Overview
- The bank reported €9.321 billion net profit for 2025, set about €10 billion for 2026, and targets at least €11.5 billion by 2029.
- Shareholder returns are guided at roughly €50 billion over 2025–2029 with a 95% annual payout, including €6.5 billion in dividends on 2025 results and an ECB‑approved €2.3 billion buyback starting in July.
- The strategy emphasizes wealth management and bancassurance, with revenues projected at €30.7 billion and net commissions at €11.6 billion by 2029 while preserving a CET1 ratio around 13.2%.
- The workforce plan foresees about 12,400 exits by 2029, including roughly 9,750 in Italy, alongside approximately 6,300 hires of young staff in Italy by 2030.
- Digital growth includes launching isywealth Europe and expanding Isybank to add around one million customers by 2029, as CEO Carlo Messina downplays competitive threats linked to an MPS–Generali axis.