Intesa Sanpaolo's CDS Costs Climb As Loan Loss Provisions Rise -- Market Talk
Dow Jones
Feb 02
1033 GMT - The cost of default protection for Intesa Sanpaolo's bonds rises after the bank raised provisions, or the funds set aside to cover anticipated future losses. The bank's provisions increased to 962 million euros ($1.14 billion) in the fourth quarter of 2025, up from 278 million euro in the third quarter. "The provisions shaved off some 29% of the bank's pre-impairment income," ING's Suvi Kosonen says in a note. Intesa Sanpaolo's credit default swap spreads climb 1 basis point to 35bps, S&P Global Market Intelligence data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
February 02, 2026 05:33 ET (10:33 GMT)
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