International Subsidiary Banks Division: growing results
Intesa Sanpaolo’s International Subsidiary Banks Division (ISBD) continues to grow and is a pillar of the Intesa Sanpaolo Group's operating structure and financial performance. More in detail:
- in the last three years, the Division has recorded an average growth in total assets of 7% per year, from €56.7 billion in 2019 to €70 billion in 2022
- in 2022, it contributed 14% (€504 million) to the Group's Net Income, while operating in a complex global economic and geopolitical environment
The ISBD Division serves around 7 million clients through 11 commercial banks operating in 12 countries: Slovakia, Croatia, Serbia, Egypt, Hungary, Slovenia, Albania, Romania, Bosnia-Herzegovina, Moldavia, Ukraine. The Division is also present in China, through the wealth management company Yi Tsai.
To further support its growth path, the Division’s strategy focuses on:
- bringing the Group’s distinctive skills and excellences to the CESEE region, leveraging on interdivisional synergies
- consolidating the strategic positioning in the Euro-Mediterranean region, promoting the internationalization of Italian companies
“The Euro-Mediterranean region will play an increasingly central role for global maritime routes and the countries in which we operate through our commercial banks are those with the highest expected economic growth in the area. We will contribute to this growth while we support the internationalization of Italian companies, focusing on our Group's distinctive skills, inter-divisional synergies and recovery and resilience programs.
Marco Elio Rottigni, Chief of Intesa Sanpaolo’s International Subsidiary Banks Division
Last updated 14 April 2023 at 10:31:13