Intesa Sanpaolo

biography

Intesa Sanpaolo
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Intesa Sanpaolo SpA
Logo
Side of Piazza San Carlo Torino.JPG
Palazzo Turinetti, the company’s registered office
State Italy Italy
Company form Joint stock company
Stock Exchanges Borsa Italiana: ISP
ISIN IT0000072618
2007 Foundation in Turin
Founded by Banca Intesa, Sanpaolo IMI
Headquarters Turin, Piazza San Carlo n. 156 [1]
Key people
Gian Maria Gros-Pietro [2] (chairman of the board of directors)
Carlo Messina (managing director and CEO [2])
Banking Sector
Financial Services Products
Turnover of € 17.875 billion (2018)
Net profit € 4.050 billion (2018)
Employees 96.478 (2017)


Data modification


Intesa Sanpaolo SpA [3] is an Italian banking institution active since 1 January 2007, born from the merger between Sanpaolo IMI and Banca Intesa. It has its registered and administrative office in the city of Turin.

The leading banking group in Italy by number of branches and by market share, the company is part of the FTSE MIB index basket and is listed on the Milan Stock Exchange. The share is included in the Euro Stoxx 50 index and in the Euro Stoxx 50 Banks.

Index
1 History
1.1 The origins
1.2 2008-2016
1.3 2017-present
2 Profile
2.1 Business Unit
3 Intesa Sanpaolo in Italy
3.1 Banca dei Territori
3.1.1 Banks no longer operational
3.2 Specialist banks and other companies
3.3 Other shareholdings
4 Intesa Sanpaolo in the world
4.1 Group banks
5 Share capital
6 Shareholding
7 Governance
7.1 Model of governance
7.2 Board of Directors
8 Financial information
9 Intesa Sanpaolo in mass culture
9.1 In the world of sport
9.2 In the cinema
9.3 In art
10 Notes
11 Related items
12 Gallery of images
13 Other projects
14 External links
History [edit | edit wikitesto]
The origins [edit | edit wikitesto]
In 1982 the Banco Ambrosiano is overwhelmed by the events of Roberto Calvi and is put into liquidation. The four private banks and the three public banks that take over the takeover, on the recommendation of the Treasury Minister Nino Andreatta and the Governor of the Bank of Italy Carlo Azeglio Ciampi, entrust the institute’s leadership to Giovanni Bazoli, who becomes its President, guiding the reconstruction and re-launch of the institute.

The bank takes the name of Nuovo Banco Ambrosiano. At the end of 1989, the first concentration was established which in Italy involves two large banks. The Nuovo Banco Ambrosiano and the subsidiary Banca Cattolica del Veneto merge to create the Banco Ambrosiano Veneto. Its commercial network extends both in northern Italy, with the acquisition of the Banca di Trento and Bolzano, and in the southern areas, through the purchase and incorporation of local companies: Banca Vallone, Citibank Italia, the Sicilian Banking Company and the Massicana Bank. In 1997 Banco Ambroveneto proceeded with the purchase of Cariplo, carrying out a privatization operation in the banking sector. Banca Intesa is born from the integration between the two banking groups. During 1998, Banca Intesa acquired the Cassa di Risparmio di Parma and Piacenza and Banca Popolare Friuladria. In 1999 Banca Intesa acquired control of Banca Commerciale Italiana. During 2006, the last merger with Sanpaolo IMI took place.

The merger between the two banks Sanpaolo IMI and Banca Intesa, announced in August 2006, was then implemented in December of the same year, with effect from 1 January 2007, through a merger by incorporation of Sanpaolo IMI into Banca Intesa with a simultaneous change of name shareholder in Intesa Sanpaolo SpA

The new banking company initially adopted the dual governance model, a system of Germanic derivation, introduced with the corporate law reform of 2003, which sees the simultaneous presence of a supervisory board (which exercises many powers traditionally reserved for the assembly) and a management board. Instead, in April 2016 it was passed to the one-tier system.

In 2007, following the merger between Sanpaolo IMI and Banca Intesa, for antitrust reasons Intesa Sanpaolo was forced to cede control of the retail banks Cariparma and FriulAdria (654 branches in all) which were sold to Crédit Agricole SA, former shareholder of Intesa Sanpaolo (with 18%) since 1990 (Banco Ambrosiano).

Again following the merger between Sanpaolo and Intesa, Banca Intesa dissolved the joint venture with Crédit Agricole Caam SGR (Credit Agricole Asset Management Sgr) by repurchasing 65% of Nextra Investment Management, sold to the French in December 2005.

2008-2016


In 2008, the public tender offer was finalized at a price of 6.735 per share against the Cassa di Risparmio di Firenze, which was subsequently delisted.

In 2010 Intesa Sanpaolo passed the stress test carried out by the Committee of European Bankin

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