Samiksha Jaiswal (Editor)

Banca Intesa

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Type
  
Public

Revenue
  
€ 9.726 bn (2004)

Headquarters
  
Milan, Italy

Motto
  
--

Industry
  
Bank

Number of employees
  
56,958 (2004)

Founded
  
1 January 1998

Ceased operations
  
2007

Banca Intesa httpsuploadwikimediaorgwikipediait998Log

Key people
  
Giovanni Bazoli, Chairman Corrado Passera, CEO

Products
  
Commercial banking, Investment banking, Private banking, Asset management

CEO
  
Carlo Messina (29 Sep 2013–)

Predecessors
  
Cassa di Risparmio delle Provincie Lombarde, Banco Ambrosiano Veneto

Banca intesa stambeni krediti


Banca Intesa S.p.A. was an Italian bank formed in 1998 from the merger of Cassa di Risparmio delle Provincie Lombarde (a.k.a. Cariplo) and Banco Ambrosiano Veneto (former Banco Ambrosiano).

Contents

Banca intesa intermezzo ke load


Description

In 1999 Banca Commerciale Italiana entered the group, which pursuant to the merger in 2001 changed its name in IntesaBCi; on 1 January 2003, the group's name changed to Banca Intesa. The group also acquired many regional banks, such as Cariparma and FriulAdria (both sold to Crédit Agricole after 2007 merger), Carisap, Carifol

However also sold some of them, for example Carispezia (to Banca CR Firenze in 2004), Cassa di Risparmio di Alessandria, Banca di Legnano (to Banca Popolare di Milano), Cassa di Risparmio di Carrara (to Banca Carige) and Banca Carime (to Banca Popolare Commercio e Industria in 2001).

Crédit Agricole was the major shareholder of the group for 25.51% in circa before the merger of Intesa with BCI.

In 2007, Sanpaolo IMI merged into Banca Intesa and name changed to Intesa Sanpaolo SpA.

Activity

Banca Intesa S.p.A. focuses in four main business areas.

  • The Retail Division serves individuals, small businesses, small and medium enterprises and non-profit organizations; its main activities include retail banking, wealth management, private banking and industrial credit.
  • The Corporate Division serves mid and large corporates, financial institutions and public administrations; its main activities include mergers and acquisitions and structured finance services, merchant banking, capital market, global custody, and the specialized international network.
  • The Italian Subsidiary Banks Division includes banking subsidiaries rooted in regional markets.
  • The International Subsidiary Banks Division involves subsidiaries abroad, providing retail and commercial banking services mainly in Central-Eastern Europe. Banca Intesa has branches and representative offices in Europe, Asia, Latin and North America, and Africa.

    • Banca Intesa and Sanpaolo IMI announced, in August 2006, that they will merge to found Italy's biggest and Europe's third largest banking group in terms of total assets. The effective merger date is 1 January 2007 and adopts the name of "Intesa Sanpaolo S.p.A.". The registered office of the new bank is in Turin and Milan shall remain as the secondary registered office.

    Ownership

    Prior the merger effective on 1 January 2007, the ownership ratio was as follow:

  • Crédit Agricole 17.84%
  • Fondazione Cariplo 9.22%
  • Generali Group (Assicurazioni Generali, Alleanza Assicurazioni and others) 7.54%
  • Fondazione Cariparma 4.33%
  • Gruppo Lombardo (Banca Lombarda e Piemontese, Banco di Brescia and others) 4.88%

    • References

    Banca Intesa Wikipedia
    (Text) CC BY-SA