Intesa Sanpaolo SpA Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Domenico Santoro - HSBC, Research Division - Analyst : Actually, many questions have been already answered, but I have more curiosity. First of all, on the capital, I mean, I'm just wondering whether there is any intention to write up DTAs related to UBI, which probably -- I mean, in a group context now are much smaller, but just wonder whether you can get that capital benefit. And second, on the synergies, the realignment of the pricing in retail and also the ATM withdrawal fees. I'm just wondering, probably this could emerge already as an impact on revenues in Q4. And I was wondering whether they are relevant and whether they are positive or negative. Second, on cost -- third, on cost synergies instead. I see that you will integrate the IT system relatively quicker in 2021. So I just wonder whether you can give us an idea of the phasing of cost synergies and whether at the group level we should expect costs significantly down already in 2021. And then a question on the dividend. I know that 2020/'21 is still uncertain, but given now you have much more capital, I was just wondering if any preliminary talks have been already had with the regulator regarding 2019 on which you seem quite confident.