History
At the end of 2009 the shareholders of KMB BANK1 and ZAO Banca Intesa2 made a strategic decision to merge the two banks into one for the further development in the Russian market.
The merger was completed on the 11th of January 2010 when KMB BANK was reorganized by the way of accession to it of ZAO Banca Intesa.
Reorganized bank got the corporate name of the incorporated one Banca Intesa.
Each of the merged banks left its own significant sign in the history of the banking system of Russia.
ZAO Banca Intesa was established by Intesa Sanpaolo in 2003 becoming the first Russian registered fully Italian owned bank. Official ceremony devoted to the opening of the bank took place in April 2004 in presence of prime ministers of Russia and Italy. Until the 2010 the bank provided corporate banking services to the major Russian companies and Italian firms working in Russia.
KMB BANK was set up by the European Bank for Reconstruction and Development in 1992. It was one of the first banks in Russia focused on financing of Small and Medium Enterprise, which had just appeared in Russia in the middle of the ninetieth. KMB BANK became part of Intesa Sanpaolo group in 2005, when the Italian group, going to reinforce its presence on the Russian market, acquired controlling stake of the bank. Due to this deal Intesa Sanpaolo became one of the major foreign investors in the Russian banking sector.
After the successful merge in 2010 Banca Intesa continues development as a full-service bank: it provides banking services to all kinds of enterprises of various areas of the economy and to individuals in 25 Russian regions from Kaliningrad to Vladivostok.
1 Intesa Sanpaolo and EBRD
2 Intesa Sanpaolo
