The Intesa Sanpaolo Group, with 12 million customers and over 4,600 branches in Italy, is the country’s leading banking group. It is also one of the top banking groups in Europe.
The Group was formed in January 2007 following the merger of Sanpaolo IMI and Banca Intesa. Both these banks were already key players in the Italian market and had contributed to the consolidation process of the country’s banking industry.
The Group has a strategic international presence, with approximately 1,100 branches and 7.7 million customers. It is among the top players in several countries in Central Eastern Europe and in the Middle East and North Africa, through its local subsidiary banks: the Intesa Sanpaolo Group ranks first in Serbia, second in Croatia and Slovakia, fourth in Albania, fifth in Bosnia and Herzegovina, sixth in Egypt and seventh in Hungary and Slovenia.
As at 31 March 2018, the Intesa Sanpaolo Group had total assets of 792,728 million euro, customer loans of 401,033 million euro, direct deposits from banking business of 424,258 million euro and direct deposits from insurance business and technical reserves of 153,056 million euro.
The Group operates through seven business units:
The Banca dei Territori division: focus on the market and centrality of the territory for stronger relations with individuals, small and medium-sized businesses and non-profit entities. The division includes the Italian subsidiary banks and the activities in industrial credit, leasing and factoring carried out through Mediocredito Italiano and in instant banking through Banca 5.
The Corporate and Investment Banking division: a global partner which supports, taking a medium-long term view, the balanced and sustainable development of corporates and financial institutions, both nationally and internationally. Its main activities include capital markets and investment banking carried out through Banca IMI. The division is present in 25 countries where it facilitates the cross-border activities of its customers through a specialist network made up of branches, representative offices, and subsidiary banks focused on corporate banking. The division operates in the public finance sector as a global partner for public administration.
The International Subsidiary Banks division: includes the following commercial banking subsidiaries: Intesa Sanpaolo Bank Albania and Veneto Banka Albania in Albania, Intesa Sanpaolo Banka Bosna i Hercegovina in Bosnia and Herzegovina, Privredna Banka Zagreb and Veneto Banka Croazia in Croatia, the Prague branch of VUB Banka in the Czech Republic, Bank of Alexandria in Egypt, Eximbank in Moldova, CIB Bank in Hungary, Intesa Sanpaolo Bank Romania in Romania, Banca Intesa Beograd in Serbia, VUB Banka in Slovakia, Intesa Sanpaolo Bank in Slovenia and Pravex Bank in Ukraine.
The Private Banking division: serves the customer segment consisting of Private clients and High Net Worth Individuals with the offering of products and services tailored for this segment. The division includes Fideuram - Intesa Sanpaolo Private Banking, with 6,017 private bankers.
The Asset Management division: asset management solutions targeted at the Group’s customers, commercial networks outside the Group, and the institutional clientele. The division includes Eurizon, with 253 billion euro of assets under management.
The Insurance division: insurance and pension products tailored for the Group’s clients. The division includes Intesa Sanpaolo Vita, Fideuram Vita, and Intesa Sanpaolo Assicura with direct deposits and technical reserves of 153 billion euro.
Capital Light Bank: set up to extract greater value from non-core activities through the workout of bad loans and repossessed assets, the sale of non-strategic equity stakes, and proactive management of other non-core assets.