Banca IMI is a
subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...
of
Intesa Sanpaolo
Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity s ...
which is specialized in investment banking and capital markets. The bank can trace its origins to the
Istituto Mobiliare Italiano
Banca IMI is a subsidiary of Intesa Sanpaolo which is specialized in investment banking and capital markets. The bank can trace its origins to the Istituto Mobiliare Italiano. IMI merged with Istituto Bancario San Paolo di Torino to form Sanpaolo ...
. IMI merged with
Istituto Bancario San Paolo di Torino
Istituto Bancario San Paolo di Torino S.p.A., commonly known as just San Paolo, was an Italian bank. It was headquartered in Turin, Piedmont. The bank is the predecessor of Sanpaolo IMI, as well as the current largest bank in Italy in terms of tot ...
to form
Sanpaolo IMI
Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers.
On 24 August 2006 a merger with Banca Intesa was announced, which on 1 December 2006 was app ...
in 1998 (through which a new subsidiary of the new group ''Banca d'Intermediazione Mobiliare'' was created ), which in turn merged with
Banca Intesa
Banca Intesa S.p.A. was an Italian banking group. It was formed in 1998. In the next year the banking group merged with another bank Banca Commerciale Italiana to become IntesaBCi. However, the name of the group was reverted to Banca Intesa in 2 ...
in January 2007. In October Banca IMI (as ''Banca d'Intermediazione Mobiliare IMI S.p.A.'') absorbed the corresponding subsidiary of Intesa:
Banca Caboto
Banca may refer to:
Places
* Bangka Island, an island lying east of Sumatra, part of Indonesia
* Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France
* Banca, Tasmania, a locality in Tasmania, Australia
* ...
to become the new ''Banca IMI S.p.A.''.
References
External links
*
Banks of Italy
Intesa Sanpaolo subsidiaries
Sanpaolo IMI
Banks established in 1931
Italian companies established in 1931
Companies formerly listed on the Borsa Italiana
Companies based in Milan
Formerly government-owned companies of Italy
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