Banca Intesa S.p.A. is a
major Italian bank based in Milan.
was formed in 1998 from the merger of Cassa di Risparmio
delle Provincie Lombarde
(aka Cariplo) and Banco Ambroveneto
(former Banco Ambrosiano
). In 1999 Banca Commerciale italiana
entered the group, which pursuant to the merger in 2001 changed its
name in IntesaBCi; in December 2002 the assembly decided for the
current denomination taking effect from 1 January 2003.
Banca Intesa S.p.A. focuses in four main business areas.
- The Retail Division serves individuals, small businesses, small
and medium enterprises and non-profit organizations; its main
activities include retail banking, wealth management, private banking and
- The Corporate Division serves mid and large corporates,
financial institutions and public administrations; its main
activities include mergers and acquisitions and structured finance services, merchant
banking, capital market, global custody and the specialized
- The Italian Subsidiary Banks Division includes banking
subsidiaries rooted in regional markets.
- The International Subsidiary Banks Division involves
subsidiaries abroad, providing retail and commercial banking
services mainly in Central-Eastern Europe. Banca Intesa has
branches and representative offices in Europe, Asia, Latin and
North America, and Africa.
Banca Intesa and Sanpaolo IMI
announced, in August 2006, that they will merge to found Italy's
biggest and Europe's third largest banking group in terms of total
assets. The effective merger date is 1 January 2007 and adopts the
name of "Intesa Sanpaolo S.p.A.". The registered office of the new
bank is in Turin and Milan shall remain as the secondary registered