IWBank S.p.A. is an Italian online
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
owned by
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 ...
. The bank characterises its offer for economic convenience and high technological content.
History
The bank originated from @Imiweb Sim, that Imi Bank started in 1999 as a trading service for its customers. In 2001 it became a bank with the name of Imiweb Bank.
In 2003 Centrobanca (BPU Group investment bank) took over 80% of Imiweb Bank, changing the name in IWBank and achieving an even balance.
The management acquired a 29% stake in 2004 and the offer was extended.
External links
IWBank main website
{{Portal, Banks
Banks of Italy
UBI Banca