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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. [ 7 ] 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.
The Intesa Sanpaolo tower was envisioned by Renzo Piano and subsequently built by the Italian main contractor Rizzani de Eccher and Swiss Implenia on an area of about 160 x 45 m between corso Inghilterra, corso Vittorio Emanuele II, via Cavalli and the Nicola Grosa Park.
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 Banco Ambroveneto to form IntesaBCI, in which BCI temporarily became a sub-holding company.
Intesa Sanpaolo: 975.68: domestic systemically important bank; [2] supervised by European Central Bank [3] 2: UniCredit: 857.77: global systemically important bank (Bucket 1) identified by Financial Stability Board; [4] supervised by European Central Bank [3] * Bank of Italy: central bank 3: Cassa Depositi e Prestiti: 400.69
Banca Intesa and Sanpaolo IMI 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 "Intesa Sanpaolo SpA". The registered office of the new bank was Turin and Milan remained as the secondary ...
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.
The roots of Eurizon Capital can be traced back to the asset management division of Sanpaolo that was established near the end of 1983. [2] [5] [6]In 2005, Sanpaolo IMI established the subsidiary unit, Eurizon Financial Group which would encompass it's insurance and asset management business.
On 17 February 2020, Carlo Messina, CEO of Intesa Sanpaolo, unexpectedly announced the launch of a voluntary public exchange offer for 4.9 billion euro towards UBI Banca. The initial proposal provided that for every ten shares of UBI Banca, seventeen newly issued Intesa Sanpaolo shares will be paid with a premium of 27.6% compared to the ...