Intesa Sanpaolo

Intesa Sanpaolo S.p.A. is an Italian banking group resulting from the merger of Banca Intesa and Sanpaolo IMI based in Torre Intesa Sanpaolo, Turin, Italy. In 2014 it was the largest banking group in Italy by market capitalization, and second by total assets.[7][8] The bank has also experienced growth in the international market, focused in Central-Eastern Europe, the Middle East and North Africa.[9]

When it was formed in 2007 it overtook Unicredit Group as the largest bank in Italy with 13 million customers and US$690 billion worth of assets.[10] By 2010 its assets had grown to US$877.66 billion, ranking 26th in Forbes Global 2000.[11][12] The company is a component of the Euro Stoxx 50 stock market index.[13] In August 2018, Intesa Sanpaolo launched XME pay digital wallet.[14][15]

Intesa Sanpaolo S.p.A.
Listed
Traded asBITISP
FTSE MIB Component
ISINIT0000072618
IndustryFinancial services
Predecessors
Founded2007
HeadquartersTorre Intesa Sanpaolo, Turin, Italy
Number of locations
5,843 branches(end 2017)
4,694 in Italy
1,149 abroad
Areas served
Key people
Products
Increase €7 billion (2017)
Total assetsIncrease €796 billion (end 2017)
Total equityIncrease €56 billion (end 2017)
Number of employees
Increase 96892 (end 2017)
Capital ratioIncrease 13.3% (Group CET1, end 2017)
Rating
BBB(Fitch, Dec.2017)[1]
baa3(Moody's, Feb.2018)[2]
Websitewww.intesasanpaolo.com
Footnotes / references
in consolidated financial statement;[3] other source[4][5][6]

History

Banca Intesa and Sanpaolo IMI, the two banks that merged in 2007 to create Intesa Sanpaolo, were themselves the product of many mergers.[16] Cariplo and Banco Ambrosiano Veneto merged in 1998 to form Banca Intesa. The following year Banca Commerciale Italiana joined the group. Sanpaolo IMI was born in 1998 following the merger of Istituto Bancario San Paolo di Torino, which specialized in retail banking, and IMI (Istituto Mobiliare Italiano), an investment bank.[16]

Banca Intesa

The oldest part of the banking group is Cariplo Sp.A.. which traces its roots to Austrian Empire household savings bank Cassa di Risparmio delle Provincie Lombarde which was established in 1823 in Milan. The cassa di risparmio was started by an Italian philanthropic group, the Central Committee of Charity; a response by the government to the hard economic times of the early 19th century. In the early 20th century the bank helped Italian companies in the North obtain capital during and after World Wars 1 and 2, chiefly under the guidance of Giordano Dell'Amore. Banking reforms in 1990 started by Giuliano Amato (Amato Law; it:Legge Amato) led to the restructuring/reorganization of banks by forcing the government to relinquish control of them (the result was a more market driven bank that focused less on social programs/social causes were abandoned).[17]

Cariplo SpA was formed in 1991 when Cassa di Risparmio delle Provincie Lombarde (sold by Ente Cassa di Risparmio delle Provincie Lombarde ) merged with its subsidiary IBI. Banco Ambrosiano Veneto originated with Nuovo Banco Ambrosiano and Banca Cattolica del Veneto which merged in 1989. The bank increased in size during the 1990s due to numerous acquisitions (Citibank Italia, Banca Vallone di Galatina and European securities dealer Caboto among others).

Banca Commerciale Italiana

119MilanoCaSass
Intesa Sanpaolo secondary headquarters. Ca' de Sass building, Milan

Banca Commerciale Italiana (BCI) started in 1894 as a corporate loans lender operating in the commercial industry of Northern Italy. In 1994 Mediobanca purchased an interest in BCI (ironically BCI was one of the 3 banks that formed Mediobanca almost 50 years earlier). BCI tried to acquire Banco Ambrosiano Veneto the same year but was spurned by shareholders who wouldn't accept the US$1.13 billion offer. In 1999 Italy's largest bank Unicredit Group at the time, attempted a hostile takeover of BCI but failed due to Mediobanca's interest in the company (Mediobanca wanted to merge Banca di Roma with BCI)[18] BCI merged with the former Banca Ambrosiano and Cariplo in 1998 to form a financial institution renamed Banca Intesa in 2003.

Sanpaolo IMI

Sanpaolo IMI was formed in 1998 when Istituto Bancario San Paolo di Torino and Istituto Mobiliare Italiano (IMI) merged, (IMI itself was established in 1931) in a US 37.8 billion dollar deal.[10]

Intesa Sanpaolo

Intesa Sanpaolo Tower
Intesa Sanpaolo new headquarters. Torre Intesa Sanpaolo, Turin

In January 2007, Banca Intesa and Sanpaolo IMI, two of the three largest bank of Italy, officially merged.[19]

As part of the authorization of the merger, the Italian Competition Authority (AGCM) forbid Intesa Sanpaolo to open any new branches for two years in the provinces of Udine and Gorizia (Friuli – Venezia Giulia region), provinces of Rovigo and Padua (Veneto region), Aosta Valley, provinces of Biella and Alessandria (Piedmont region), Province of Bolzano (South Tyrol), Province of Bologna (Emilia-Romagna region), Province of Pavia (Lombardy region), Province of Naples (Campania region), Province of Imperia (Liguria region), provinces of Sassari and Cagliari (Sardinia Island), Province of Rieti (Lazio region), province of Terni (Umbria region), Province of Pesaro-Urbino (Marche region), Province of Pescara (Abruzzo region) and Province of Catanzaro (Calabria region).[20]

The French banking group Crédit Agricole started to spin off from Intesa Sanpaolo, by acquiring Cariparma, FriulAdria in 2007 and Carispezia in 2011, as well as branches from Intesa Sanpaolo. In 2012, Crédit Agricole sold all the shares of Intesa Sanpaolo.

In December 2007, Cassa di Risparmio di Biella e Vercelli was also sold to Banca Monte dei Paschi di Siena for €399 million.[21]

In 2008, Intesa Sanpaolo acquired Banca CR Firenze. In December 2008, Cassa di Risparmio di Fano was sold to Credito Valtellinese.

In 2009, group acquisitions included a 30% interest in business info company MF Honyvem, and an increased stake in Alitalia – Compagnia Aerea Italiana up to 33.3%[22] Even though the bank was rumoured to have been working with the government to keep Air France from acquiring a stake in Alitalia, Air France eventually acquired 25%.[23][24] Alitalia – Compagnia Aerea Italiana sold part of its stake in the airline to Etihad Airways in 2015.

From 2012 to 2013, Intesa Sanpaolo write down the value of investment in Banca delle Marche (a minority interests of 5.84% share capital) for a total of €90 million (€18 + 72 million), as well as €26 million for a minority stake in Cassa di Risparmio della Provincia di Chieti in 2014. The shareholders of the banks was bail-in in the rescue plan in 2015.

In 2014, Cassa di Risparmio di Venezia and Banca di Credito Sardo were absorbed into Intesa Sanpaolo. The 2014–17 business plan of the bank stated that the banking group would simplified their legal structure.

In 2015, local banks Banca Monte Parma, Banca di Trento e Bolzano, Cassa di Risparmio di Civitavecchia, Cassa di Risparmio di Rieti and Cassa di Risparmio della Provincia di Viterbo were absorbed into Intesa Sanpaolo. Banca dell'Adriatico and Casse di Risparmio dell'Umbria were planned to be absorb by Intesa Sanpaolo in mid-2016. A unified website was also used for the remaining retail banks of the group in 2016.

In 2016–17, the banking group also sold their non-core businesses, such as the 0.49% ordinary shares of Visa Europe in cash plus share deal;[25] Intesa Sanapolo Card and subsidiary Setefi to Mercury (the parent company of Istituto Centrale delle Banche Popolari Italiane) for €1.035 billion[26][27] and 4.88% shares of Bank of Italy to the bank's shareholders Compagnia di San Paolo, Fondazione Cariplo and the pension funds of the group for €366 million.[28]

On 26 June 2017,[29] as part of a government funded bail-out of the depositors (and the bail-in of the investors of the failed banks), Intesa Sanpaolo acquired the good assets of Banca Popolare di Vicenza (BPVi) and Veneto Banca, including some of the subsidiaries such as Banca Apulia and Banca Nuova. The branches of BPVi and Veneto Banca would at first became branches of Intesa Sanpaolo, but some of them would be closed down in the near future for efficiency, as Intesa Sanapolo was also one of the major bank in Veneto region which the failed banks based. In October 2017, the plan to absorb Banca Nuova into Intesa Sanpaolo was also announced. In December 2017, the plan to absorb Cassa di Risparmio del Friuli Venezia Giulia was announced. On 6 February 2018, 10 further mergers were announced in the 2018–2021 business plan: Banco di Napoli. Banca CR Firenze, CR Pistoia e della Lucchesia, CR Veneto, Carisbo, Cariromagna, Banca Apulia, Banca IMI, Banca Prossima and Mediocredito Italiano.[30]

Major shareholders

As of 16 May 2018[31]

Intesa Sanpaolo's shareholders with more than a 3% stake

Shareholder Stake (% of ordinary shares)
Compagnia di San Paolo 9.888%
Fondazione Cariplo 4.680%

Many shareholders of the group were the former owner (foundation) of the saving banks that were acquired by Intesa and Sanapaolo IMI through shares swap. For example, as of 31 December 2013, Fondazione Carisap (Ascoli) held 0.3537% shares,[32] Fondazione Carisbo (Bologna) held 2.023%,[33] Fondazione Cariparma (Parma, now part of Crédit Agricole Group) held 0.67%,[34] Fondazione Carispezia (La Spezia, now part of Crédit Agricole Group) held 0.25%,[35] Fondazione di Venezia (Venice) held 0.33215%.[36]

Corporate Governance

Intesa Sanpaolo has a single-tiered corporate governance system in which the Board of Directors alone are in charge of strategic supervision and control. The latter duty is carried out by the Management Control Committee instead of the Board of Directors itself. The bank adopted this single-tiered system in April 2016, replacing the former two-tiered structure. Previously, the supervisory board exercised control and strategic management functions, whereas the management board oversaw the management of the company’s business. The supervisory board was appointed by shareholders in their annual meeting. It supervised the activities carried out by the management board and, in particular, approved the main strategic initiatives proposed by the management board. The management board appointed one of its members to be the CEO.[37][38]

Board of directors

Members were appointed on April 27, 2016 for the following financial years: 2016, 2017 and 2018.[6]

Position Name
Chairman Gian Maria Gros-Pietro
Deputy chairperson Paolo Andrea Colombo
Managing director and CEO Carlo Messina[39]
Director Bruno Picca
Director Rossella Locatelli
Director Giovanni Costa
Director Livia Pomodoro
Director Giovanni Gorno Tempini
Director Giorgina Gallo
Director Franco Ceruti
Director Gianfranco Carbonato
Director Francesca Cornelli
Director Daniele Zamboni
Director Maria Mazzarella
Director Maria Cristina Zoppo
Director Edoardo Gaffeo
Director Milena Teresa Motta
Chairman of the Management Control Committee Marco Mangiagalli
Director Alberto Maria Pisani

Financial information

Table with a comparison of Intesa Sanpaolo financial performance over the last years.[6]

Year Net income (million €) Total assets (million €) Total equity (million €)
2017[3] 7,354 (with 3.500 billion one-off revenue from Italian government) 796,861 56,205
2016 3,111 725,100 48,911
2015 2,739 676,568 47,776
2014 1,251 646,427 44,683
2013 -4,550 624,179 44,520
2012 1,605 673,472 49,613
2011 -8,190 639,221 47,040
2010 2,705 657,025 53,533
2009 2,805 624,844 52,681
2008 2,533 636,133 48,954

Business Units

The group's operations are segmented into 7 parts[40]

  • Banca dei Territori - By far the largest division this is the company's domestic commercial bank in Italy. Subsidiaries include Mediocredito Italiano, Banca Prossima and Banca 5.
  • Corporate and Investment Banking - Present in 29 countries this division acts as a "global partner" supporting the development of financial institutions, both nationally and internationally.
  • International Subsidiary Banks - Present in 10 countries spanning central eastern Europe, the Middle East, and North Africa.
  • Insurance Division includes subsidiaries Fideuram Vita, Intesa Sanpaolo Assicura and Intesa Sanpaolo Vita
  • Capital Light Banks includes Intesa Sanpaolo Re.O.CO.
  • Eurizon Capital - One of Italy's largest asset manager[41] that invests in such things as bonds (including government), publicly traded companies and also engages in short term borrowing and lending.
  • Private Bank Division - includes Intesa Sanpaolo Private Banking, Sirefid, Intesa Sanpaolo Private Banking Suisse and Banca Fideuram that offers financial advice services. It was created in 1968 as a subsidiary of IMI (later merged with Sanpaolo and then Banca Intesa to form the current company) with the purpose of managing IMI's Luxembourg mutual fund business. In 1992 it was merged with another subsidiary Manusardi, that is when it officially became Banca Fideuram. In 1997 it entered the private banking industry, 2000 it became a broker after acquiring French Company Groupe Wargny (was established in 1806, some of the Wargny business was sold in 2007) then in 2004 its parent company IMI took over its life insurance business. Its association with US company Frank Russell group gave it a foothold in the personal financial planning market.[42][43]

Subsidiaries

In addition to its strong presence in Italy, Intesa Sanpaolo has branches and representative offices around the world. The Group also directly controls many foreign banks, especially in Central-Eastern Europe and Middle East and North Africa, with around 1,600 branches and about 8.3 million clients operating in retail and commercial banking.[40][44]

Intesa Sanpaolo Banka d.d. Bosna i Hercegovina Bosnia and Herzegovina
Banca Fideuram Italy
Banca Intesa Beograd Serbia
Intesa Sanpaolo Bank - (Banka Koper) Slovenia
CIB Bank Hungary
Intesa Sanpaolo Bank Albania Albania
Bank of Alexandria Egypt
Pravex Bank Ukraine
Bank Intesa Russia
Všeobecná úverová banka Slovakia
Intesa Sanpaolo Romania SA Romania
Privredna banka Zagreb Croatia

Photo gallery

Lato piazza San Carlo Torino

Intesa Sanpaolo former headquarters in piazza San Carlo, Turin

Palazzo delle colonne, esterno 22

Intesa Sanpaolo building Palazzo delle Colonne, Milan

Palazzo delle colonne, interno 01
Palazzo delle colonne, interno 06
Palazzo delle colonne, interno 15
Palazzo delle colonne, interno 19

See also

References

  1. ^ "Fitch Affirms Intesa Sanpaolo at 'BBB'; Outlook Stable" (Press release). Fitch. 16 December 2017. Retrieved 21 May 2018 – via Reuters.
  2. ^ "Rating Action: Moody's affirms Intesa Sanpaolo's ratings" (Press release). Moody's. 16 February 2018. Retrieved 21 May 2018.
  3. ^ a b "Annual Report 2017" (PDF). Intesa Sanapolo. Retrieved 21 May 2018.
  4. ^ "Biographies". Intesa Sanpaolo.
  5. ^ Intesa Sanpaolo Businesses Intesa Sanpaolo
  6. ^ a b c "Company profile". Borsa Italiana. Retrieved April 24, 2015.
  7. ^ "Borsa Italiana - CAPITALISATION FTSE MIB BASKET ON 29.01.2016". Retrieved 4 March 2016.
  8. ^ "LE PRINCIPALI BANCHE ITALIANE" (PDF) (in Italian). Ricerche e Studi. 10 November 2015. Retrieved 21 February 2016.
  9. ^ "Annual Report 2011". Intesa Sanpaolo. Retrieved 12 October 2012.
  10. ^ a b Timmons, Heather (2006-08-28). "Italy's Creation of a Banking Giant Is Seen as a Precursor". The New York Times.
  11. ^ "The Global 2000 - Forbes.com". www.forbes.com. Retrieved 2019-07-16.
  12. ^ Intesa Sanpaolo S.P.A.
  13. ^ Frankfurt Stock Exchange Archived 2015-11-19 at the Wayback Machine
  14. ^ "Intesa Sanpaolo lancia il portafoglio digitale XME Pay - FIRSTonline". FIRSTonline (in Italian). 2018-08-13. Retrieved 2018-09-11.
  15. ^ "XME Pay: nuova funzionalità per app Intesa Sanpaolo Mobile". Lettera43 (in Italian). 2018-08-14. Retrieved 2018-09-11.
  16. ^ a b "History". Intesa Sanpaolo. Retrieved December 14, 2012.
  17. ^ "Italy, Europe and Financial Regulation". users.ox.ac.uk. Retrieved 2019-07-16.
  18. ^ Decision time is near for BCI, Banca di Roma
  19. ^ "Quotazioni, Azioni, Obbligazioni, ETF, Fondi, Indici - Borsa Italiana" (PDF). www.borsaitaliana.it. Retrieved 2019-07-16.
  20. ^ "Provvedimento n. 16249 C8027 - BANCA INTESA/SANPAOLO IMI" (PDF) (in Italian). Autorità Garante della Concorrenza e del Mercato. 20 December 2006. Retrieved 5 March 2016.
  21. ^ "Joint Press Release Sale of 55% of Biverbanca Finalised". Intesa Sanpaolo & Banca Monte dei Paschi di Siena. 20 December 2007. Retrieved 16 February 2016.
  22. ^ "Leali, Other Investors Buy Alitalia Cargo Unit, Corriere Says". 2009-04-02.
  23. ^ Owen, Richard (2008-03-22). "Silvio Berlusconi may save Alitalia from Air France". The Times. London.
  24. ^ "Intesa CEO attacks French purchase of Alitalia". Reuters. 2007-12-10. Retrieved 2019-07-16.
  25. ^ "Intesa Sanpaolo Sells Stake in Visa Europe to Visa Inc". Intesa Sanpaolo. 21 June 2016. Retrieved 13 February 2017.
  26. ^ "Intesa Sanpaolo Signs Agreement for Sale of Setefi and Intesa Sanpaolo Card to Advent, Bain Capital and Clessidra". Intesa Sanpaolo. 2 May 2016. Retrieved 13 February 2017.
  27. ^ "ntesa Sanpalo Finalizes Sale of Setefi and Intesa Sanpaolo Card to Advent, Bain Capital and Clessidra". Intesa Sanpaolo. 15 December 2016. Retrieved 13 February 2017.
  28. ^ "Intesa Sanpaolo: Board of Directors Passes Resolution Authorising the Sale for 4.88% of Bank of Italy Capital". Intesa Sanpaolo. 3 February 2017. Retrieved 13 February 2017.
  29. ^ "Intesa Sanpaolo signs contract to acquire certain assets and liabilities of Banca Popolare di Vicenza and Veneto Banca". Intesa Sanpaolo. 26 June 2017. Retrieved 26 June 2017.
  30. ^ "2018-2021 Business Plan" (Press release). Intesa Sanpaolo. 6 February 2018. Retrieved 11 February 2018.
  31. ^ http://www.consob.it/
  32. ^ "bilancio 2013" (PDF) (in Italian). Fondazione Carisap. 22 April 2014. Retrieved 27 March 2015.
  33. ^ "bilancio 2013" (PDF) (in Italian). Fondazione Carisbo. 22 April 2014. Archived from the original (PDF) on 25 March 2015. Retrieved 27 March 2015.
  34. ^ "bilacnio 2013" (in Italian). Fondazione Cariparma. 30 April 2014. Retrieved 27 March 2015.
  35. ^ "bilancio 2013" (PDF) (in Italian). Fondazione Carispezia. 7 May 2014. Retrieved 27 March 2015.
  36. ^ "2013 bilancio" (PDF) (in Italian). Fondazione di Venezia. 19 January 2015. Retrieved 27 March 2015.
  37. ^ "CSR Europe: "Intesa Sanpaolo issues Sustainability Report 2015"". Retrieved 14 October 2016.
  38. ^ "Intesa Sanpaolo - Board of Directors". Retrieved 14 October 2016.
  39. ^ "Intesa Sanpaolo board tasks CEO with completing purchase of Veneto banks' assets". Reuters. June 25, 2017. Retrieved October 23, 2017.
  40. ^ a b "About us". Intesa Sanpaolo. Retrieved November 26, 2012.
  41. ^ "Eurizon Capital SGR implements Charles River Trader". Retrieved November 26, 2012.
  42. ^ "Google Translate". translate.google.ca. Retrieved 2019-07-16.
  43. ^ Sanpaolo SEC
  44. ^ "Institutional brochure" (PDF). Intesa Sanpaolo. p. 23. Retrieved November 26, 2012.

External links

Banca Apulia

Banca Apulia S.p.A. marketed as BancApulia is an Italian bank incorporated in San Severo, in the Province of Foggia, Apulia region (Italian: Puglia). The main office of the bank was located in Bari, in the centre of Apulia region instead. The bank was takeover by Intesa Sanpaolo, after the previous owner was under administration and then being liquidated.

Banca CR Firenze

Banca Cassa di Risparmio di Firenze S.p.A. known as Banca CR Firenze, was an Italian savings bank. Once a listed company, the group now part of Intesa Sanpaolo since 2007.

Banca IMI

Banca IMI is a subsidiary of Intesa Sanpaolo which is specialized in investment banking and capital markets. The bank can trace its origins to the Istituto Mobiliare Italiano. IMI merged with Istituto Bancario San Paolo di Torino to form Sanpaolo IMI in 1998 (through which a new subsidiary of the new group Banca d'Intermediazione Mobiliare was created ), which in turn merged with Banca Intesa in January 2007. In October Banca IMI (as Banca d'Intermediazione Mobiliare IMI S.p.A.) absorbed the corresponding subsidiary of Intesa: Banca Caboto to become the new Banca IMI S.p.A..

Banca Intesa

Banca Intesa S.p.A. was an Italian banking group. It was formed in 1998. In the next year the banking group merged with another bank Banca Commerciale Italiana to became IntesaBCi. However, the name of the group was reverted to Banca Intesa in 2003. In 2007 Banca Intesa merged with another banking group Sanpaolo IMI to become Intesa Sanpaolo, one of few domestic systemically important bank of Italy.

Banca Monte Parma

Banca Monte Parma was an Italian regional bank, active in the provinces of Parma, Piacenza and Reggio-Emilia. In mid-2015 it was absorbed into the parent company.

Banca dell'Adriatico

Banca dell'Adriatico S.p.A. was an Italian regional bank based in Pesaro, Marche. The bank was a subsidiary of Intesa Sanpaolo.

Banco di Napoli

Banco di Napoli S.p.A., among the oldest banks in the world, was an Italian banking subsidiary of Intesa Sanpaolo group, as one of the 6 retail brands other than "Intesa Sanpaolo". It was acquired by the Italian banking group Sanpaolo IMI (the predecessor of Intesa Sanpaolo) in 2002 and ceased being an independent bank. In February 2018, Intesa Sanpaolo announced their new business plan, which would retire Banco di Napoli and other brands; the legal person of Banco di Napoli would be absorbed into Intesa Sanpaolo S.p.A.

CIB Bank

CIB Bank is the second-biggest commercial bank in Hungary, after the 1 January 2008 merger with Inter-Európa Bank. This follows the 2007 merger of their respective Italian parent companies, Banca Intesa and Sanpaolo IMI to form Intesa Sanpaolo.

Carispezia

Crédit Agricole Carispezia S.p.A. formerly known as Cassa di Risparmio della Spezia S.p.A., or Carispezia in short, is an Italian savings bank, which is part of Crédit Agricole Italia, the Italian arm of French banking group Crédit Agricole.

Since 2016 the brand Crédit Agricole Italia was used for the whole banking group.

Cassa di Risparmio di Fermo

Cassa di Risparmio di Fermo S.p.A. (Carifermo) is an Italian savings bank based in Fermo, Marche region.

Cassa di Risparmio di Orvieto

Cassa di Risparmio di Orvieto S.p.A. is an Italian bank based in Orvieto, in the Province of Terni, Umbria.

Cassa di Risparmio di Venezia

Cassa di Risparmio di Venezia S.p.A. known as Carive or CR Venezia in short, is a former Italian savings bank, based in Venice, Veneto. It was a subsidiary of Intesa Sanpaolo. The former owner of the bank, Fondazione di Venezia, still acts as a charity organization.

Casse di Risparmio dell'Umbria

Casse di Risparmio dell'Umbria S.p.A. known as Casse dell'Umbria is an Italian retail bank based in Terni, Umbria. The bank is a subsidiary of Intesa Sanpaolo (via Banca CR Firenze).

The headquarter of the bank was next to Fondazione Cassa di Risparmio di Terni e Narni (Fondazione Carit) on Corso Tacito, Terni (49 and 49/A respectively).

Fondazione Cariplo

Fondazione Cariplo is a charitable foundation in Milan, Italy. It was created in December 1991 when the Amato law, Law no. 218 of 30 July 1990, came into force. Under this law, saving banks were required to separate into a not-for-profit foundation and a commercial banking arm. The Cassa di Risparmio delle Provincie Lombarde, commonly known as Cariplo, was divided into the Fondazione Cariplo and Cariplo SpA, the bank, which merged with Ambroveneto in 1998.As at 31 December 2014, the organisation had a shareholders equity of €6,889,487,562.

FriulAdria

Crédit Agricole FriulAdria S.p.A. formerly known as Banca Popolare FriulAdria S.p.A., or known as FriulAdria in short (abb. of Friuli and Adriatic Sea), is an Italian bank, which is part of Crédit Agricole Italia, the Italian arm of French banking group Crédit Agricole.

Since circa 2016 one website was used for the whole Italian banking group.

Intesa Sanpaolo Bank (Albania)

Intesa Sanpaolo Bank Albania was born in 2008 from the merger of two important Banks of the country Banca Italo-Albanese (founded in 1993) and the American Bank of Albania (founded in 1998), both acquired from Intesa Sanpaolo Group.

Mediocredito Italiano

Mediocredito Italiano S.p.A. (MCI) is an Italian commercial bank based in Milan, Lombardy region.

Palazzo Brentani

The Palazzo Brentani is a historic mansion located in the centre of Milan, Italy, at Via Manzoni number 6. Both this palace and the adjacent Palazzo Anguissola sport Neoclassical facades, designed by Luigi Canonica in 1829.

Palazzo della Banca Commerciale Italiana

The Palace of the Banca Commerciale Italiana (in Italian, Palazzo della Banca Commerciale Italiana) is a historic building of Milan, Italy, located in Piazza della Scala, in the city centre. It was designed by architect Luca Beltrami in the early 20th century for Banca Commerciale Italiana (BCI, an Italian bank), and it is still in use as a seat of the company (now merged into Banca Intesa). Since 2011 it hosts the Gallerie di Piazza Scala where are exposed many artworks from the collections of Fondazione Cariplo.

Central bank
Public banks
Global banks
(Supervised by ECB)
Nationwide and multi-regional banks
(Supervised by ECB)
Multi-regional
(total assets €30b to €8b)
Multi-regional and
regional cooperative bank
(Popolari banks)
Co-operative banks (BCC)
and central banks
Regional retail bank
others
Foreign banks
Ancient banks
Related topics
Italy Insurance companies of Italy
Italian insurance companies
Italian banks with insurance subsidiaries
Italian banks with insurance joint ventures
Italian banks with foreign insurance joint ventures
foreign companies with Italian insurance subsidiaries
related topics
Europe Selected members of the Euro Banking Association
Austria
Belgium
Cyprus
Denmark
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Luxembourg
Netherlands
Poland
Portugal
Slovenia
Spain
Sweden
United
Kingdom
Non-EU
Banking in Europe
Sovereign states
States with limited
recognition
Dependencies and
other entities
European Union Euro Stoxx 50 companies of the Euro Area
FTSE MIB companies of Italy

Languages

This page is based on a Wikipedia article written by authors (here).
Text is available under the CC BY-SA 3.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.