
Corporates
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
18,643
16,126
3,877
2,900
17,870
15,577
4,468
3,344
17,458
15,220
4,666
3,595
7,590
6,948
7,222
6,588
1,183
1,160
6,988
6,361
1,370
1,346
26,540
23,194
4,832
3,792
25,400
22,290
5,742
4,548
1,040
24,754
21,708
6,127
4,980
1,302
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
ITALY
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
2023 EU-wide Stress Test: Credit risk COVID-19 IRB
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Institutions
Corporates
Corporates – Of Which: Specialised Lending
Corporates – Of Which: SME
Retail
Retail – Secured on real estate property
Retail – Secured on real estate property – Of Which: SME
Retail – Secured on real estate property – Of Which: nonSME Revolving
Retail – Qualifying
Retail – Other Retail
Retail – Other Retail – Of Which: SME
Retail – Other Retail – Of Which: non-SME
Equity
Securitisation
Other non-credit obligation assets
IRB TOTAL
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 STA
Intesa Sanpaolo S.p.A.
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
Intesa Sanpaolo
S.p.A.
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
1,172
1,908
1,354
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0 0 –
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
ITALY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0 0 0
0 0 0 –
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 STA
Intesa Sanpaolo S.p.A.
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 STA
Intesa Sanpaolo S.p.A.
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0 0 1
0 0 –
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
0 0 –
Public guarantees – Actual
31/12/2022
Exposure values
Risk exposure
amounts
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 STA
Intesa Sanpaolo S.p.A.
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
Intesa Sanpaolo
S.p.A.
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
44.47%
42.57%
41.70%
51.70%
52.54%
53.10%
35.46%
37.69%
38.71%
1,071
46.98%
1,394
1,098
46.98%
1,392
1,109
47.07%
1,390
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
ITALY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
38.89%
38.90%
38.94%
42.42%
40.80%
40.27%
24.05%
23.23%
22.67%
38.72%
38.80%
38.85%
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
44.36%
44.29%
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
44.36%
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
44.29%
44.27%
44.27%
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 STA
2023 EU-wide Stress Test: Credit risk COVID-19 STA
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
45.39%
45.39%
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
35.28%
35.28%
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
31.36%
31.36%
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
22.24%
22.24%
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
22.23%
22.23%
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
22.22%
22.22%
2023 EU-wide Stress Test: Credit risk COVID-19 STA
2023 EU-wide Stress Test: Credit risk COVID-19 STA
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
40.82%
41.20%
41.33%
65.91%
67.75%
68.67%
10.67%
10.67%
10.67%
62.11%
63.35%
64.16%
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
47.50%
44.42%
42.53%
49.63%
47.38%
45.80%
48.52%
45.74%
43.92%
Public guarantees – Baseline Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
26.91%
26.30%
25.83%
13.25%
10.17%
9.93%
26.09%
20.81%
17.59%
2023 EU-wide Stress Test: Credit risk COVID-19 STA
Intesa Sanpaolo S.p.A.
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
Intesa Sanpaolo
S.p.A.
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
50.14%
47.92%
47.16%
60.49%
61.72%
62.53%
42.33%
45.10%
45.97%
1,066
54.62%
1,350
1,087
54.71%
1,349
1,094
55.47%
1,363
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
ITALY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
42.27%
42.59%
42.47%
45.27%
43.80%
43.18%
28.25%
27.05%
26.77%
42.13%
42.49%
42.39%
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SLOVAKIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
52.64%
52.99%
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
52.64%
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
52.99%
53.06%
53.06%
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED STATES
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
2023 EU-wide Stress Test: Credit risk COVID-19 STA
2023 EU-wide Stress Test: Credit risk COVID-19 STA
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
CROATIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
FRANCE
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
LUXEMBOURG
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
57.62%
57.62%
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
45.49%
45.49%
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
41.47%
41.47%
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SPAIN
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
35.61%
35.61%
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
35.59%
35.59%
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
35.58%
35.58%
2023 EU-wide Stress Test: Credit risk COVID-19 STA
2023 EU-wide Stress Test: Credit risk COVID-19 STA
Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A.
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
SERBIA
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
41.20%
41.65%
41.67%
73.03%
74.68%
75.26%
14.07%
14.08%
14.08%
67.43%
68.52%
68.88%
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
HUNGARY
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
56.23%
52.07%
50.57%
56.91%
52.74%
50.88%
56.54%
52.36%
52.36%
Public guarantees – Adverse Scenario
31/12/2023
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
(mln EUR, %)
UNITED KINGDOM
Central banks
Central governments
Regional governments or local authorities
Public sector entities
Multilateral Development Banks
International Organisations
Institutions
Corporates
of which: SME
Retail
of which: SME
Secured by mortgages on immovable property
of which: non-SME
Items associated with particularly high risk
Covered bonds
Claims on institutions and corporates with a ST credit assessment
Collective investments undertakings (CIU)
Equity
Securitisation
Other exposures
Standardised Total
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2024
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
31/12/2025
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
Stage 1
exposure, of
which
guaranteed
amount
Stage 1
exposure
Stage 2
exposure, of
which
guaranteed
amount
Stage 2
exposure
Stage 3
exposure, of
which
guaranteed
amount
Stage 3
exposure
Stock of
provisions for
Stage 1
exposure
Stock of
provisions for
Stage 2
exposure
Stock of
provisions for
Stage 3
exposure
Coverage Ratio Stage 3
exposure
35.59%
34.85%
34.35%
25.56%
23.00%
22.77%
35.08%
30.22%
27.70%
2023 EU-wide Stress Test: Securitisations
Intesa Sanpaolo S.p.A.
Baseline Scenario
Actual
(mln EUR)
Exposure values
Impairments
SEC-IRBA
SEC-SA
SEC-ERBA
SEC-IAA
Total
SEC-IRBA
SEC-SA
SEC-ERBA
SEC-IAA
Additional risk exposure amounts
Total
Total banking book others than assessed at fair value
Adverse Scenario
31/12/2022
31/12/2023
31/12/2024
31/12/2025
31/12/2023
31/12/2024
31/12/2025
25,616
16,612
42,581
6,074
4,531
11,103
6,482
4,810
11,812
7,240
5,305
13,115
8,139
5,843
14,597
6,909
5,147
12,669
8,397
6,063
15,276
10,410
7,213
1,045
18,669
2023 EU-wide Stress Test: Risk exposure amounts
Intesa Sanpaolo S.p.A.
Baseline scenario
31/12/2022
31/12/2023
31/12/2024
Actual
(mln EUR)
31/12/2025
Adverse scenario
31/12/2023
31/12/2024
31/12/2025
259,626
260,334
261,637
263,119
261,191
265,032
275,933
Risk exposure amount for securitisations and re-securitisations
11,103
11,812
13,115
14,597
12,669
15,276
18,669
Risk exposure amount other credit risk
248,523
248,523
248,523
248,523
248,523
249,755
257,264
Risk exposure amount for market risk
10,579
10,579
10,579
10,579
12,485
14,256
13,102
Risk exposure amount for operational risk
25,486
25,486
25,486
25,486
28,799
28,799
28,799
Risk exposure amount for credit risk
Total risk exposure amount
295,839
296,548
297,851
299,332
302,623
308,235
318,405
Total Risk exposure amount (transitional)
295,443
296,548
297,851
299,332
302,623
308,235
318,405
Total Risk exposure amount (fully loaded)
295,839
296,548
297,851
299,332
302,623
308,235
318,405
Other risk exposure amounts
2023 EU-wide Stress Test: Capital
Intesa Sanpaolo S.p.A.
(mln EUR, %)
A.1.1
IFRS 9 first
implementation
Actual
01/01/2018
31/12/2022
Baseline Scenario
Adverse Scenario
OWN FUNDS
56,360
57,699
59,305
60,640
47,691
49,591
50,938
COMMON EQUITY TIER 1 CAPITAL (net of deductions and after applying transitional
adjustments)
40,772
41,577
43,097
44,449
31,337
33,232
34,540
36,553
36,553
36,553
36,553
36,553
36,553
36,553
Capital instruments eligible as CET1 Capital (including share premium and net own capital instruments)
of which: CET1 instruments subscribed by Government
A.1.2
Retained earnings
20,229
22,226
24,224
26,136
18,795
20,323
21,998
A.1.3
Accumulated other comprehensive income
-2,635
-2,635
-2,635
-2,635
-6,943
-6,943
-6,943
Arising from full revaluation, cash flow hedge and liquidity reserves
-3,730
-3,730
-3,730
OCI Impact of defined benefit pension plans [gain or (-) loss]
-1,893
-1,893
-1,893
-1,893
-2,885
-2,885
-2,885
A.1.4
Other Reserves
-3,265
-3,265
-3,265
-3,265
-3,265
-3,265
-3,265
A.1.5
Funds for general banking risk
A.1.6
Minority interest given recognition in CET1 capital
A.1.7
Adjustments to CET1 due to prudential filters
(-) Value adjustments due to the requirements for prudent valuation (AVA)
Cash flow hedge reserve
Other adjustments
Other OCI contributions
A.1.8
-8,201
-8,162
-7,996
-7,667
-8,162
-7,996
-7,667
of which: Goodwill (-)
-4,252
-4,252
-4,252
-4,252
-4,252
-4,252
-4,252
of which: Software assets (-)
-1,357
-1,369
-1,253
-1,369
-1,253
of which: Other intangible assets (-)
-2,592
-2,541
-2,492
-2,443
-2,541
-2,492
-2,443
A.1.9
-2,154
-2,154
-2,154
-2,154
-2,804
-2,205
-2,187
A.1.10
(-) IRB shortfall of credit risk adjustments to expected losses
A.1.11
(-) Defined benefit pension fund assets
A.1.12
(-) Reciprocal cross holdings in CET1 Capital
A.1.13
(-) Excess deduction from AT1 items over AT1 Capital
(-) Intangible assets (including Goodwill)
(-) DTAs that rely on future profitability and do not arise from temporary differences net of associated DTLs
2023 EU-wide Stress Test: Capital
Intesa Sanpaolo S.p.A.
(mln EUR, %)
A.1.14
A.1.15
OWN FUNDS
IFRS 9 first
implementation
Actual
01/01/2018
31/12/2022
(-) Deductions related to assets which can alternatively be subject to a 1250% risk weight
Baseline Scenario
Adverse Scenario
(-) Holdings of CET1 capital instruments of financial sector entities where the institution does not have a
significant investment
A.1.16
(-) Deductible DTAs that rely on future profitability and arise from temporary differences
-1,618
-1,396
-1,225
A.1.17
(-) CET1 instruments of financial sector entities where the institution has a significant investment
A.1.18
(-) Amount exceeding the 17.65% threshold
of which: from securitisation positions (-)
A.1.18A
(-) Insufficient coverage for non-performing exposures
A.1.18B
(-) Minimum value commitment shortfalls
A.1.18C
(-) Other foreseeable tax charges
A.1.19
(-) Additional deductions of CET1 Capital due to Article 3 of Regulation (EU) No 575/2013
A.1.20
CET1 capital elements or deductions – other
A.1.21
Amount subject to IFRS 9 transitional arrangements
-1,042
-1,354
-1,042
-1,354
-2,986
-2,986
-2,986
-2,986
-2,986
-2,986
-2,986
Increase in IFRS 9 ECL provisions net of EL as of 01/01/2018 compared to related IAS 39 figures as at
31/12/17 (“static part”)
4,305
4,305
4,305
4,305
4,305
4,305
4,305
Increase in non-credit-impaired IFRS 9 ECL provisions net of EL compared to related IFRS 9 figures as
at between 01/01/2018 and 31/12/2019 (“old dynamic part”)
Increase of CET1 capital due to the tax deductibility of the amounts above (“static part + old dynamic
part”)
1,318
1,318
1,318
1,318
1,318
1,318
1,318
Increase in non-credit-impaired IFRS 9 ECL provisions net of EL compared to related IFRS 9 figures as
at 01/01/2020 (“new dynamic part”)
Increase of CET1 capital due to the tax deductibility of the amounts above (“new dynamic part”)
A.1.22
Transitional adjustments
From the increased IFRS 9 ECL provisions net of EL
From the amount of DTAs that is deducted from CET1 capital
Adjustments due to IFRS 9 transitional arrangements
4,305
of which: due to DTAs that rely on future profitability and do not arise from temporary differences
of which: due to DTAs that rely on future profitability and arise from temporary differences and CET1
instruments of financial sector entities where the institution has a significant investment
Other transitional adjustments to CET1 Capital
2023 EU-wide Stress Test: Capital
Intesa Sanpaolo S.p.A.
(mln EUR, %)
IFRS 9 first
implementation
Actual
01/01/2018
31/12/2022
Baseline Scenario
Adverse Scenario
of which: due to unrealised gains and losses measured at fair value through other comprehensive
income in view of COVID-19 pandemic
of which: exemption from deduction of Equity Holdings in Insurance Companies from CET 1 Items
7,207
7,207
7,207
7,207
7,207
7,207
7,207
7,207
7,207
7,207
7,207
7,207
7,207
7,207
A.2.1
Additional Tier 1 Capital instruments
A.2.2
(-) Excess deduction from T2 items over T2 capital
A.2.3
Other Additional Tier 1 Capital components and deductions
A.2.4
Additional Tier 1 transitional adjustments
TIER 1 CAPITAL (net of deductions and after transitional adjustments)
47,979
48,784
50,304
51,656
38,544
40,439
41,747
TIER 2 CAPITAL (net of deductions and after transitional adjustments)
8,381
8,914
9,001
8,984
9,148
9,152
9,190
A.4.1
Tier 2 Capital instruments
8,307
8,307
8,307
8,307
8,307
8,307
8,307
A.4.2
Other Tier 2 Capital components and deductions
A.4.3
Tier 2 transitional adjustments
of which: adjustments due to IFRS 9 transitional arrangements
Grandfathered Additional Tier 1 Capital instruments eligible as Tier 2
295,839
296,548
297,851
299,332
302,623
308,235
318,405
TOTAL RISK EXPOSURE
AMOUNT
CAPITAL RATIOS (%)
Transitional period
ADDITIONAL TIER 1 CAPITAL (net of deductions and after transitional adjustments)
of which: adjustments due to IFRS 9 transitional arrangements
TOTAL RISK EXPOSURE AMOUNT
of which: Transitional adjustments included
Common Equity Tier 1 Capital ratio
13.80%
14.02%
14.47%
14.85%
10.36%
10.78%
10.85%
Adjustments due to IFRS 9 transitional arrangements
Tier 1 Capital ratio
16.24%
16.45%
16.89%
17.26%
12.74%
13.12%
13.11%
Total Capital ratio
19.08%
19.46%
19.91%
20.26%
15.76%
16.09%
16.00%
COMMON EQUITY TIER 1 CAPITAL (fully loaded)
40,019
41,577
43,097
44,449
31,337
33,232
34,540
TIER 1 CAPITAL (fully loaded)
47,226
48,784
50,304
51,656
38,544
40,439
41,747
TOTAL CAPITAL (fully loaded)
56,353
57,699
59,305
60,640
47,691
49,591
50,938
Fully loaded
CAPITAL
2023 EU-wide Stress Test: Capital
Intesa Sanpaolo S.p.A.
(mln EUR, %)
IFRS 9 first
implementation
Actual
01/01/2018
31/12/2022
Baseline Scenario
Adverse Scenario
Common Equity Tier 1 Capital ratio
13.53%
14.02%
14.47%
14.85%
10.36%
10.78%
10.85%
Tier 1 Capital ratio
15.96%
16.45%
16.89%
17.26%
12.74%
13.12%
13.11%
Total Capital ratio
19.05%
19.46%
19.91%
20.26%
15.76%
16.09%
16.00%
Total leverage ratio exposures (transitional)
855,282
855,282
855282
855282
855282
855282
855282
Total leverage ratio exposures (fully loaded)
854,738
854,738
854738
854738
854738
854738
854738
Leverage ratio (transitional)
5.61%
5.70%
5.88%
6.04%
4.51%
4.73%
4.88%
Leverage ratio (fully loaded)
5.53%
5.71%
5.89%
6.04%
4.51%
4.73%
4.88%
Capital conservation buffer
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
Countercyclical capital buffer
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
O-SII buffer
0.75%
0.75%
0.75%
0.75%
0.75%
0.75%
0.75%
G-SII buffer
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Systemic risk buffer applied to exposures according to article 133 of CRD
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Combined buffer
3.33%
3.33%
3.33%
3.33%
3.33%
3.33%
3.33%
Pillar 2 capital requirement
1.79%
1.72%
1.72%
1.72%
1.72%
1.72%
1.72%
R.1.1
of which: CET1
1.01%
0.97%
0.97%
0.97%
0.97%
0.97%
0.97%
R.1.2
of which: AT1
0.33%
0.32%
0.32%
0.32%
0.32%
0.32%
0.32%
Total SREP capital requirement
(applicable requirement to be met at all times – including adverse scenario – according to EBA/GL/2018/03)
9.79%
9.72%
9.72%
9.72%
9.72%
9.72%
9.72%
CAPITAL RATIOS (%)
Fully loaded
Leverage ratios (%)
Transitional combined
buffer
requirements (%)
Pillar 2 (%)
R.2.1
R.3.1
COMMON EQUITY TIER 1 CAPITAL (fully loaded) – With application of IFRS-17
TOTAL RISK EXPOSURE AMOUNT – Restated as of 1st January 2023 after first application of IFRS17
TOTAL RISK EXPOSURE AMOUNT – With application of IFRS-17
Common Equity Tier 1 Capital ratio (fully loaded) – With application of IFRS-17
Memorandum items
related to the application
of IFRS-17 for banks with
insurance subsidiaries or
participations
of which: CET1
5.51%
5.47%
5.47%
5.47%
5.47%
5.47%
5.47%
13.12%
13.05%
13.05%
13.05%
13.05%
13.05%
13.05%
8.84%
8.80%
8.80%
8.80%
8.80%
8.80%
8.80%
Leverage Ratio pillar 2 requirement
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
COMMON EQUITY TIER 1 CAPITAL (fully loaded) – Restated as of 1st January 2023 after first
application of IFRS-17
39,611
Overall capital requirement
(applicable requirement under the baseline scenario according to EBA/GL/2018/03)
of which: CET1
(relevant input for maximum distributable amount calculation according to Art 141 CRD)
295,154
13.42%
2023 EU-wide Stress Test: P&L
Intesa Sanpaolo S.p.A.
Baseline scenario
Actual
(mln EUR)
Net interest income
31/12/2022
Adverse scenario
31/12/2023
31/12/2024
31/12/2025
31/12/2023
31/12/2024
31/12/2025
11,335
12,180
11,731
8,560
9,514
9,466
Interest income
13,177
26,451
27,051
25,298
34,292
35,440
32,376
Interest expense
-3,591
-15,116
-14,871
-13,566
-25,732
-24,001
-21,437
Net fee and commission income
8,969
8,861
8,784
8,716
7,273
7,583
7,891
Gains or losses on financial assets and liabilities held for trading and trading financial assets and trading financial liabilities
1,502
-1,138
Dividend income
9,585
Gains or losses on non-trading financial assets mandatorily at fair value through profit or loss by instrument and Gains or losses on financial
assets and liabilities designated at fair value through profit or loss
Other operating income not listed above, net
Total operating income, net
1,150
20,308
22,060
22,827
22,310
15,859
18,471
18,732
Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss
-2,703
-1,332
-1,107
-4,413
-2,914
-2,825
Other income and expenses not listed above, net
-11,604
-11,866
-11,927
-12,044
-13,459
-13,339
-13,479
Profit or (-) loss before tax from continuing operations
6,001
9,561
9,568
9,160
-2,013
2,218
2,428
Tax expenses or (-) income related to profit or loss from continuing operations
-1,621
-2,868
-2,870
-2,748
1,700
Profit or (-) loss after tax from discontinued operations (disposed at cut-off date)
Profit or (-) loss for the year
4,379
6,693
6,698
6,412
-1,409
1,553
Amount of dividends paid and minority interests after MDA-related adjustments
3,073
4,696
4,700
4,499
Attributable to owners of the parent net of estimated dividends
1,306
1,996
1,998
1,913
-1,434
1,528
1,675
Memo row: Impact of one-off adjustments
Total post-tax MDA-related adjustment
Memorandum item for banks with insurance subsidiaries or participations: Profit or (-) loss for the year – With application of IFRS-17
2023 EU-wide Stress Test: Major capital measures and realised losses
Intesa Sanpaolo S.p.A.
(mln EUR)
Issuance of CET 1 Instruments 01 January to 31 March 2023
Impact on Common Equity
Tier 1
Raising of capital instruments eligible as CET1 capital (+)
Repayment of CET1 capital, buybacks (-)
Conversion to CET1 of hybrid instruments (+)
Net issuance of Additional Tier 1 and Tier 2 Instruments 01 January to 31 March 2023
Impact on Additional Tier
1 and Tier 2
Net issuance of Additional Tier 1 and T2 Instruments with a trigger at or above bank’s post stress test CET1
ratio in the adverse scenario during the stress test horizon (+/-)
Net issuance of Additional Tier 1 and T2 Instrument with a trigger below bank’s post stress test CET1 ratio in
the adverse scenario during the stress test horizon (+/-)
Realised losses 01 January to 31 March 2023
Realised fines/litigation costs (net of provisions) (-)
Other material losses and provisions (-)