Italy’s biggest bank promises share-holders $25.2 billion
ROME: Intesa Sanpaolo, Italy’s biggest bank, said Friday it would pay its shareholders 22 billion euros ($25.2 billion) between now and 2025 as part of its new strategic plan. The bank announced a 27.7 percent increase in net profit to 4.18 billion euros in 2021, slightly above expectations although less than predicted several years ago due to the coronavirus pandemic.