Intesa Sanpaolo S.p.A. history, profile and corporate video
Intesa Sanpaolo S.p.A. is an Italian banking group headquartered in Turin, Italy. It was formed on January 1, 2007, when two Italian banking groups merged, Banca Intesa and Sanpaolo IMI.
Banca Intesa was created by a merger between Cariplo and Banco Ambrosiano Veneto, in 1998. Banca Commerciale Italiana also joined the group in the following year.
Cariplo Sp.A. is the oldest part of the banking group and it can trace its roots to the Austrian Empire household savings bank Cassa di Risparmio delle Provincie Lombarde, which was established in 1823.
Sanpaolo IMI was also formed by a merger between Istituto Bancario San Paolo di Torino and IMI (Istituto Mobiliare Italiano), in 1998.
The group’s structure is made up of the following divisions:
- The Banca dei Territori division (domestic commercial banking);
- The Corporate and Investment Banking division;
- The International Subsidiary Banks division;
- The Private Banking division;
- The Asset Management division;
- The Insurance division.
With more than 92 000 employees in more than 25 countries, Intesa Sanpaolo S.p.A. is considered one of the largest banking group in Italy. According to Forbes, it is considered one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and ”group.intesasanpaolo.com/en”.
**Video published on YouTube by “Intesa Sanpaolo“.