It was a marriage of equals, designed to build a bank for the world.
One that believes in innovation and investment to benefit business, families and communities. One that considers culture and society as part of its duties. One committed to meeting the needs of every client, everywhere, every day.
Today – 10 years on from the official launch of Intesa Sanpaolo in January 2007 – the decision to merge Banca Intesa and Sanpaolo IMI has been vindicated.
However, Intesa Sanpaolo, with its 450-year heritage, is not just looking to new business for expansion and profits. It is also ensuring that its existing customer base is well serviced and profitable.
It achieves this thanks to its strong capital position. Stress-test results, published in July 2016, showed it to be one of the best-performing European banks and among the best-capitalised banks in the eurozone.
“Intesa Sanpaolo is the only major European bank whose excess capital far exceeds regulators’ requirements,” wrote the Financial Times. “These results position Intesa Sanpaolo at the very top in Europe in terms of profitability.”
Intesa Sanpaolo is the only major European bank whose excess capital far exceeds regulators’ requirements
This strength has allowed Intesa Sanpaolo to move fast, to innovate in global banking and to make a valuable contribution to Italy’s real economy.
It believes in the power of technology, investment and enterprise; on this basis it supports projects and businesses across Italy and Europe, helping to build sustainable growth.
Innovation runs through its business philosophy, making it one of the most forward-thinking banks in international trade. It was among the first five in the world to adhere to SWIFT’s global payments initiative for cross-border payments, for example.
It is also a partner of the visionary Ellen MacArthur Foundation, promoting a circular economy based on reuse, regeneration and zero waste.
Today, Intesa Sanpaolo is a modern, efficient and effective bank. It serves 20m clients worldwide. It stands tall among its peers and participates in some of the most important corporate deals around the globe.
It is a bank for Italy, but also for the wider world.
Creating value for all
Intesa Sanpaolo is Italy’s biggest bank for good reason; it is second to none at what it does. With business units covering retail, investment and private banking, investment management and public finance, it nurtures and seeks out exceptional talent.
Innovation is at the organisation’s heart – finding the best way to provide the services customers want and the solutions they need. The investment banking teams are increasingly involved in top global deals, such as InBev’s $79bn takeover of SAB Miller, thanks to their smart thinking.
Meanwhile the retail arm leads the field in delivering a modern, omni-channel banking service. Most recently, its asset-management arm Eurizon launched an A-rated securitised bond fund aimed at drawing more investment from the private sector to support growth and foster jobs.