Intesa Sanpaolo donates €100 million to fight COVID-19 emergency

PRESS RELEASE

INTESA SANPAOLO DONATES
€100 MILLION TO FIGHT COVID-19 EMERGENCY

AGREEMENT WITH ITALIAN CIVIL PROTECTION DEPARTMENT AND EXTRAORDINARY COMMISSIONER FOR CORONAVIRUS EMERGENCY

Milan, 20 March 2020 – Intesa Sanpaolo has signed a Protocol of Collaboration with the Department of Civil Protection of the Prime Minister's Office and with the Extraordinary Commissioner for the Coronavirus Emergency, to administer Intesa Sanpaolo’s donation of €100 million to support priority activities aimed at containing and fighting the COVID-19 health emergency.

“Italy must rapidly and significantly strengthen medical facilities throughout the country to face this sudden and unprecedented health emergency. Putting our financial strength to work and supporting this need is the reason for Intesa Sanpaolo’s donation of €100 million. This has always been our vocation: to be an element of strength for the communities of which we are part and for the whole of Italy. The current challenge is an opportunity for our country to bring out the best in itself; the response of our doctors, nurses and health workers is applauded by international authorities and needs our support. I am certain that, once we are beyond this emergency, Italy will relaunch with new energy and a greater awareness of the role it can play on a global level”, commented Carlo Messina, CEO of Intesa Sanpaolo.

The donation will be used primarily for, but not limited to, the lasting structural reinforcement of the national health care entities called to face today’s grave emergency as well as those of the future, in particular with the aim of adding 2,500 new intensive care beds.

The donation may also be used for any other essential health interventions, including:

a) increasing the number of sub-intensive care beds;

b) adding medical equipment, devices, instruments and related materials;

c) preparing new emergency health care structures, including temporary ones;

d) other temporary medical-health needs related to emergency management.

The Protocol provides that each payment of the donation be made directly to a Department of Civil Protection current account dedicated exclusively to the collection and use of Intesa Sanpaolo’s donations. The Bank, following a centralized case-by-case evaluation of all of the needs nationwide of the Extraordinary Commissioner together with the Department of Civil Protection, will jointly agree on the timing of implementation, the amount and the ultimate beneficiary.

The Extraordinary Commissioner and the Department of Civil Protection undertake to provide timely reporting to Intesa Sanpaolo, which will retain the right to verify how the sums are used.

Intesa Sanpaolo is part of Italy’s efforts to contain and overcome this emergency, directly providing its own support to significantly strengthening the National Health Care System.

Information for the media

Intesa Sanpaolo

Media and Associations Relations

stampa@intesasanpaolo.com

About Intesa Sanpaolo

Intesa Sanpaolo is one of the most solid and profitable banks in Europe, providing wealth management, consumer banking, corporate and investment banking, asset management and insurance. As the market leader in Italy, Intesa Sanpaolo serves nearly 12 million customers through digital and traditional channels. The Group’s international subsidiary banks provide for an additional 7.2 million customers in Central Eastern Europe, the Middle East and North Africa. Intesa Sanpaolo is recognized as one of the most sustainable banks in the world.

The Group believes that value creation should be interpreted broadly, supporting social purpose and driving the real economy. As part of its commitment to sustainable growth, Intesa Sanpaolo has created a €5 billion financing facility dedicated to the circular economy. The Group’s large-scale project for economic inclusion and poverty alleviation includes a Fund for Impact to provide €1.2 billion in loans to those parts of society that find access to credit difficult. Intesa Sanpaolo is deeply committed to cultural initiatives that it promotes on its own and together with partners in Italy and abroad, including permanent and temporary exhibits of the vast artistic patrimony at the Gallerie d’Italia, the Group’s three museums located in Milan, Naples and Vicenza.

Last updated 20 March 2020 at 09:27