Integration of “Intesa” bank and “Sanpaolo IMI” bank has been approved

Source: Novosti

Monday, 16.10.2006.

23:07

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The Management boards of Italian banks “Intesa” and “Sanpaolo IMI” have approved the integration of the two banks which will create the largest banking group of Italy, with a total activity of 507,5 billions eur.

This integration, worth 29,6 billions eur, means that now the present leading bank in Italy – “Unicredito” will be in the shadow of the newley formed group. The new banking group will have more than 6.000 departments in Italy and 760 in Central and Eastern Europe

Companies:

Banca Intesa a.d. Beograd

Tags:

Sanpaolo IMI Italy

Unicredito Italy

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