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Intesa Sanpaolo

Company Overview

The Intesa Sanpaolo Group is the leading banking group in Italy where it serves approximately 12 million customers and one of the largest in Europe.

Intesa Sanpaolo is the result of the merger, effective as of January 1st 2007, of Sanpaolo IMI into Banca Intesa - two banks that before merging had played major roles in the consolidation process of the Italian banking industry, becoming two of the leading players at the domestic level. In fact, Gruppo Intesa, in its configuration before the merger was the result of a series of integrations completed successfully: it was formed in 1998 from the integration of Cariplo and Ambroveneto; in 1999 a Tender Offer was made on 70% of Banca Commerciale Italiana which was subsequently incorporated in 2001. The Sanpaolo IMI Group was the result of the merger between Istituto Bancario San Paolo di Torino and Istituto Mobiliare Italiano which took place in 1998, and the subsequent integrations of Banco di Napoli in 2000 and Gruppo Cardine in 2002.

The Intesa Sanpaolo Group is the undisputed leader in Italy in financial activities addressed to both individuals and enterprises with the following market shares: banking intermediation (20% in customer loans and deposits), private banking (23%), pension funds (24%), factoring (25%), foreign transactions (a 27% market share in foreign trade payments), bancassurance (28%) and asset management (31%).

Furthermore, the Group enjoys strategic coverage and commercial effectiveness in Central-Eastern European markets where it is currently positioned among the top players in several countries. In fact, through its local subsidiaries, the Group ranks second in Albania, Croatia, Serbia and Slovakia, third in Hungary, fifth in Bosnia and Herzegovina and sixth in Slovenia and Ukraine while it is strengthening the foundations for growth in new areas such as the Mediterranean Basin with the recent acquisition of control of Bank of Alexandria, the third largest bank in Egypt.

The Group's activities are organised in business units.

  • The Territorial Bank Division - including the Italian subsidiary Banks - hinges on a model focused on the support and enhancement of regional brands, upgrading of local commercial positions and strengthening of relations with individuals, small businesses, SMEs and non-profit organisations. Its main activities also include private banking and industrial credit.
  • The Corporate & Investment Banking Division supports the balanced and sustainable development of corporates and financial institutions with a medium-long term view, both nationally and internationally, serving as a "global partner" with an in-depth knowledge of corporate strategies and a complete range of services. Its main activities include M&As and structured finance services, merchant banking, capital markets (Banca Caboto and Banca IMI), global custody along with a presence in 35 countries with a specialist network to facilitate the cross-border activities of its customers. This network comprises branches, representative offices and subsidiaries focused on corporate banking such as ZAO Banca Intesa, set up in 2003, the only Italian banking subsidiary licensed to operate in Russia.
  • The International Subsidiary Banks Division includes retail and commercial banking subsidiaries abroad located in Albania (Banca Italo-Albanese and American Bank of Albania), Bosnia and Herzegovina(UPI Banka and LTG Banka), Croatia (Privredna Banka Zagreb-PBZ), Egypt (Bank of Alexandria), Greece (the Athens and Thessaloniki branches of American Bank of Albania), Hungary (Central-European International Bank-CIB and Inter Europa Banka), Romania (Sanpaolo IMI Romania), the Russian Federation (KMB, a leading bank in the segment of small enterprises), Serbia (Banca Intesa Beograd and Panonska Banka), Slovakia (Vseobecna Uverova Banka-VUB), Slovenia (Koper Banka), the Czech Republic (the Prague branch of VUB), and Ukraine (Ukrsotsbank).
  • In the public finance sector, the Group's subsidiaries Banca Intesa Infrastrutture e Sviluppo and Banca OPI are active in the financing of infrastructures and services for public utility, with specialist product teams and a dedicated network. Taking advantage of its distinctive competences and of the critical mass achieved in Italy in this sector, the Group intends to pursue development opportunities abroad, particularly with respect to the financing of public works in strategic Countries for the Group.
  • The Eurizon Financial Group is the company in which insurance, professional asset management and asset gathering activities of the Group are concentrated.

» Read about Intesa Sanpaolo's AIDS Initiative in Malawi