Intesa Sanpaolo

Intesa Sanpaolo, listed on the Italian stock exchange, is an Italian banking group headquartered in Turin. With total assets of Ä636.1 billion, approximately 12 million customers, and 108,310 employees, the group is one of the leaders on the Italian market. Besides its strong presence at the domestic level, Intesa Sanpaolo has an extensive network of branches and representative offices around the world. Furthermore, the Group has retail and commercial banking operations in several countries, located mainly in Central- Eastern Europe and the Mediterranean basin. The foreign banks under the control of the Group are as follows: Intesa Sanpaolo Bank - Albania and Greece; Intesa Sanpaolo Bank - Bosna and Hercegovina; Privredna Banka Zagreb; Bank of Alexandria - Egypt; Intesa Sanpaolo Bank - Romania; KMB Bank - Russia; Banca Intesa Beograd - Serbia; VUB Banka - Slovakia and the Czech Republic; Banka Koper - Slovenia; CIB Bank - Hungary; Pravex Bank - Ukraine; and Qingdao City Commercial Bank - China.

Intesa Sanpaolo has a dual system of governance, introduced with the company law reform of 2003, consisting of a Supervisory Board and a Management Board. Intesa Sanpaolo was the first Italian company to adopt the dual system.

Chairman of the Management Board is Giovanni Bazoli, Enrico Salza is the Chairman of the Supervisory Board, and Corrado Passera is the CEO.

On January 1st, 2007, Banca Intesa and Sanpaolo IMI merged, and as a result, the new Intesa Sanpaolo became the first Italian bank and the fifth in Europe by market capitalization. The above Italian banking groups, which have played a significant role in the history of the Italian banking industry, announced their merger plans in August 2006. The Extraordinary Shareholders' Meetings of the two banks proceeded with ratification on December 1st of the same year. In fact, Banca Intesa and Sanpaolo IMI are the result of a series of successive mergers.

Banca Intesa came into existence in 1998 with the merger of Cariplo and Banco Ambrosiano Veneto. In 1998, Istituto Bancario San Paolo di Torino and IMI (Istituto Mobiliare Italiano) merged to form Sanpaolo IMI.

The Groupís wide range of banking products and services (loans and mortgages, private banking services and investment, current and saving accounts, etc.) are addressed to individual customers, small businesses, small and medium enterprises, corporate companies, and financial institutions.

The Groupís business activities are focused on six main divisions: Corporate and Investment Banking, Foreign Banks, Territorial Banks, Eurizon Capital, Public Finance, and Banca Fideuram.

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