Intesa Sanpaolo
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Torre Intesa Sanpaolo, Intesa Sanpaolo headquarter, Turin
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| Società per azioni | |
| Traded as | BIT: ISP |
| Industry | Financial services |
| Founded | 2007 (merger of Banca Intesa and Sanpaolo IMI) |
| Headquarters | Torre Intesa Sanpaolo, Turin, Italy |
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Number of locations
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6,841 branches (5,302 in Italy and 1,539 abroad) (2012) |
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Area served
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Italy, Central Eastern Europe, Middle East, and North Africa |
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Key people
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| Products | Retail, investment and private banking, investment management, public finance |
 €17.149 billion (2015)
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| Profit | €2.739 billion (2015) |
| Total assets | €676.496 billion (2015) |
| Total equity | €47.776 billion (2015) |
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Number of employees
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90,807 (2015) |
| Website | www.intesasanpaolo.com |
Intesa Sanpaolo is a banking group resulting from the merger between Banca Intesa and Sanpaolo IMI based in Torre Intesa Sanpaolo, Turin, Italy. It has clear leadership in the Italian market and a minor but growing international presence focused on Central-Eastern Europe, the Middle East and North Africa (97% of the bank's revenue from Europe and 86% of all loans to customers come from business in Italy). When it was formed in 2007 it overtook Unicredit Group as the largest bank in Italy with 13 million customers and $690 billion worth of assets. By 2010 its assets had grown to $877.66 billion 26th highest among all of the world's companies. The company is a component of the Euro Stoxx 50 .
As of January 2016, it is the first banking group in Italy by market capitalization, but second by total assets (using 2014 data).
Banca Intesa and Sanpaolo IMI, the two banks that merged in 2007 to create Intesa Sanpaolo, were themselves the product of many mergers. Cariplo and Banco Ambrosiano Veneto merged in 1998 to form Banca Intesa. The following year Banca Commerciale Italiana joined the group. Sanpaolo IMI was born in 1998 following the merger of Istituto Bancario San Paolo di Torino, which specialized in retail banking, and IMI (Istituto Mobiliare Italiano), an investment bank.
The oldest part of the banking group is Cariplo SpA which traces its roots to Austrian household savings bank Cassa di Risparmio delle Provincie Lombarde which was established in 1823. Cassa di Risparmio was started by an Italian philanthropic group, the Central Committee of Charity; a response by the government to the hard economic times of the early 19th century. In the early 20th century the bank helped Italian companies in the North obtain capital during and after World War 1 and 2, chiefly under the guide of Giordano Dell'Amore. Banking reforms in 1990 started by Giuliano Amato (Amato Law) led to the restructuring/reorganization of banks by forcing the government to relinquish control of them (the result was a more market driven bank that focused less on social programs/social causes were abandoned).
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Wikipedia