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40-673: In 2020, the bank served approximately 14.6 million customers in Italy and 7.2 million customers in Central and Southeast Europe, Ukraine and Egypt through several subsidiaries such as Bank of Alexandria , CIB Bank , PBZ and VÚB Banka . By 2010 its assets had grown to US$ 877.66 billion, ranking 26th in Forbes Global 2000 . The company is a component of the Euro Stoxx 50 stock market index . Intesa Sanpaolo has been designated as

80-632: A single-tiered corporate governance system in which the Board of Directors alone are in charge of strategic supervision and control. The latter duty is carried out by the Management Control Committee instead of the Board of Directors itself. The bank adopted this single-tiered system in April 2016, replacing the former two-tiered structure. Previously, the supervisory board exercised control and strategic management functions, whereas

120-552: A Bank of Alexandria to cater to the needs of the Greek merchant community. This bank was liquidated in 1877. 1864 The English overseas bank, Anglo-Egyptian Bank was founded. 1924 Anglo Egyptian Bank merged with The Colonial Bank (est. 1836) and the National Bank of South Africa (est. 1891) to form Barclays Bank (Dominion, Colonial and Overseas) . Barclays had inherited the ownership of The Colonial Bank when it acquired

160-591: A Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank . On 18 May 2024, Intesa Sanpaolo had a market cap of $ 74.83 Billion. 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

200-847: A total of €90 million (€18 + 72 million), as well as €26 million for a minority stake in Cassa di Risparmio della Provincia di Chieti in 2014. The shareholders of the banks were bail-in in the rescue plan in 2015. In 2014, Cassa di Risparmio di Venezia and Banca di Credito Sardo were absorbed into Intesa Sanpaolo. The 2014–17 business plan of the bank stated that the banking group would simplify their legal structure. In 2015, local banks Banca Monte Parma , Banca di Trento e Bolzano , Cassa di Risparmio di Civitavecchia , Cassa di Risparmio di Rieti and Cassa di Risparmio della Provincia di Viterbo were absorbed into Intesa Sanpaolo. Banca dell'Adriatico and Casse di Risparmio dell'Umbria were planned to be absorb by Intesa Sanpaolo in mid-2016. A unified website

240-424: A value of assets under management of 1.1 trillion, loans for 460 billion and profits for five. The offer ends on 30 July 2020 with the achievement of 91.0149% of the capital of UBI. Therefore, having exceeded 90% of the share capital, the delisting procedures have begun which have led Intesa Sanpaolo to become the sole shareholder of UBI Banca. Intesa is required to complete the sale of 500 agencies within six months of

280-925: Is the world's biggest asset manager and a pioneering Intesa shareholder, with the aim to offer digital wealth management services to clients in Belgium and Luxembourg. Following the Russian invasion of Ukraine in 2022, ISP announced that it would start working to divest its unit in Russia. In September 2023, Vladimir Putin approved a plan allowing for the sale of the banking group’s Russian operations. As of May 2024, ISP has yet to finalise its exit. In August 2024, Intesa Sanpaolo fired one of its clerks, Vincenzo Coviello, after an internal investigation unearthed evidence of illicit activity. The public prosecutor's office of Bari, Italy, has since accused Coviello of compromising national security by repeatedly gaining unauthorised access to

320-876: The provinces of Udine and Gorizia (Friuli – Venezia Giulia region), provinces of Rovigo and Padua (Veneto region), Aosta Valley, provinces of Biella and Alessandria (Piedmont region), Province of Bolzano (South Tyrol), Province of Bologna (Emilia-Romagna region), Province of Pavia (Lombardy region), Province of Naples (Campania region), Province of Imperia (Liguria region), provinces of Sassari and Cagliari (Sardinia Island), Province of Rieti (Lazio region), province of Terni (Umbria region), Province of Pesaro-Urbino (Marche region), Province of Pescara (Abruzzo region) and Province of Catanzaro (Calabria region). The French banking group Crédit Agricole started to spin off from Intesa Sanpaolo, by acquiring Cariparma , FriulAdria in 2007 and Carispezia in 2011, as well as branches from Intesa Sanpaolo. In 2012, Crédit Agricole sold all

360-502: The 1990s due to numerous acquisitions (Citibank Italia, Banca Vallone di Galatina and European securities dealer Caboto among others). Banca Commerciale Italiana (BCI) started in 1894 as a corporate loans lender operating in the commercial industry of Northern Italy. In 1994 Mediobanca purchased an interest in BCI (ironically BCI was one of the 3 banks that formed Mediobanca almost 50 years earlier). BCI tried to acquire Banco Ambrosiano Veneto

400-611: The Italian bank which itself was acquired by Banca Intesa , agreed to pay $ 1.6 billion for 80% of Bank of Alexandria. This was the first privatization in Egypt of a fully government-owned bank. See also [ edit ] [REDACTED] Banks portal Entrepreneurship Policies in Egypt References [ edit ] ^ "Company Profile for Bank of Alexandria SAE" . in reuters.com . Archived from

440-740: The London Provincial and South Western Bank in 1918. 1957 The Egyptian government founded Bank of Alexandria to take over the Egyptian operations of Barclays Bank DCO , which the Egyptian government had nationalized in 1956 after British and French troops attacked Egypt and occupied the Suez Canal during the Suez crisis . 1964 Bank of Alexandria acquired Banque du Nile and Import-Export Bank of Egypt. October 17, 2006 The Egyptian government privatized Bank of Alexandria. Sanpaolo IMI ,

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480-474: The approval of a capital increase in support of the takeover bid. The operation is complex as, to prevent possible problems with the Antitrust Authority, it involves other companies. UnipolSai has already reached an agreement to take over the business branches of the insurance companies Banca Assurance Popolari, Lombardia Vita and Aviva Italia, owned by UBI. The Bolognese insurance group supported

520-577: The bank accounts of about 3,500 individuals, including the Italian prime minister Giorgia Meloni , Defence Minister Guido Crosetto, the prosecutor of the National Anti-Mafia and Anti-Terrorism Directorate, and several officers of the Carabinieri and Italy's financial police, Guardia di Finanza. Meloni has suggested that Coviello's actions were part of a wider attempt by "pressure groups" to undermine Italian democracy. Intesa Sanpaolo has

560-514: The bank was rumoured to have been working with the government to keep Air France from acquiring a stake in Alitalia, Air France eventually acquired 25%. Alitalia – Compagnia Aerea Italiana sold part of its stake in the airline to Etihad Airways in 2015. From 2012 to 2013, Intesa Sanpaolo wrote down the value of the investment in Banca delle Marche (a minority interest of 5.84% share capital) for

600-566: The bank's shareholders Compagnia di San Paolo , Fondazione Cariplo and the pension funds of the group for €366 million. On 26 June 2017, as part of a government-funded bailout of the depositors (and the bail-in of the investors of the failed banks), Intesa Sanpaolo acquired the good assets of Banca Popolare di Vicenza (BPVi) and Veneto Banca , including some of the subsidiaries such as Banca Apulia and Banca Nuova . The branches of BPVi and Veneto Banca would at first become branches of Intesa Sanpaolo, but some of them would be closed down in

640-689: The completion of the merger. On 5 October 2020 was announced Intesa Sanpaolo's private bank arm has reached an agreement to buy a 69% stake in Swiss-based bank REYL & Cie . In August 2022, ISP completed the 100 percent acquisition of the Luxembourg private bank CBP Quilvest . The transaction is intended to create a second private banking hub to complement the Swiss one. On 11 November 2024, one of Italy's largest bank, Intesa Sanpaolo (ISP.MI), proposed its eagerness to partner with BlackRock which

680-618: The country. It has a market share of almost 7% and had assets of 5.2 billion euros (US$ 6.5 billion) as of June 30, 2006. Intesa Sanpaolo is the major shareholder in the bank. It holds 70.25% of the bank shares, IFC holds 9.75% and the Egyptian Government holds 20%. Mahmoud Abdel Salam Omar , who is a former head of the Egyptian Banks Federation, is a former chairman of the bank. History [ edit ] In 1857 local Greek merchants established

720-495: The event that the public subscription offer does not reach 67% of the shares. The transaction, which obtained the approval of the various Italian and European authorities, led to the delisting of UBI and provides for the merger between the two banks. The sale is scheduled for the end of 2020, with the aim of closing the financial statements in April 2021, presenting a credit institution in seventh place in Europe in terms of size, with

760-690: The following financial years: 2022, 2023 and 2024. Table with a comparison of Intesa Sanpaolo's financial performance over the last years. The Group's activities are divided into six divisions: In addition to its strong presence in Italy, Intesa Sanpaolo has branches and representative offices around the world. The Group also directly controls many foreign banks especially in Central and Eastern Europe , with more than 901 branches and about 7 million clients operating in retail and commercial banking. [REDACTED] Media related to Intesa Sanpaolo at Wikimedia Commons Bank of Alexandria From Misplaced Pages,

800-680: The foundation of the Province of Pordenone , which was split from the Province of Udine). By a decree of the Ministry of the Treasury, Cassa di Risparmio di Udine e Pordenone S.p.A. was formed in 1991 and the original statutory corporation became Fondazione Cassa di Risparmio di Udine e Pordenone (now Fondazione Friuli). The limited company immediately recapitalized, which Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona owned 25% stake of

840-527: The 💕 For the historic building of the same name in Alexandria, Virginia, U.S., see Bank of Alexandria (Alexandria, Virginia) . Bank of Alexandria [REDACTED] [REDACTED] New Borg El Arab city Branch Company type Private Website www .alexbank .com The Bank of Alexandria is one of the largest banks in Egypt , with 210 branches across

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880-544: The group. 1998, Sanpaolo IMI emerged from 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 S.p.A. which traces its roots to the Austrian Empire household savings bank Cassa di Risparmio delle Provincie Lombarde which was established in 1823 in Milan. The cassa di risparmio

920-421: The launch of a voluntary OPS (public exchange offer) for 4.9 billion euro towards UBI Banca which provided for the delivery of 17 Intesa Sanpaolo shares for every 10 UBI Banca shares newly issued with a premium of 27.6% compared to the stock market listing on Friday 14 February. In addition, on 27 April 2020 Intesa, which has access to three million UBI customers, obtained from the extraordinary shareholders' meeting

960-466: The management board oversaw the management of the company's business. The supervisory board was appointed by shareholders in their annual meeting. It supervised the activities carried out by the management board and, in particular, approved the main strategic initiatives proposed by the management board. The management board appointed one of its members to be the CEO. Members were appointed on 29 April 2022 for

1000-705: The near future for efficiency, as Intesa Sanpaolo was also one of the major banks in the Veneto region which the failed banks based. In October 2017, the plan to absorb Banca Nuova into Intesa Sanpaolo was also announced. In December 2017, the plan to absorb Cassa di Risparmio del Friuli Venezia Giulia was announced. On 6 February 2018, 10 further mergers were announced in the 2018–2021 business plan: Banco di Napoli . Banca CR Firenze , CR Pistoia e della Lucchesia , CR Veneto , Carisbo , Cariromagna , Banca Apulia , Banca IMI , Banca Prossima and Mediocredito Italiano . On 17 February 2020, Carlo Messina unexpectedly announced

1040-813: The original on 18 January 2016 . Retrieved 29 August 2015 . External links [ edit ] Bank of Alexandria website Zawya Middle East Business Information. Listing of Bank of Alexandria Retrieved from " https://en.wikipedia.org/w/index.php?title=Bank_of_Alexandria&oldid=1224921826 " Categories : Banks of Egypt Banks established in 1957 Intesa Sanpaolo subsidiaries Egyptian companies established in 1957 Government-owned banks of Egypt Former government-owned companies Hidden categories: All articles with dead external links Articles with dead external links from August 2020 Cassa di Risparmio del Friuli Venezia Giulia Cassa di Risparmio del Friuli Venezia Giulia S.p.A. , known as CariFVG in short,

1080-442: The original on 18 January 2016 . Retrieved 6 September 2012 . ^ "Mahmoud Abdel Salam Omar" . The San Francisco Chronicle . Retrieved 2020-06-26 . ^ Anthony, Michael (2001). Historical Dictionary of Trinidad and Tobago . Scarecrow Press, Inc. Lanham, Md., and London. ISBN   0-8108-3173-2 . ^ "London, Provincial and South Western Bank Ltd" . Barclays Bank PLC. Archived from

1120-479: The original corporation became a private entity Fondazione Cassa di Risparmio di Gorizia. (Decree of the Ministry of the Treasury on 26 June 1992; gazetted on 22 July 1992) A predecessor of Cassa di Risparmio di Udine e Pordenone was formed in 1496 as a mount of piety ( Italian : monte di pietà ), by a Franciscan Domenico da Ponzone, in the Republic of Venice , 34 years after the first recorded mount of Italy

1160-544: 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). Cariplo S.p.A was formed in 1991 when Cassa di Risparmio delle Provincie Lombarde (sold by Ente Cassa di Risparmio delle Provincie Lombarde ) merged with its subsidiary IBI. Banco Ambrosiano Veneto originated with Nuovo Banco Ambrosiano and Banca Cattolica del Veneto which merged in 1989. The bank increased in size during

1200-533: The royal decree-law No.269 of 1927, (law no.2587 of 1927 ) which promoted merger of banks if they did not pass a threshold of size, the savings bank acquired the mounts of piety located in San Daniele del Friuli and Cividale del Friuli . During World War II, in 1942, the mount, as that time known as its new name Monte di Credito su Pegno di Udine, was merged to the savings bank. It was renamed to Cassa di Risparmio di Udine e Pordenone in 1968 (same year as

1240-488: The same year but was spurned by shareholders who wouldn't accept the US$ 1.13 billion offer. In 1999 Italy's largest bank Unicredit Group at the time, attempted a hostile takeover of BCI but failed due to Mediobanca's interest in the company (Mediobanca wanted to merge Banca di Roma with BCI). BCI merged with the former Banco Ambrosiano and Cariplo in 1998 to form a financial institution renamed Banca Intesa in 2003. Sanpaolo IMI

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1280-479: The share capital after increase. The two foundations of the savings banks, along with banking foundations from Venice and Padova–Rovigo , formed a common holding company Casse Venete Banca . The holding merged with Casse Emiliano Romagnole in 2000 to form Cardine Banca and in 2002 the group merged with Sanpaolo IMI . During the period the two savings banks remained as two separate subsidiaries. On 1 December 2003 Friulcassa S.p.A. Cassa di Risparmio Regionale

1320-526: The share capital increase of 802.26 million euros of BPER Banca, the Emilian bank of which it is the first shareholder with 19.9%. In turn, BPER has already signed a contract with Intesa which provided for the purchase of 532 UBI branches with approximately 1.2 million customers, of which approximately half in Lombardy. In July 2020, the antitrust authority ordered Intesa to sell as many of its own branches, in

1360-535: The shares of Intesa Sanpaolo. In December 2007, Cassa di Risparmio di Biella e Vercelli was also sold to Banca Monte dei Paschi di Siena for €399 million. In 2008, Intesa Sanpaolo acquired Banca CR Firenze . In December 2008, Cassa di Risparmio di Fano was sold to Credito Valtellinese . In 2009, group acquisitions included a 30% interest in business info company MF Honyvem, and an increased stake in Alitalia – Compagnia Aerea Italiana up to 33.3% Even though

1400-403: Was also used for the remaining retail banks of the group in 2016. In 2016–17, the banking group also sold their non-core businesses, such as the 0.49% ordinary shares of Visa Europe in cash plus share deal; Intesa Sanpaolo Card and subsidiary Setefi to Mercury (the parent company of Istituto Centrale delle Banche Popolari Italiane ) for €1.035 billion and 4.88% shares of Bank of Italy to

1440-615: Was an Italian savings bank based in Gorizia , Friuli – Venezia Giulia region. Cassa di Risparmio di Gorizia was found on 1831 in Gorizia and Gradisca , in the Austrian Empire by the Count Giuseppe/Joseph ( della Torre ) von Thurn Hofer und Valsassina. Due to Legge Amato , the bank formed a subsidiary Cassa di Risparmio di Gorizia S.p.A. (a company limited by shares; Italian : società per azioni ), with

1480-426: Was formed by the merger of the two savings banks. The bank later renamed as Cassa di Risparmio del Friuli Venezia Giulia S.p.A. in 2007. In the same year the parent company Sanpaolo IMI also merged with Banca Intesa . The merger also triggered the group sold another subsidiary FriulAdria to Crédit Agricole due to Crédit Agricole withdrew as the shareholders of Intesa, as well as to avoid monopoly market share in

1520-547: Was formed in 1998 when Istituto Bancario San Paolo di Torino (founded in 1563) and Istituto Mobiliare Italiano (IMI) merged, (IMI itself was established in 1931) in a US 37.8 billion dollar deal. In January 2007, Banca Intesa and Sanpaolo IMI, two of the three largest banks in Italy, officially merged. As part of the authorization of the merger, the Italian Competition Authority (AGCM) forbid Intesa Sanpaolo to open any new branches for two years in

1560-523: Was founded in Perugia, by other Franciscans , Bernardine of Feltre and Michele Carcano, in the Papal States. The first savings bank ( Italian : cassa di risparmio ) of the city was formed in 1822 but soon ceased business. In 1876 Cassa di Risparmio di Udine was re-established as an autonomous entity on the basis of a branch of Cassa di Risparmio delle Provincie Lombarde . In 1928, due to

1600-572: 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 Wars 1 and 2, chiefly under the guidance of Giordano Dell'Amore . Banking reforms in 1990 started by Giuliano Amato (Amato Law; Legge Amato  [ it ] ) led to

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