Italian Leader of European Scale - Sito Istituzionale ... · Bruno Picca (*) Administration and Tax...
Transcript of Italian Leader of European Scale - Sito Istituzionale ... · Bruno Picca (*) Administration and Tax...
Italian Leader of European Scale
Updated as at 21 December 2007
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The history of Intesa Sanpaolo
20072007
20012001
19981998
20022002
20002000
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Italian banking leader of European scale
Figures as at 30 September 2007
(1) Bank of Italy criteria, figures as at 30 June 2007
The Leader in Italy
� Leader in all segments with a market share of ~19% in customer loans and deposits
� Leadership in most attractive products
� Strong capital base and best in class asset quality
Unique Customer Reach
� Largest domestic network: 6,103 branches, ~18%(1) market share and ~10.7 million clients
� Best branch footprint making the Group truly nationwide: market share >15%(1) in 15 regions out of 20
� High penetration of local markets: market share <5%(1) only in 7 provinces out of 103
� Particular strength in the wealthiest areas of Italy: strong retail presence covering more than 70% of Italian household wealth
Strategic International
Presence
� Selected retail banking presence in Central and Eastern Europe and in the Mediterranean Basin reaching ~7.2 million clients in 12 countries through more than 1,200 branches
� International network with a presence in 34 countries to support cross-border activities of corporate customers
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A partner for growth
Clients
� A true “local” bank in all Italian regions with unrivalled retail presence
� Enhanced product and service offering as result of new investments in technology and
product innovation
� Even more competitive pricing for clients in some products thanks to cost efficiencies
Shareholders
� Modern governance rules ensuring fair representation of all Shareholders and effective
management
� Ordinary payout of over 60% while maintaining a sound capital base
� Possibility to return excess capital to shareholders
Employees
� Professional growth opportunities for all employees
� Stimulating and transparent environment where merit is rewarded
� Creation of an industry leader, able to attract and retain talent
Society and
Environment
� An important growth engine for the countries where the Group operates, particularly
Italy, able to promote infrastructure development initiatives and the main business
projects of Italian corporates at home and abroad
� Great attention to the specific needs of all segments of society and promotion of
financial inclusion (i.e. immigrants, young people, non-profit entities, etc.)
� Strong commitment to environment protection and to strengthening of sustainable
local community development
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The Group at a glance
Figures as at 30 September 2007
(1) Including Net Income(2) Adjusted excluding capital gains on Crédit Agricole transaction, non-recurring integration charges, the amortisation of merger cost, the capital loss on the sale of two-thirds of the
stake in Santander, the capital gain on the stake in Borsa Italiana and non-recurring recoveries on the allowance for Employee Termination Indemnities (TFR)(3) As at 30 November 2007
~17.9 million Customers
Total Assets: €576,176m
Shareholders’ Equity (1): €53,982m
Market Capitalisation(3): €69.4bn
~10.7 million in Italy
~7.2 million abroad
7,367Branches
6,103 in Italy
1,264 abroad
Loans to Customers: €325,314m
Direct Customer Deposits: €366,652m Intesa Sanpaolo
Ratings
Moody’s Standard & Poor’s Fitch
Aa2Long term AA- AA-
P-1Short term A-1+ F1+
9M07 Net Income: €6,855m€3,760m(2)
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Leadership in Italy built on long-standing relationships with customers
Figures as at 30 September 2007(1) As at 31 December 2006
(2) Mutual funds, including assets under management of CAAM (65% Crédit Agricole – 35% Intesa Sanpaolo Group)(3) As at 30 June 2007
Ranking in Italy
31.7%
29.2%
27.2%
22.9%
19.6%
19.0%
Pension Funds
Asset Management
Foreign Trade
Factoring
Deposits
Loans1
1
1
1
1
1
(2)
(1)
(3)
7
138,0
91,6
77,8
71,6
69,8
66,8
64,6
63,8
52,4
49,2
47,8
47,8
41,8
39,8
39,6
69,4
HSBC
Santander
UniCredit Group
UBS
BNP Paribas
Intesa Sanpaolo
ABN Amro
Royal Bank of Scotland
BBVA
Barclays
Société Générale
Credit Suisse
Deutsche Bank
HBOS
LLOYDS
Crédit Agricole
European scale
EurozoneRanking
Source: BloombergPrices as at 30 November 2007
Banks’ Market Capitalisation (€bn)
1
2
5
3
4
6
7
8
9
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Corporate Governance
Giovanni Bazoli ChairmanAntoine Bernheim Deputy ChairmanRodolfo Zich Deputy Chairman (1)
Carlo Barel di Sant’Albano MemberPio Bussolotto MemberRosalba Casiraghi (*) Member (1) (2)
Giovanni Costa Member (1)
Franco Dalla Sega Member (1) (2)
Gianluca Ferrero Member (1) (2)
Angelo Ferro Member (1) (2)
Pietro Garibaldi Member (1)
Fabrizio Gianni Member (1) (2)
Giulio Lubatti Member (1) (2)
Giuseppe Mazzarello Member (1)
Eugenio Pavarani Member (1) (2)
Gianluca Ponzellini Member (1) (2)
Gianguido Sacchi Morsiani Member (1)
Ferdinando Targetti Member (1)
Livio Torio Member (1) (2)
Supervisory BoardSupervisory Board
Figures as at 15 May 2007(1) Independence requirements as set forth by the Corporate Governance Code
(2) Enrolment with the Register of Auditors and Practice in the legal audit of accounts(*) Representative of the Minority List(**) Established within the Supervisory Board
Nomination Committee Nomination Committee ((****))
Giovanni Bazoli Chairman Angelo Ferro Member (1) (2)
Fabrizio Gianni Member (1) (2)
Giuseppe Mazzarello Member (1)
Rodolfo Zich Member (1)
Remuneration Committee Remuneration Committee ((****))
Gianluca Ponzellini Chairman (1) (2)
Giulio Lubatti Member (1) (2)
Eugenio Pavarani Member (1) (2)
Enrico Salza ChairmanOrazio Rossi Deputy ChairmanCorrado Passera Managing Director and CEOElio Catania MemberGiuseppe Fontana MemberGianluigi Garrino MemberGiovanni Battista Limonta MemberVirgilio Marrone MemberEmilio Ottolenghi MemberGiovanni Perissinotto MemberMarcello Sala Member
Management BoardManagement Board
Giulio Lubatti Chairman (1) (2)
Rosalba Casiraghi Member (1) (2)
Pietro Garibaldi Member (1)
Gianluca Ponzellini Member (1) (2)
Livio Torio Member (1) (2)
Control Committee Control Committee ((****))
Giovanni Bazoli ChairmanCarlo Barel di Sant’Albano MemberAntoine Bernheim MemberPio Bussolotto MemberRodolfo Zich Member (1)
Strategy Committee Strategy Committee ((****))
Eugenio Pavarani Chairman (1) (2)
Giovanni Costa Member (1)
Gianluca Ferrero Member (1) (2)
Gianguido Sacchi Morsiani Member (1)
Ferdinando Targetti Member (1)
Financial Statements Committee Financial Statements Committee ((****))
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A customer-oriented organisation
(*) Domestic Retail
Direzioni Centrali
Direzioni Centrali
Parent Company’s Organisational Units
Subsidiaries
Corporate andInvestment
BankingDivision
Gaetano Miccichè
Banca dei TerritoriDivision (*)
Pietro Modiano(GM Deputy to the CEO)
InternationalSubsidiary Banks
Division
Giovanni Boccolini
EurizonCapital
Francis Candylaftis
Managing Director and
CEO
Head OfficeDepartments
Corrado Passera
BancaFideuram
Matteo Colafrancesco
Banca Intesa Infrastrutture e
Sviluppo
Banca OPI
Mario Ciaccia
Public Finance
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Head Office Departments
(*) Manager responsible for preparing the Company’s financial reports (Law 262/2005)
ResourceGovernance
Francesco Micheli(General Manager)
Human Resources and Organisation
ICT Systems
Operations
Real Estate and Procurement
Security
Value CreationGovernance
Carlo Messina
Control
Planning, Capital Management and Synergy Control
Risk Management
Credit Governance
Flavio Venturini
Lending Decisions
Lending Policies and Processes
Administration Governance
Bruno Picca (*)
Administration and Tax
Legal Affairs
Loan Recovery
Internal Auditing
Corporate Affairs
External Relations
Francesco Micheli (a.i.)
Pier Luigi Curcuruto
Maurizio Manzotti
Giulio Bellan
Giuseppe Gualtiero
Lucia Ariano
Carlo Messina (a.i.)
Davide Alfonsi
Eugenio Rossetti
Flavio Venturini (a.i.)
Ernesto Riva
Elisabetta Lunati
Stefano Marchetti
Renato Dalla Riva
Piero Luongo
Vittorio Meloni
Treasury Stefano Del Punta
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The Banca dei Territori Division
Retail &SME Banking
AndreaCrovetto
Private Banking(3)
PaoloMolesini
Retail Area(1)
TitoNocentini
SME Area(2)
SebastianoStrumia
10.7 million
Customers
5,934
Branches
Direct ChannelsFrancescaNieddu
Product
Companies(4)
Support and enhancement of regional brands, upgrading of local commercial positions and strengthening of relations with individuals, small businesses, SMEs and non-profit entities while deriving full synergies from a single IT and marketing & sales platform that service the whole network
Figures as at 30 September 2007(1) The Retail Area includes: Households (individual customers with financial assets up to 75,000 euro), Personal (individual customers with financial assets between 75,000 euro and
one million euro) and Small Businesses (family businesses and small enterprises with a turnover under 2.5 million euro and with loan facilities under one million euro)(2) The SME Area includes SMEs with a turnover between 2.5 million euro and 150 million euro(3) The Private Banking includes individual customers with financial assets of over one million euro(4) To serve non-profit entities a bank has been recently set up, Banca Prossima, which operates through the Group’s branches, with regional centres and a team of specialists
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The Banca dei Territori Division
Retail & SME Banking Private Banking
Retail Area
5,400 branches dedicated to10.4 million retail customers
SME Area
300 branches dedicated to200,000 SME customers
100 specialised branches and a dedicated bank with 70
branches servicing 70,000 private customers
Product Companies
60 branches specialised in industrial credit and consumer credit
Figures as at 30 September 2007
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Veneto 2 CR Padova e Rovigo Rinaldo Panzarini 361
Emilia CR in Bologna Giuseppe Feliziani 266
Veneto 1 Intesa Sanpaolo SpA Franco Dall’Armellina 232
Friuli Venezia Giulia CR del Friuli Venezia Giulia Roberto Dal Mas 176
Venezia CR Venezia Biagio Rapone 132
Romagna CR di Forlì e della Romagna Adriano Maestri 110
Trentino Alto Adige Banca di Trento e Bolzano Claudio Puerari 88
1,365
Retail & SME Banking Network made up of 27 Areas
The Banca dei Territori Division (1/2)
Area Bank Manager Branches
Torino and Province Intesa Sanpaolo SpA Marina Tabacco 333
Milano Provincia Intesa Sanpaolo SpA Luciano Nebbia 324
Lariano Intesa Sanpaolo SpA Pier Aldo Bauchiero 268
Milano Città Intesa Sanpaolo SpA Franco Ceruti 256
Lombardia Nord Est Intesa Sanpaolo SpA Bruno Bossina 225
Lombardia Sud Intesa Sanpaolo SpA Dario Pilla 214
Liguria Intesa Sanpaolo SpA Fausto Luotti 156
Piemonte Sud Intesa Sanpaolo SpA Giuseppe Pallotta 124
Piemonte Nord Intesa Sanpaolo SpA Cosetta Romagnoli 116
Biella e Vercelli Biverbanca* 107
2,123
North West
North East
Centre
Lazio Intesa Sanpaolo SpA Franco Gallia 339
Area Centro Intesa Casse del Centro Aldo Dante 312
Dorsale Adriatica Banca dell’Adriatico Roberto Troiani 230
Toscana - Umbria Intesa Sanpaolo SpA Carlo Berselli 142
1,023
(*) Sold in December 2007
Figures as at 30 September 2007
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The Banca dei Territori Division (2/2)
Area
ITALY
Bank Manager Branches
South
Napoli and Province Banco di Napoli Antonio Nucci 265
Puglia Banco di Napoli Rosario Calabrese 285
Campania Banco di Napoli Luigi Teolis 203
Calabro Lucana Banco di Napoli Francesco Guido 129
882
Islands
Sicilia Intesa Sanpaolo SpA Salvatore Immordino 201
Sardegna Intesa Sanpaolo SpA Silvio Gallo 106
307
5,700
Figures as at 30 September 2007
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The Banca dei Territori Division
Business Field Manager
Bancassurance
Main Product Companies
Company
Marco Casu
BancassuranceJoint venture *
Erik Stattin
Consumer Credit Germano Turinetto
Industrial CreditCarlo Stocchetti
Giancarlo Cavanna
LeasingEdoardo Bacis
Claudio Bocco
Payment Systems Orazio Palazzolo
Pension Funds Erik Stattin
Fiduciary Services
(*) Company not subject to full consolidation, but carried at equity
Saverio Perissinotto
Marco Tronconi
Bancassurance Angelo Galetti
Non-profit entities relations Marco Morganti
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The Corporate and Investment Banking Division
Financial InstitutionsStefano Stangoni
21,000
Customers
54 Domestic
Branches
Capital Markets & Investment BankingAndrea Munari
FactoringRony Hamaui
Supporting as a “global partner” the balanced and sustainable development of corporates and financial institutions, also internationally through a specialist network of branches, representative offices and subsidiaries focused on corporate banking
Corporate Relations(1)
Giuseppe Castagna
International Network Giuseppe Cuccurese
Merchant BankingMarco Cerrina Feroni
Figures as at 30 September 2007(1) Managing the relations with large and mid corporates (the latter with a turnover exceeding 150 million euro)
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The Corporate and Investment Banking Division
REPRESENTATIVE OFFICESDIRECT BRANCHESCORPORATE BANKS
Ankara
Bangkok
Barcelona
Beijing
Beirut
Brussels(*)
Buenos Aires
Cairo
Casablanca
Dubai
Istanbul
Los Angeles
Mexico City
Moscow
Mumbai
Paris
Intesa Bank Ireland(#)
Intesa Sanpaolo Bank Ireland
Société Européenne de Banque
Amsterdam
Athens
Frankfurt
George Town
Hong Kong
London
Madrid
Munich
Nassau
New York
Shanghai
Singapore
Tokyo
Vienna
Prague
São Paulo
Santiago
Seoul
Stockholm
Tehran
Tunis
Warsaw
Banca Intesa France
ZAO Banca Intesa
Specialist network in 34 countries for corporate customers
(#) As at 30 November 2007, the banking business of Intesa Bank Irelandwas transferred to Intesa Sanpaolo Bank Ireland
(*) Office of International and European Affairs
As at 30 September 2007
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Complete solutions for global needs of Financial Institutions
The Corporate and Investment Banking Division
Global Relationship Transaction Services
Commercial banking
Capital markets origination
Investment banking origination
Structured finance origination
Payments
Paying agency services
Global Custody & Fund services
Subcustody
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Capital Markets and Investment Banking
The Corporate and Investment Banking Division
Structuring
Trading
Sales
Capital Management
Market HUB
Advisory
Capital Markets Investment Banking
Primary Markets
Equity Capital Markets Debt Capital Markets
Structured Finance
Leveraged
& Acquisition FinanceProject Finance & Industry
Specialised Lending
Real Estate
Securitisation
Special Financing
SyndicationLoan Agency
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The International Subsidiary Banks Division
7.2 Million
Customers
1,234 Branches
in 12 Countries
Selected and strategic presence in retail banking in Central-Eastern Europe and in the Mediterranean Basin
Albania
Bosnia and Herzegovina
Croatia
Czech Republic
Egypt
Greece
Hungary
Romania
Russian Federation
Serbia
Slovakia
Slovenia
Figures as at 30 September 2007
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The International Subsidiary Banks Division
RUSSIAN FEDERATIONKMB Bank
SLOVAKIAVseobecna Uverova Banka (VUB)
CZECH REPUBLICPrague branch of VUB
CROATIAPrivredna Banka Zagreb (PBZ)
HUNGARYCentral-European International Bank (CIB)
Inter-Europa Bank
ROMANIASanpaolo IMI Bank Romania
SERBIABanca Intesa Beograd
Panonska Banka
BOSNIA AND HERZEGOVINAUPI Banka
ALBANIABanca Italo Albanese (BIA)
American Bank of Albania (ABA)
EGYPTBank of Alexandria
GREECEAthens and Thessaloniki branches of ABA
1
2
3
4
5
6
7
8
9
10
11
1
23
4
5
6
78
9
10
11
12
SLOVENIABanka Koper
12
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The International Subsidiary Banks Division
Serbia
South-Eastern Europe Area
Country Bank Manager Total Assets(euro m)
Ranking(by Total Assets)
Branches Customers
Draginja Djuric
Srñan Petrović
1,790
253
1
156 1,000,000
2
74 160,000
Albania
Lorenzo Roncari 647 26 82,000
Luigi Mastrapasqua 206 6 15,000
CroatiaBožo Prka 8,837 225 1,830,0002
Bosnia and Herzegovina
Almir Krkalić 424 46 135,0005
Romania Nicola Calabro 379 43 45,000
Figures as at 30 September 2007
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The International Subsidiary Banks Division
Hungary
Central-Eastern Europe Area
Country Bank Manager Total Assets(euro m)
Branches Customers
László Török
László Török
7,806
1,505
2
100 610,000
2
35 90,000
Slovakia Ignacio Jaquotot 7,626 238 1,500,000
Slovenia Vojko Čok 1,997 45 150,0007
RussianFederation
Reiner Mueller-Hanke 861 53 75,000
Egypt Mahmoud Abdel Latif 4,609 187 1,500,000
Commonwealth of Independent States Area
South Mediterranean & Asia Area
6
Figures as at 30 September 2007
Ranking(by Total Assets)
2
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Public Finance
Securitisation
2,700
CustomersCentral Public Administration,
Local Authorities, Public Administration’s Holding and Auxiliary Companies, Public Utilities Companies, General
Contractors, Public and Private Health Service Providers
16 Branches
Privatisation and M&A
Banking services
Subsidiaries specialised in public finance supporting public administration and infrastructure upgrading and favouring public-private sector cooperation, also pursuing development opportunities abroad in strategic countries for the Group
Project finance forinfrastructures
Long-term financing Bond issues
Debt restructuring Real estate advisory & finance
Figures as at 30 September 2007
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Eurizon Capital and Banca Fideuram
Financial Advisors
Leader in Italy in the sector of financial advisors with about 4,300 private bankers and 100 domestic branches
Asset Management
The leading company in Italy after augmenting its euro 113 billion of assets under management with the forthcoming integration of former Nextra
Figures as at 30 September 2007
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83%
15%
2%
Corporate Centre
Breakdown of 2007 nine-month consolidated results
Operating Income
Public Finance
Eurizon Financial Group(1)
International Subsidiary Banks
Corporate and Investment Banking
Banca dei Territori (*)
Breakdown
by Business Area
Breakdown
by Geographical Area
Rest of the world
Europe
Italy
(1) Merger into Intesa Sanpaolo under way. The Eurizon Financial Group subsidiaries (Eurizon Capital, Banca Fideuram, EurizonVita) will report directly to the Parent Company(*) Domestic Retail
62%15%
10%
8%
3% 2%
27
Italian network
Figures as at 30 September 2007
(°) Disposal under way(*) Banca Intesa Infrastrutture e Sviluppo
Islands
313 Banca Cis 15
Neos Banca 5Banca Fideuram 5
Intesa Sanpaolo Private Banking 3Intesa Mediocredito 2BIIS (*) 1
South
201 Banco di Napoli 719Banca dell'Adriatico 122Banca Fideuram 10Intesa Casse del Centro 9Intesa Sanpaolo Private Banking 7Intesa Mediocredito 5Neos Banca 3BIIS (*) 2Banca OPI 1
BranchesCompany
Subsidiaries
Branches
Intesa Sanpaolo
BranchesCompany
Subsidiaries
Branches
Intesa Sanpaolo
North West
2,072 Biverbanca (°) 108Banca Fideuram 38Intesa Sanpaolo Private Banking 31Neos Banca 8BIIS (*) 4Banca di Trento e Bolzano 3Intesa Mediocredito 2Banca IMI 2CR Padova e Rovigo 1
Centre
Subsidiaries
BranchesCompanyBranches
Intesa Sanpaolo
North East
332 CR Padova e Rovigo 372CR in Bologna 225CR del Friuli Venezia Giulia 155CR Venezia 134CR di Forlì e della Romagna 110Banca di Trento e Bolzano 87Banca Fideuram 22Intesa Sanpaolo Private Banking 19Neos Banca 11Intesa Casse del Centro 6BIIS (*) 2Banca OPI 2
Intesa Mediocredito 2
Subsidiaries
BranchesCompanyBranches
Intesa Sanpaolo
Company Branches
505 Intesa Casse del Centro 297Banca dell'Adriatico 81Banca Fideuram 22Intesa Sanpaolo Private Banking 8Neos Banca 6Banco di Napoli 4
CR di Forlì e della Romagna 1
Intesa Mediocredito 3
BIIS (*) 3Banca OPI 1Biverbanca (°) 1
BranchesCompanyBranches
SubsidiariesIntesa Sanpaolo
28
International network
Figures as at 30 September 2007(*) Branches of Italian Subsidiary Banca di Trento e Bolzano
(#) As at 30 November 2007, the banking business of Intesa Bank Ireland was transferred to Intesa Sanpaolo Bank Ireland(°) Office of International and European Affairs
Direct
Branches
Represent
ative Hong Kong Ankara
Shanghai Bangkok
Singapore Beijing
Tokyo Beirut
Dubai
Istanbul
Mumbai
Seoul
Tehran
Asia
Direct
Branches
Repr.
Offices
Asia
Direct
Branches
Represent
ative George Town Buenos Aires
Nassau Los Angeles
New York Mexico City
Santiago
São Paulo
America
Repr.
OfficesDirect
Branches
America
Represent
ative Country Subsidiaries Branches
Cairo Egypt Bank of Alexandria 187Casablanca
Tunis
Africa
Country BranchesSubsidiaries
Africa
Repr.
Offices
Country Subsidiaries Branches
Amsterdam Barcelona American Bank of Albania (ABA) 24Athens Brussels
(°) Banca Italo Albanese (BIA) 6Dornbirn
(*) Moscow UPI Banka 46Frankfurt Paris
Innsbruck(*) Prague
Croatia Privredna Banka Zagreb (PBZ) 225
London Stockholm
Czech Republic Vseobecna Uverova Banka (VUB) 1
Madrid Warsaw
Munich
Banca Intesa France 1
Vienna
Greece American Bank of Albania (ABA) 2
Central-European International Bank (CIB) 100Inter-Europa Bank 35Intesa Bank Ireland(#) 1
Intesa Sanpaolo Bank Ireland 1Banca Fideuram 1Société Européenne de Banque (SEB) 1
Romania Sanpaolo IMI Bank Romania 43KMB Bank 53ZAO Banca Intesa 1Banca Intesa Beograd 156Panonska Banka 74
Slovakia Vseobecna Uverova Banka (VUB) 237
Slovenia Banka Koper 45Banca Fideuram 2Sanpaolo Bank Suisse 1Banca IMI 2
Switzerland
Luxembourg
France
Serbia
Ireland
Europe
Bosnia and Herzegovina
Albania
Hungary
Russian Federation
United Kingdom
Repr.
OfficesCountry SubsidiariesDirect
BranchesBranches
Europe
Banca IMI 1