INTESA SANPAOLO WINS EUROMONEY AWARD AS BEST INVESTMENT BANK AND BEST CORPORATE BANK IN ITALY
- The awards were presented to the IMI Corporate & Investment Banking Division by Euromoney at the Awards for Excellence 2024
- Mauro Micillo (Chief of the IMI CIB Division of Intesa Sanpaolo): "The awards received are further recognition of the IMI CIB Division's business model, characterised by stability, efficiency, cost control, and quality of services offered to the corporate and institutional world"
- Several banks in the International Subsidiary Banks Division also received awards
Milan, 22nd July 2024 - Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, has been awarded as the Best Investment Bank and the Best Corporate Bank in Italy at the Euromoney Awards for Excellence 2024 held in London in recent days.
Underlying the recognition as Best Investment Bank for Italy, Euromoney identified two distinctive qualities. Firstly, stability, understood as the ability to generate value consistently and continuously, both in absolute terms and compared to other banks operating in the Italian market. Secondly, the focus on efficiency that has enabled the Division to grow in a complex environment that has seen massive staff cuts in the CIB structures of other competitors.
The IMI CIB Division, headed by Mauro Micillo, was also awarded Best Bank for Corporates for the services offered through Inbiz, the corporate banking platform for companies, which recorded a 10.4% increase in new contracts in 2023.
Inbiz is the digital portal designed for companies operating in Italy and abroad, constantly evolving with cutting-edge solutions that optimise treasury, cash and transaction banking flows, both for domestic and international operations. The awards confirm the Bank led by CEO Carlo Messina's commitment to supporting the business world, also through the digitisation of its offer and services.
Mauro Micillo, Chief of Intesa Sanpaolo's IMI Corporate & Investment Banking Division declared: "The awards received from Euromoney are further recognition of the IMI CIB Division's business model, characterised by stability, efficiency, cost control, and quality of services offered to the corporate and institutional world. In a challenging environment for all entities operating in investment banking, Intesa Sanpaolo has demonstrated resilience and the ability to grow, innovate and generate value. Over the last ten years we have further expanded our activities internationally, always with great attention to costs.
The Euromoney Awards for Excellence 2024 also honoured several Group banks belonging to Intesa Sanpaolo's International Subsidiary Banks Division. Specifically: Privredna banka Zagreb (PBZ) was recognised as “Best Bank” in Croatia; VUB Bank as “Best Bank” in Slovakia; Banca Intesa Beograd was awarded three prizes, namely “Best Bank”, “Best Bank for Corporates” and “Best Bank for ESG” in Serbia.
The Euromoney Awards for Excellence were established in 1992 and are considered to be the benchmark awards for the global banking industry, identifying those operators who have really stood out in each category and market. Judging criteria include profitability, growth, relative performance compared to competitors and the ability to adapt to changing market conditions and customer demands.
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Media Relations
Intesa Sanpaolo
Corporate & Investment Banking and Governance Areas
Last updated 22 July 2024 at 10:13
