Italian banking merger shows change in attitudes

Italian banking took an overdue step into the 21st century last week with the merger of Banca Intesa and Sanpaolo IMI, a move set to create a €65 billion banking behemoth and a European top-ten player.

2nd September, 2006

Italian banking took an overdue step into the 21st century last week with the merger of Banca Intesa and Sanpaolo IMI, a move set to create a €65 billion banking behemoth and a European top-ten player.

The new bank will also be Italy’s number one, boasting 13 million customers and a 20 per cent Italian market share.

It changes the face of an industry typified to date by hundreds of smaller, locally focused operators.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago