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Intesa Sanpaolo
Intesa Sanpaolo Società per azioni, 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 stretching back to its first foundation as Istituto Bancario San Paolo di Torino in 1583. In 2020, the bank served approximately 14.6 million customers in Italy and 7.2 million customers in Central and Southeast Europe, Ukraine and Egypt through several subsidiaries such as Bank of Alexandria, CIB Bank, Privredna banka Zagreb, PBZ and Všeobecná úverová banka, VÚB Banka. By 2010, its assets had grown to US$877.66 billion, ranking 26th in ''Forbes Global 2000''. The company is a component of the Euro Stoxx 50 stock market index. Intesa Sanpaolo has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turin
Turin ( , ; ; , then ) is a city and an important business and cultural centre in northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital from 1861 to 1865. The city is mainly on the western bank of the Po (river), River Po, below its Susa Valley, and is surrounded by the western Alpine arch and Superga hill. The population of the city proper is 856,745 as of 2025, while the population of the urban area is estimated by Eurostat to be 1.7 million inhabitants. The Turin metropolitan area is estimated by the OECD to have a population of 2.2 million. The city was historically a major European political centre. From 1563, it was the capital of the Duchy of Savoy, then of the Kingdom of Sardinia (1720–1861), Kingdom of Sardinia ruled by the House of Savoy, and the first capital of the Kingdom of Italy from 1861 to 1865. Turin is sometimes called "the cradle of Italian liberty" for having been the politi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange-traded Fund
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. Many ETFs provide some level of diversification compared to owning an individual stock. An ETF divides ownership of itself into shares that are held by shareholders. Depending on the country, the legal structure of an ETF can be a corporation, trust, open-end management investment company, or unit investment trust. Shareholders indirectly own the assets of the fund and are entitled to a share of the profits, such as interest or dividends, and would be entitled to any residual value if the fund undergoes liquidation. They also receive annual reports. An ETF generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occur. The larges ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 total assets, Intesa Sanpaolo. The former owner of San Paolo bank, Compagnia di San Paolo, still significantly owned Intesa Sanpaolo. In 1998 the bank merged with Istituto Mobiliare Italiano to form Sanpaolo IMI. History The bank was founded by Compagnia di San Paolo (a brotherhood) in 1563. In early years the bank was a mount of piety. By the late 19th-century, it was state-controlled. In 1991 Crediop became a subsidiary of the bank, which was sold to Dexia in 1999 by Sanpaolo IMI, the successor of the bank. In 1991, due to , the bank was transformed from a statutory corporation to a società per azioni (company limited by shares), which San Paolo Bank Holding S.p.A. and Istituto Bancario San Paolo di Torino S.p.A. were created. C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Società Per Azioni
(; abbr. S.p.A. or spa ) is a form of corporation in law of Italy, Italy, meaning 'company with shares' (although often translated as 'joint-stock company', which may or may not be a limited liability entity). It is more or less equivalent to S.A. (corporation), S.A. or public limited company, public limited company (PLC) in other countries. The other common form of corporation in Italy was (S.r.l.) ('limited liability company'). S.p.A. issued shares (), while in S.r.l. the unit was quote/stock of share capital. Moreover, the articles of association of S.r.l. allowed different allocation of Profit and loss sharing, profit and assets, which was more comparable to a limited partnership. Throughout Italy's history, the governance of S.p.A. has been remodeled several times. Originally the S.p.A. was governed by the Commercial Code of 1865, and subsequently by that of 1883, under the name "''società anonima''" ('anonymous company'). The regulations contained within the civil code ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consolidated Financial Statement
A consolidated financial statement (CFS) is the " financial statement of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity", according to the definitions stated in International Accounting Standard 27, "Consolidated and separate financial statements", and International Financial Reporting Standard 10, "Consolidated financial statements". Consolidated statement of financial position Consolidated accounts are prepared after the accounts for the constituent companies have been prepared. While preparing a consolidated financial statement, there are two basic procedures that need to be followed: first, cancelling out all the items that are accounted as an asset in one company and a liability in another, and then adding together all uncancelled items. There are two main type of items that cancel each other out from the consolidated statement of fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 foundation and a commercial banking arm. The Cassa di Risparmio delle Provincie Lombarde, commonly known as Cariplo, was divided into the Fondazione Cariplo and Cariplo SpA, the bank, which merged with Ambroveneto in 1998. As of December 2023, the organisation had an endowment of €8,207,623,005. Fondazione Cariplo is part of the Partner Circle of the Foundations Platform F20, a global network of foundations and other philanthropic organizations. Bank ownership At the end of year 2000, the foundation held 9.87% shares of Banca Intesa (fell from 18.55% circa before the merger of Intesa with Banca Commerciale Italiana) as well as 2.77% shares of Sanpaolo IMI. on 31 December 2006, the day before the merger of Intesa and Sanpaolo, the fou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Billion
Billion is a word for a large number, and it has two distinct definitions: * 1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is now the most common sense of the word in all varieties of English; it has long been established in American English and has since become common in Britain and other English-speaking countries as well. * 1,000,000,000,000, i.e. one million million, or (ten to the twelfth power), as defined on the long scale. This number is the historical sense of the word and remains the established sense of the word in other European languages. Though displaced by the short scale definition relatively early in US English, it remained the most common sense of the word in Britain until the 1950s and still remains in occasional use there. American English adopted the short scale definition from the French (it enjoyed usage in France at the time, alongside the long-scale definition). The United Kingdom used the lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carlo Messina
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 stretching back to its first foundation as Istituto Bancario San Paolo di Torino in 1583. In 2020, the bank served approximately 14.6 million customers in Italy and 7.2 million customers in Central and Southeast Europe, Ukraine and Egypt through several subsidiaries such as Bank of Alexandria, CIB Bank, PBZ and VÚB Banka. By 2010, its assets had grown to US$877.66 billion, ranking 26th in ''Forbes Global 2000''. The company is a component of the Euro Stoxx 50 stock market index. Intesa Sanpaolo has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. As of January 2025, Intesa Sanpaolo had a ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gian Maria Gros-Pietro
Gian Maria Gros-Pietro (born 4 February 1942) is an Italian businessman. He has been chair of the board of directors of Intesa Sanpaolo since 27 April 2016, and member of the board of directors at Luiss Guido Carli University of Rome. Early life Gros-Pietro was born in Turin. He graduated in economics and business at the University of Turin in 1964. He taught business economics and industrial economics and politics until 2004. Business career Between 1974 and 1995, he directed Ceris (Institute for Economics Research on Firms and Growth, the main economic body of the National Research Council – CNR), while in 2004 he was appointed chairman of the Economic and Business department at LUISS University in Rome and held that appointment for seven years. From 1997 to 1999 he was chairman of the Institute for Industrial Reconstruction (IRI), leading the privatization of its subsidiaries. He was in charge of similar responsibilities both at Eni Eni is an Italian oil and gas co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Egypt
Egypt ( , ), officially the Arab Republic of Egypt, is a country spanning the Northeast Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via the Sinai Peninsula. It is bordered by the Mediterranean Sea to northern coast of Egypt, the north, the Gaza Strip of Palestine and Israel to Egypt–Israel barrier, the northeast, the Red Sea to the east, Sudan to Egypt–Sudan border, the south, and Libya to Egypt–Libya border, the west; the Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital, list of cities and towns in Egypt, largest city, and leading cultural center, while Alexandria is the second-largest city and an important hub of industry and tourism. With over 109 million inhabitants, Egypt is the List of African countries by population, third-most populous country in Africa and List of countries and dependencies by population, 15th-most populated in the world. Egypt has one of the longest histories o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Europe
Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural and socio-economic connotations. Its eastern boundary is marked by the Ural Mountains, and its western boundary is defined in various ways. Narrow definitions, in which Central Europe, Central and Southeast Europe are counted as separate regions, include Belarus, Russia and Ukraine. In contrast, broader definitions include Moldova and Romania, but also some or all of the Balkans, the Baltic states, the Caucasus, and the Visegrád Group, Visegrád group. The region represents a significant part of Culture of Europe, European culture; the main socio-cultural characteristics of Eastern Europe have historically largely been defined by the traditions of the Slavs, as well as by the influence of Eastern Christianity as it developed through the Byzantine Empire, Eastern Roman Empire and the Ottoman Empire. Another definition was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance. Private wealth management Private wealth management is sought by high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Traditionally, the wealthiest retail clients of investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
