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ISNPY - It's Finally Time To Invest In Intesa Sanpaolo
Intesa Sanpaolo S.P.A. ADR Repstg Ord Shs
Two months ago, I wrote an article about one of the biggest banks in Greece: Eurobank Ergasias (OTCPK:EGFEY), and discussed how investing in the Greek bank sector finally presented opportunities which greatly offset the intrinsic risks.
The main rationale was that the Greek bank had enough capital to implement a credible plan in order to quickly and substantially reduce its NPL load, allowing it to gain market share at the expense of its competitors. In other words, expand its business.
The same logic can be applied to the largest Italian bank: Intesa Sanpaolo