Banca IMI is a
subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...
of
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 ...
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
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 t ...
to form
Sanpaolo IMI 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, formed in 1998 by merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto. The next year, the banking group merged with Banca Commerciale Italiana to become ...
in January 2007. In October Banca IMI (as ''Banca d'Intermediazione Mobiliare IMI S.p.A.'') absorbed the corresponding subsidiary of Intesa:
Banca Caboto to become the new ''Banca IMI S.p.A.''.
References
External links
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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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