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The Intesa Sanpaolo Group is the leading banking group in Italy, where it serves about 10.5 million customers, and one of the top banking groups in Europe. It is the result of the merger, effective as of January 1st 2007, of Sanpaolo IMI into Banca Intesa. 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: pension funds (32%), asset management (31%), foreign transactions (27% market share in foreign trade payments), bancassurance (24%), factoring (23%) and banking intermediation (20% in customer loans and deposits). The Group also enjoys strategic coverage 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, Hungary, Serbia and Slovakia, fifth in Bosnia and Herzegovina and seventh in Slovenia; 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 fourth largest bank in Egypt. As at 31st March 2007, the Intesa Sanpaolo Group had total assets of 598,644 million euro, loans to customers of 331,870 million and direct customer deposits of 373,269 million. 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 through a specialist network made up of branches, representative offices and subsidiaries focused on corporate banking. ● The International Subsidiary Banks Division includes retail and commercial subsidiaries abroad which offer their customers ever more competitive, service-led and innovating banking. ● 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. ● The Eurizon Financial Group is the company in which insurance, professional asset management and asset gathering activities of the Group are concentrated. |
