Mediterranean Area: MoU with the Parliamentary Assembly of the Mediterranean

Intesa Sanpaolo is the sole Italian banking group having signed a Memorandum of Understanding with the Parliamentary Assembly of the Mediterranean to cooperate and create synergies in areas of common interest.

The Parliamentary Assembly of the Mediterranean (PAM), in as international organization that brings together 31 members parliaments from the Euro-Mediterranean and Gulf regions to discuss the most pressing common challenges such as humanitarian crises, economic integration, trade and investments, job creation, climate change, education, human rights, and inter-faith dialogue. PAM is a Permanent Observer at the United Nations General Assembly.

The goal of the MoU is to contribute to the growth and development of relations, countries and societies, with focus on the Mediterranean area, through activities including:

• promote access to funding
• higher education
• cultural exchange in the finance sector
• sustainability and international cooperation in trading in the Euro-Mediterranean and Gulf regions
• implementing internships and student exchanges to strengthen their skills and to facilitate their integration into the labor market

The Mediterranean assumes an increasingly strategic role as a large contact area between Asia, Africa and Europe, with a strong potential of further growth, and the South of Italy, thanks also to its geographical position, represents a natural hub in cultural and commercial relations for the entire area.

Intesa Sanpaolo has a strong presence in the Mediterranean Area where it runs, through its International Subsidiary Banks Division, over 950 branches operating in commercial banking in 12 countries in Central Eastern Europe and North Africa, serving 7 million retail customers.

Find out more about Intesa Sanpaolo's attention to the strategic role of the Mediterranean with initiatives such as the ones for the relaunch of the maritime economy: