Banca Intesa

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Banca Intesa S.p.A.
Company type Public
IndustryFinancial services
Predecessor
Founded2 January 1998 (1998-1-2)
Defunct31 December 2006
Fatemerged with Sanpaolo IMI
Successor Intesa Sanpaolo
Headquarters Milan, Italy
Key people
Giovanni Bazoli (Chairman)
Corrado Passera (CEO)
Services
Decrease2.svg €2.559  billion  (2006)
Total assets Increase2.svg €291.781 billion (2006)
Total equity Increase2.svg €18.166 billion (2006)
Number of employees
Decrease2.svg 56,553 (2006 average)
Subsidiaries
Capital ratio Decrease2.svg 5.51% (Core Tier 1 ratio, Basel II, Dec.2006)
Website www.bancaintesa.it
Footnotes /references
data from annual report's consolidated financial statement [1]

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 IntesaBCi, but the name of the group was reverted to Banca Intesa in 2003.

Contents

In 2007, Banca Intesa merged with another banking group Sanpaolo IMI to become Intesa Sanpaolo. [nb 1]

History

Banca Intesa was formed in 1998 from the merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto (former Nuovo Banco Ambrosiano and its predecessor Banco Ambrosiano, as well as Banca Cattolica del Veneto).

In 1999, Banca Commerciale Italiana 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 (both sold to Crédit Agricole after 2007 merger), Carisap, Carifol.

However, Intesa also sold some of them, for example Carispezia (to Banca CR Firenze in 2004), Cassa di Risparmio di Alessandria, Banca di Legnano (to Banca Popolare di Milano), Cassa di Risparmio di Carrara (to Banca Carige) and Banca Carime (to Banca Popolare Commercio e Industria in 2001). 20 branches was also sold to Banca Nuova, [3] [4] with additional 26 branches was sold to Banca Nuova's parent company Banca Popolare di Vicenza on 1 January 2001, [5] for 250 billion lire, as well as 51 branches to Unipol Banca for 400 billion lire, [6] as part of the response to the Italian Competition Authority investigation, on the monopoly of the bank after the merger with Banca Commerciale Italiana.

Crédit Agricole was the major shareholder of the group for 25.51% shortly before the merger of Intesa with BCI. [7]

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 registered office.

On 1 January 2007, Sanpaolo IMI merged into Banca Intesa and its name changed to Intesa Sanpaolo SpA.

In 2008, Sergey Yastrzhembsky worked to establish a Russian-Italian investment bank which would be supported by both the Intesa banking group and VEB. [8]

Divisions

Banca Intesa SpA focuses in four main business areas.

Ownership

Prior the merger effective on 1 January 2007, [1] : 282  the ownership ratio was:

  1. Crédit Agricole 17.84%
  2. Fondazione Cariplo 9.22%
  3. Generali group (Assicurazioni Generali, Alleanza Assicurazioni and other subsidiaries) 7.54%
  4. Lombardo voting syndicate (Banca Lombarda e Piemontese, Carlo Tassara  [ it ], Mittel  [ it ], some shares are excluded from the voting syndicate) 4.88%
  5. Fondazione Cariparma 4.33%
  6. Other shareholders 56.19%

Footnotes

  1. ↑ or known as other systemically important institutions (O-SIIs) [2]

References

  1. 1 2 2006 Annual Report. Banca Intesa. 2007. Retrieved 16 February 2019.
  2. ↑ "Identification of the UniCredit, Intesa Sanpaolo, Banco BPM and Monte dei Paschi di Siena banking groups" (Press release). Rome: Bank of Italy. 30 November 2017. Retrieved 16 February 2019.
  3. ↑ "Da Bankitalia via libera a Banca Nuova Acquistati trenta sportelli da Antonveneta". La Repubblica (in Italian). Rome: Gruppo Editoriale L'Espresso. 5 January 2005. ISSN   2499-0817 . Retrieved 28 October 2017.
  4. ↑ Tonato, Franco (11 January 2001). "Banca Nuova S.p.A." Gazzetta Ufficiale (in Italian). Retrieved 28 October 2017.
  5. ↑ "Provvedimento №131/A: Banca Popolare di Vicenza / Gruppo Intesa" (PDF) (Press release) (in Italian). Rome: Bank of Italy. 4 January 2001. Archived from the original (PDF) on 29 October 2017. Retrieved 28 October 2017– via Italian Competition Authority website.
  6. ↑ "Gruppo Intesa Report on Operations and Consolidated Financial Statements" (PDF). 2000 Annual Report. Milan: Banca Intesa. 2001. p. 32. Retrieved 29 October 2017.
  7. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 5 March 2016. Retrieved 24 March 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ↑ "Банковский госслужащий: Сергей Ястржембский займется российско-итальянскими инвестициями" [Bank civil servant: Sergey Yastrzhembsky to handle Russian-Italian investments]. [[Kommersant|]] (in Russian). 8 May 2008. Archived from the original on 28 March 2025. Retrieved 28 March 2025.
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