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History

Intesa Sanpaolo was created on 1 January 2007, through the merger of two leading Italian banking groups, Banca Intesa and Sanpaolo IMI. The first steps toward the merger process were taken on 26 August 2006, when the Boards of Directors of the two banks approved the guidelines for the merger plan, which was then approved on 12 October and ratified by the Extraordinary Shareholders' Meetings of the two banks on 1 December of the same year.

1998
Merger of Istituto Bancario San Paolo di Torino (which has its roots in the Monte di Pietà founded in Turin in 1536), and IMI, and the renaming of the entity as Sanpaolo IMI.

2000
Sanpaolo IMI continued to grow nationally, acquiring Banco di Napoli (that was founded as long ago as 1539 as a charitable institution focussed on helping the needy), entering into the share capital of Cassa dei Risparmi di Forlì e della Romagna and setting up strategic alliances with leading Italian and foreign banking institutions.

2001 - 2002
Integration with the Cardine Group, established through the merger of the Casse Venete and Casse Emiliano Romagnole Groups and consisting of seven banks (Cassa di Risparmio in Bologna, Cassa di Risparmio di Venezia, Cassa di Risparmio di Udine e Pordenone, Cassa di Risparmio di Gorizia, Banca Popolare dell'Adriatico - renamed Banca dell'Adriatico - and Banca Agricola di Cerea), operating in northeastern Italy and along the Adriatic coast.

2003
Steps were taken to ensure the integration of Banco di Napoli and the Banks of the Cardine Group. To facilitate this integration process, companies operating within the same territory were combined: Banca Agricola di Cerea was therefore taken over by Cassa di Risparmio di Padova e Rovigo - renamed Cassa di Risparmio del Veneto - while Cassa di Risparmio di Udine e Pordenone and Cassa di Risparmio di Gorizia were merged to form Friulcassa, renamed Cassa di Risparmio del Friuli Venezia Giulia. In July 2003 the spin off of Sanpaolo Banco di Napoli, the major bank operating in southern Italy, was completed and in 2007 the bank took its original denomination Banco di Napoli.

2004
Integration of all of the Group's Commercial Banks, adopting the same organisational and business model and the same IT platform, was completed.

2005
The project for the new Insurance pole is launched and in October the strategic plan for the three-year period 2006-2008 is presented.

2006
In January, the second phase of the development of the Savings and Pensions pole, which envisages the integration of Asset Management (Eurizon Capital SGR) into Eurizon Financial Group already including the insurance company EurizonVita (formerly AIP) and Banca Fideuram, is approved. In 2007, Eurizon Financial Group will be merged into Intesa Sanpaolo. After this merger, the three companies under Eurizon Financial Group's control will report directly to Intesa Sanpaolo.

Banca Intesa was formed in 1998 from the merger of Cariplo and Banco Ambrosiano Veneto. In 1999, Banca Commerciale Italiana joined the Intesa Group. With the subsequent merger of COMIT into Banca Intesa (May 2001), the group took the name IntesaBci.In December 2002 the Shareholders' Meeting resolved the change of the company name to Banca Intesa, effective as of January 1, 2003.

Historical evolution


	Last updated: 29-09-2008 16:05:25