Intesa Sanpaolo is among the top banking groups in the euro zone, with a market capitalization of 40.5 billion euro (April 29, 2016).
Intesa Sanpaolo is the leader in Italy in all business areas and ranks first in Italy in loans (market share 15.6%) and deposits (16%), asset management (20.5%), factoring (29.9%) and pension funds (21.5%).
Total Assets of the bank amounted to 700.226 billion euro, Loans to Customers to 361.035 billion euro, Direct Deposits from Banking Business to 379.927 billion euro, Direct Deposits from Insurance Business and Technical Reserves to 136.056 billion euro. Shareholders’ Equity amounted to 49.453 billion euro, including Net Income of 806billion euro in IQ 2016.
In Italy the Group offers its services to 11.1 million customers through a network of approximately 4,100 branches well distributed throughout the country with market shares no lower than 13% in most Italian regions.
Intesa Sanpaolo has a selected presence in Central and Eastern Europe and Middle Eastern and North African areas with over 1200 branches and 8.1 million customers belonging to the Group’s subsidiaries operating in retail and commercial banking in 12 countries. Moreover, an international network of specialists in support of corporate customers spreads across 28 countries, in particular in the Middle East and North Africa and in those areas where Italian companies are most active, such as the United States, Russia, China and India.
Intesa Sanpaolo was created on January 1, 2007 through the merger of two leading Italian banking groups, Banca Intesa and Sanpaolo IMI.
Banca Intesa was formed in 1998 from the merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo), established in 1823, and Banco Ambrosiano Veneto, founded in 1925. In 1999, Banca Commerciale Italiana (BCI) joined the Intesa Group. Founded in 1894, Banca Commerciale Italiana was an important component of the Italian banking system and had the greatest presence abroad. In 2001 Banca Commerciale Italiana was merged into Banca Intesa.
Sanpaolo IMI was formed in 1998 from the merger of Istituto Bancario San Paolo di Torino and IMI (Istituto Mobiliare Italiano). These two banks were highly complementary: Istituto Bancario San Paolo di Torino was specialized in retail lending, IMI, a public entity founded in 1931 to support the reconstruction of the national industrial system, was a leading business and investment bank.
Banco di Napoli, which was incorporated into Sanpaolo IMI in 2000, was founded as long ago as 1539, and Istituto Bancario San Paolo di Torino has its roots in the Monte di Pieta founded in Turin in 1563.
Additional information in English and Italian is available on Intesa Sanpaolo website www.intesasanpaolo.com.