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INTESA SANPAOLO PRESS RELEASE INTESA SANPAOLO : CONSOLIDATED RESULTS AS AT 31 MARCH 2021 RESULTS FOR Q1 2021 CONFIRM INTESA SANPAOLO'S ABILITY TO EFFECTIVELY FACE THE CHALLENGING AFTERMATH OF THE COVID - 19 EPIDEMIC AND ARE FULLY IN LINE WITH THE TARGET OF DELIVERING A FULL - YEAR NET INCOME WELL ABOVE € 3.5 BILLION . RESULTS FOR THE QUARTER REFLECT INTESA SANPAOLO'S SUSTAINABLE PROFITABILITY DERIVING FROM A SOLID CAPITAL BASE AND LIQUIDITY POSITION , A RESILIENT AND WELL - DIVERSIFIED BUSINESS MODEL , THE STRATEGIC FLEXIBILITY IN MANAGING OPERATING COSTS AND THE ASSET QUALITY , WITH A LOW RISK PROFILE BOLSTERING THE SUPPORT PROVIDED TO ITALY BY THE GROUP , WHICH IS ALSO COMMITTED TO BECOMING A REFERENCE MODEL IN TERMS OF SUSTAINABILITY AND SOCIAL AND CULTURAL RESPONSIBILITY . VALUE GENERATION FOR ALL STAKEHOLDERS WILL BE ACCRETED BY SYNERGIES ESTIMATED AT OVER € 1 BILLION DERIVING FROM THE MERGER OF UBI BANCA , SUCCESSFULLY COMPLETED WITH NO SOCIAL COSTS , AND BY MORE THAN € 6 BILLION OUT OF PRE - TAX PROFIT DEVOTED BY THE GROUP IN 2020 TO FURTHER STRENGTHENING THE SUSTAINABILITY OF RESULTS . INTESA SANPAOLO'S INITIATIVES TO FACE THE COVID - 19 IMPACTS : - - - - PROVIDING SAFE CONDITIONS FOR THE GROUP PEOPLE AND CUSTOMERS ; SUPPORTING HEALTHCARE INITIATIVES WITH MORE THAN € 100 MILLION DONATED ; PROVIDING € 150 MILLION FROM THE FUND FOR IMPACT ( EQUAL TO 50 % ) TO REDUCE SOCIO - ECONOMIC DISTRESS ; FIRST BANK IN ITALY TO SUSPEND MORTGAGE AND LOAN INSTALMENTS EVEN BEFORE THE SPECIFIC REGULATION CAME INTO FORCE ( SUSPENSIONS OF PAYMENTS FOR € 101 BILLION APPROVED TO DATE ) , AND TO SIGN THE COLLABORATION PROTOCOL WITH SACE , THUS PROVIDING IMMEDIATE SUPPORT TO ENTERPRISES UNDER THE LIQUIDITY DECREE ( € 38 BILLION INCLUDING THE SME FUND GRANTED TO DATE ) ; - UP TO € 50 BILLION IN NEW LOANS MADE AVAILABLE TO ENTERPRISES AND PROFESSIONALS TO PROTECT JOBS AND MANAGE PAYMENTS DURING THE EMERGENCY . THE TRENDS OF THE NEW ENVIRONMENT FIND INTESA SANPAOLO FULLY EQUIPPED , THANKS TO THE GROUP'S COMPETITIVE ADVANTAGES : - - - - LEADERSHIP IN WEALTH MANAGEMENT & PROTECTION AND STRONGER POSITIONING IN THE HEALTH INSURANCE SECTOR THROUGH RBM ; EFFECTIVE PROACTIVE CREDIT MANAGEMENT ( PULSE ) AND GROUP'S STRATEGIC PARTNERSHIPS WITH LEADING NPL INDUSTRIAL PLAYERS ; · STRONG DIGITAL PROPOSITION , WITH AROUND 11.6 MILLION MULTICHANNEL CUSTOMERS AND AROUND 7.1 MILLION CUSTOMERS USING THE INTESA SANPAOLO APP , AND STRATEGIC PARTNERSHIP WITH NEXI AS REGARDS PAYMENT SYSTEMS ; AROUND 80,000 GROUP PEOPLE IN SMART WORKING AND OPTIMISATION OF THE DISTRIBUTION MODEL WITH BRANCH RATIONALISATION , THE BANCA 5 - SISALPAY STRATEGIC PARTNERSHIP ( MOONEY ) , AND MOST CUSTOMERS WHO WILL BE SERVED THROUGH ALTERNATIVE CHANNELS ; LEADERSHIP IN INCLUSION IN SUSTAINABILITY INDICES AND ESG INTERNATIONAL ASSESSMENTS . THE CAPITAL POSITION WAS SOLID AND WELL ABOVE REGULATORY REQUIREMENTS : PRO - FORMA FULLY LOADED COMMON EQUITY TIER 1 RATIO WAS 15.7 % DEDUCTING DIVIDENDS ACCRUED IN Q1 2021 FROM CAPITAL . NET INCOME AT € 1,516 MILLION . GROSS INCOME UP 22.2 % ON Q1 2020 .