Intesa Sanpaolo: results and outlook of the international subsidiary banks division
Intesa Sanpaolo’s International Subsidiary Banks Division (ISBD), headed by Marco Elio Rottigni, presented the results achieved in 2022 and the development prospects envisaged in the 2022-2025 Business Plan.
Intesa Sanpaolo, the market leader in Italy and a top bank in Europe, has a widespread international presence across three continents.
The banks of the Division, which play a primary role in their respective markets, have a network of over 900 branches, serving approximately 7 million clients. In the last three years, the Division has recorded an average growth in total assets of 7% per year; in 2022, it contributed 14% to the Group’s Net Income.
“We are very satisfied with the results obtained in 2022 and more generally over the last three years: we achieved them while operating in a complex global economic and geopolitical environment, which has led to the redefinition of international production and logistics chains” – said Marco Elio Rottigni, Chief of Intesa Sanpaolo’s International Subsidiary Banks Division. “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. In particular, we will focus our funding on the sustainable development of agribusiness supply chains – a strategic sector in the countries served – of manufacturing, trade and transport. A special recognition goes to all our People, who have contributed to the achievement of these important results and who are the real added value of our Division, and more generally of our entire Group”.