| Banca Intesa S.p.A. | |
| Type: | Public |
| Successor: | Intesa Sanpaolo |
| Fate: | merged with Sanpaolo IMI |
| Dissolved: | 31 December 2006 |
| Location: | Milan, Italy |
| Industry: | Financial services |
| Net Income: | €2.559 billion |
| Net Income Year: | 2006 |
| Assets: | €291.781 billion |
| Assets Year: | 2006 |
| Equity: | €18.166 billion |
| Equity Year: | 2006 |
| Num Employees: | 56,553 |
| Num Employees Year: | 2006 average |
| Ratio: | 5.51% (Core Tier 1 ratio, Basel II, Dec.2006) |
| Footnotes: | data from annual report's consolidated financial statement[1] |
Banca Intesa S.p.A. was an Italian banking group, formed in 1998 by merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto. The next year, the banking group merged with Banca Commerciale Italiana to become IntesaBCi, but the name of the group was reverted to Banca Intesa in 2003.
In 2007, Banca Intesa merged with another banking group Sanpaolo IMI to become Intesa Sanpaolo.
Banca Intesa was formed in 1998 from the merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto (former Nuovo Banco Ambrosiano and its predecessor Banco Ambrosiano, as well as Banca Cattolica del Veneto).
In 1999, Banca Commerciale Italiana entered the group, which pursuant to the merger in 2001, changed its name in IntesaBCi; on 1 January 2003, the group's name changed to Banca Intesa. The group also acquired many regional banks, including Cariparma, FriulAdria (both sold to Crédit Agricole after 2007 merger), Carisap, Carifol.
However, Intesa also sold some of them, for example Carispezia (to Banca CR Firenze in 2004), Cassa di Risparmio di Alessandria, Banca di Legnano (to Banca Popolare di Milano), Cassa di Risparmio di Carrara (to Banca Carige) and Banca Carime (to Banca Popolare Commercio e Industria in 2001). 20 branches was also sold to Banca Nuova,[2] [3] with additional 26 branches was sold to Banca Nuova's parent company Banca Popolare di Vicenza on 1 January 2001,[4] for 250 billion lire, as well as 51 branches to Unipol Banca for 400 billion lire,[5] as part of the response to the Italian Competition Authority investigation, on the monopoly of the bank after the merger with Banca Commerciale Italiana.
Crédit Agricole was the major shareholder of the group for 25.51% shortly before the merger of Intesa with BCI.[6]
Banca Intesa and Sanpaolo IMI announced, in August 2006, that they were to merge to found Italy's biggest and Europe's third-largest banking group in terms of total assets. The effective merger date was 1 January 2007 and adopted the name "Intesa Sanpaolo SpA". The registered office of the new bank was Turin and Milan remained as the secondary registered office.
On 1 January 2007, Sanpaolo IMI merged into Banca Intesa and its name changed to Intesa Sanpaolo SpA.
Banca Intesa SpA focuses in four main business areas.
Prior the merger effective on 1 January 2007,[1] the ownership ratio was: