Banca Intesa S.p.A. was an Italian banking group, formed in 1998 by merger of

Cassa di Risparmio delle Provincie Lombarde Cassa di Risparmio delle Provincie Lombarde, known in shorthand as Cariplo SpA, was an Italian bank founded in 1823. On 2 January 1998, it merged with Banco Ambrosiano Veneto to form Banca Intesa. Cariplo SpA became a short-lived sub-holding comp ...

(Cariplo) and

Banco Ambrosiano Veneto Banco Ambrosiano Veneto, also known as Banco Ambroveneto for short, was an Italian bank formed in 1989 by the merger of Nuovo Banco Ambrosiano (the bank replacing the collapsed Banco Ambrosiano) with Banca Cattolica del Veneto. Since 1989, Crédit ...

. The next year, the banking group merged with

Banca Commerciale Italiana Banca Commerciale Italiana (BCI, colloquially known as Comit), founded in 1894, was a major Italian bank based in Milan. In 1999, it merged with the group recently formed by the combination of Cassa di Risparmio delle Provincie Lombarde and Ban ...

to become IntesaBCi, but 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 ap ...

to become

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 ...

History

Banca Intesa was formed in 1998 from the merger of

(Cariplo) and

(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 ...

and its predecessor

Banco Ambrosiano Banco Ambrosiano was an Italian bank that was established in 1896 and collapsed in 1982. The Vatican-based Institute for the Works of Religion, commonly known as the ''Vatican Bank'', was Banco Ambrosiano's main shareholder. The Vatican Bank was ...

, 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 t ...

). 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, including 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 ban ...

(both sold to

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

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. 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 Italy, Italian arm of France, French banking group Cré ...

(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 fo ...

in 2004), Cassa di Risparmio di Alessandria, Banca di Legnano (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 Cassa di Risparmio di Carrara S.p.A. was an Italian saving bank based in Carrara, Tuscany. The bank was absorbed by the parent company Banca Carige in 2015. History Cassa di Risparmio di Carrara was found in 1843 in Carrara in the Duchy of Modena ...

(to

Banca Carige Banca Carige S.p.A., historically known as Cassa di Risparmio di Genova e Imperia (Ca.Ri.Ge.) was an Italian bank based in Genoa, with more than 500 bank branches in Italy, prior to its acquisition by BPER Banca in February 2022. The predecess ...

) 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), Cam ...

(to Banca Popolare Commercio e Industria in 2001). 20 branches was also sold to Banca Nuova, with additional 26 branches was sold to Banca Nuova's parent company

Banca Popolare di Vicenza Banca Popolare di Vicenza (BPVi) was an Italian bank and currently a winding-down company. The banking group along was the 15th-largest retail and corporate bank of Italy by total assets at 31 December 2016, according to Mediobanca. However, its si ...

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 separ ...

for 400 billion lire, as part of the response to the

Italian Competition Authority The Italian Competition Authority (, AGCM) is the competition regulator in Italy. It is an Italian quasi-autonomous non-governmental organization established on the basis of Law №287 of 10 October 1990. As of 2004, the Italian Competition Auth ...

investigation, on the monopoly of the bank after the merger with

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

announced, in August 2006, that they were to merge to found Italy's biggest and Europe's third-largest banking group in terms of total assets. The effective merger date was 1 January 2007 and adopted the name "

SpA". The registered office of the new bank was Turin and Milan remained as the secondary registered office. On 1 January 2007, Sanpaolo IMI merged into Banca Intesa and its name changed to

SpA. In 2008,

Sergey Yastrzhembsky Sergey Vladimirovich Yastrzhembsky (, ; born December 4, 1953) is a Russian statesman and diplomat. He has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation. He has been called "the keeper of V ...

worked to establish a Russian-Italian investment bank which would be supported by both the Intesa banking group and VEB.

Divisions

Banca Intesa SpA 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-hi ...

, 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, structured financial 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 commod ...

, 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: #

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 foun ...

9.22% # Generali group (

Assicurazioni Generali Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or commonly known as Generali Group is an Italian insurance company based in Trieste. As of 2022, it is the largest insurance company in Italy and ranks among the world's largest i ...

, Alleanza Assicurazioni and other subsidiaries) 7.54% # Lombardo voting syndicate ( Banca Lombarda e Piemontese, , , 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