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 Banca Commerciale Italiana (COMIT), founded in 1894, was once one of the largest banks in Italy. In 1999 it merged with a banking group consisting of Cassa di Risparmio delle Provincie Lombarde (aka Cariplo; est. 1823) and Banco Ambroveneto, wh ...

to become IntesaBCi. However, the name of the group was reverted to Banca Intesa in 2003. In 2007 Banca Intesa merged with another banking group

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 ...

to become Intesa Sanpaolo, one of few domestic systemically important bank of Italy.

History

Banca Intesa was formed in 1998 from the merger of

Cassa di Risparmio delle Provincie Lombarde Cassa di Risparmio delle Provincie Lombarde known as Cariplo SpA, was an Italian bank. On 2 January 1998 the bank merged with Banco Ambrosiano Veneto to form Banca Intesa. The company became a short-lived sub-holding company in late 1990s, which w ...

(Cariplo) and Banco Ambrosiano Veneto (former

Nuovo Banco Ambrosiano The Nuovo Banco Ambrosiano was the bank replacing the Banco Ambrosiano after its collapse. In 1989 the bank merged with the ''Banca Cattolica del Veneto'' (Catholic Bank of Veneto) to form the ''Banco Ambrosiano Veneto''. In 1998 the latter bank f ...

and its predecessor Banco Ambrosiano, as well as

Banca Cattolica del Veneto Banca Cattolica del Veneto was an Italian bank based in Vicenza, Veneto. in 1989 it was merged with Nuovo Banco Ambrosiano to form Banco Ambrosiano Veneto. History Founded in 1892 as Banca Cattolica Vicentina by the Catholic church, in 1930 the ...

). In 1999

entered the group, which pursuant to the merger in 2001 changed its name in IntesaBCi; on 1 January 2003, the group's name changed to Banca Intesa. The group also acquired many regional banks, such as Cariparma,

FriulAdria Crédit Agricole FriulAdria S.p.A. formerly known as Banca Popolare FriulAdria S.p.A., or known as FriulAdria in short (abb. of Friuli and Adriatic Sea), is an Italian bank, which is part of Crédit Agricole Italia, the Italian arm of French bank ...

(both sold to

Crédit Agricole Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second lar ...

after 2007 merger),

Carisap Cassa di Risparmio di Ascoli Piceno known as Carisap, is a former Italian regional bank based in Ascoli Piceno, Marche. A subsidiary of Intesa Sanpaolo, the bank merged with another subsidiary of the group, Banca dell'Adriatico in 2013. The former ...

, Carifol, etc. However, Intesa also sold some of them, for example

Carispezia Crédit Agricole Carispezia S.p.A. formerly known as Cassa di Risparmio della Spezia S.p.A., or Carispezia in short, is an Italian savings bank, which is part of Crédit Agricole Italia, the Italian Italian(s) may refer to: * Anything of, from, ...

(to

Banca CR Firenze Banca Cassa di Risparmio di Firenze S.p.A. known as Banca CR Firenze, was an Italian savings bank. Once a listed company, the group now part of Intesa Sanpaolo since 2007. History Cassa di Risparmio di Firenze (The Saving Bank of Florence) was fou ...

in 2004), Cassa di Risparmio di Alessandria,

Banca di Legnano Banca di Legnano was an Italian bank based in Legnano, Lombardy. The bank was absorbed into the parent company Banca Popolare di Milano in 2013. History Banca di Legnano was a subsidiary of Banca Commerciale Italiana (BCI) for 55% shares. In 1999, ...

(to

Banca Popolare di Milano Banca Popolare di Milano S.p.A. also known as Bipiemme or just BPM is an Italian bank based in Milan, Lombardy. The bank is a wholly owned subsidiary of Banco BPM. Banca Popolare di Milano S.c. a r.l., an urban area cooperative bank, was founded ...

), Cassa di Risparmio di Carrara (to

Banca Carige Banca Carige Società per azioni, S.p.A., historically known as Cassa di Risparmio di Genova e Imperia (Ca.Ri.Ge.) is an List of Italian banks, Italian bank based in Genoa, with more than 500 bank branches in Italy. The predecessor of the bank, a ...

) and

Banca Carime Banca Carime S.p.A. was an Italian bank based in Cosenza, Calabria. The bank was a subsidiary of UBI Banca. As of 31 December 2015, the bank had 216 branches (all located in Southern Italy), serving Calabria (84 branches), Apulia (93 branches), ...

(to

Banca Popolare Commercio e Industria Banca Popolare Commercio e Industria S.p.A. (BPCI) was an Italian bank based in Milan, Lombardy. Found in 1888, the bank absorbed other banks in the 20th century, as well as forming bank group with other banks in the first decade of the 21st centu ...

in 2001). 20 branches was also sold to

Banca Nuova Banca Nuova S.p.A. was an Italian bank headquartered in Palermo, Sicily island. The bank served the island (the region) mostly, with branches in Calabria region; It was a subsidiary of Banca Popolare di Vicenza (BPVi), in turn owned by Atlante, ...

, with additional 26 branches was sold to Banca Nuova's parent company Banca Popolare di Vicenza on 1 January 2001, for 250 billion lire, as well as 51 branches to

Unipol Banca Unipol Banca S.p.A. was an Italian bank based in Bologna, Emilia-Romagna, prior to its acquisition by BPER Banca from the Unipol group in 2019. On 25 November 2019, Unipol Banca was fully incorporated into BPER Banca and ceased to exist as a sepa ...

for 400 billion lire, as part of the response to the Italian Competition Authority investigation, on the monopoly of the bank after the merger with

was the major shareholder of the group for 25.51% in circa before the merger of Intesa with BCI. Banca Intesa and

announced, in August 2006, that they will merge to found Italy's biggest and Europe's third largest banking group in terms of total assets. The effective merger date is 1 January 2007 and adopts the name of " Intesa Sanpaolo S.p.A.". The registered office of the new bank is in Turin and Milan shall remain as the secondary registered office. On 1 January 2007, Sanpaolo IMI merged into Banca Intesa and name changed to Intesa Sanpaolo SpA.

Divisions

Banca Intesa S.p.A. focuses in four main business areas. * The Retail Division serves individuals, small businesses, small and medium enterprises and non-profit organizations; its main activities include retail banking,

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high- ...

, private banking and industrial credit. * The Corporate Division serves mid and large corporates, financial institutions and public administrations; its main activities include mergers and acquisitions and

structured finance Structured finance is a sector of finance - specifically financial law - that manages leverage and risk. Strategies may involve legal and corporate restructuring, off balance sheet accounting, or the use of financial instruments. Securitization ...

services,

merchant banking A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodi ...

, capital market, global custody, and the specialized international network. * The Italian Subsidiary Banks Division includes banking subsidiaries rooted in regional markets. * The International Subsidiary Banks Division involves subsidiaries abroad, providing retail and commercial banking services mainly in Central-Eastern Europe. Banca Intesa has branches and representative offices in Europe, Asia, Latin and North America, and Africa.

Ownership

Prior the merger effective on 1 January 2007, the ownership ratio was as follow: #

17.84% #

Fondazione Cariplo Fondazione Cariplo is a charitable foundation in Milan, Italy. It was created in December 1991 when the Amato law, Law no. 218 of 30 July 1990, came into force. Under this law, saving banks were required to separate into a not-for-profit found ...

9.22% # Generali group (

Assicurazioni Generali Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or simply Generali Group is an Italian insurance company based in Trieste. As of 2019, it is the largest of its kind in Italy and among the top ten largest insurance companies in ...

Alleanza Assicurazioni Alleanza Assicurazioni is an Italian insurance company based in Milan. It was founded in Genoa in 1898 and refounded in Milan in 2013. The company is particularly active in the life insurance sector. Alleanza was controlled with a stake of aroun ...

and other subsidiaries) 7.54% # Lombardo voting syndicate (

Banca Lombarda e Piemontese Banca Lombarda e Piemontese was an Italian banking group. It was formed as Banca Lombarda in 1998 by the merger of Banca San Paolo di Brescia (with subsidiary Banca di Valle Camonica) and Credito Agrario Bresciano (with subsidiary Banco di San G ...

, , , some shares are excluded from the voting syndicate) 4.88% # Fondazione Cariparma 4.33% # other shareholders 56.19%

Footnotes

References

External links

* (now redirect to Intesa Sanapolo's official website) {{Authority control Defunct banks of Italy Banks established in 1998 Italian companies established in 1998 Companies based in Milan History of Intesa Sanpaolo Companies formerly listed on the Borsa Italiana Crédit Agricole Banks disestablished in 2007 Italian companies disestablished in 2007