Banca Intesa

Banca Intesa S.p.A. was formed in 1998 from the merger of Cassa di Risparmio delle Provincie Lombarde (aka Cariplo) and Banco Ambrosiano Veneto (former Banco Ambrosiano).

Description

In 1999 Banca Commerciale Italiana entered the group, which pursuant to the merger in 2001 changed its name in IntesaBCi; on 1 January 2003, the group's name changed to Banca Intesa. The group also acquired many regional banks, such as Cariparma and FriulAdria (both sold to Crédit Agricole after 2007 merger), Carisap, Carifol

However also sold some of them, for example Carispezia (to Banca CR Firenze in 2004), Cassa di Risparmio di Alessandria, Banca di Legnano (to Banca Popolare di Milano), Cassa di Risparmio di Carrara (to Banca Carige) and Banca Carime (to Banca Popolare Commercio e Industria in 2001).

Crédit Agricole was the major shareholder of the group for 25.51% in circa before the merger of Intesa with BCI.

In 2007, Sanpaolo IMI merged into Banca Intesa and name changed to Intesa Sanpaolo SpA.