Banca Intesa announces the finalisation of the transaction carried out by its subsidiary Privredna Banka Zagreb (PBZ), the second largest Croatian bank, for the acquisition of control of LT Gospodarska banka d.d. Sarajevo (LTG banka).

PBZ had acquired a majority stake in LTG banka last October from a group of controlling shareholders at the price of €76.73 (KM 150.07) per share; afterwards a public tender offer was launched for the remaining shares at the same price.

After the completion of the tender offer PBZ holds altogether 140,724 ordinary shares, representing 66.99% of LTG banka’s ordinary share capital, for a total investment of €10.8 million.

As at 31st December 2005, LTG banka had €71.9 million of assets, €45 million of customer loans, €55.3 million of customer deposits, and €9.19 million of shareholders’ equity. For the twelve months ended 31st December 2005, its net income amounted to €119,000. The bank’s network is made up of 6 regional branches and 19 branch offices.

Gruppo Intesa is already present in Bosnia and Herzegovina where it owns 81.18% of UPI Banka, the fifth largest bank in the country, the purchase of which was completed last February.



This communication does not constitute an offer to purchase, sell or exchange or the solicitation  of  an  offer to purchase, sell or exchange any securities.  The shares of Banca Intesa S.p.A. may not be  offered or sold in the United States except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exemption from registration.



Banca Intesa
Investor Relations
+39.02.87943180
investorelations@bancaintesa.it 


Banca Intesa
Media Relations
+39.02.87963531
stampa@bancaintesa.it

www.bancaintesa.it