Part of the Intesa Sanpaolo Group
On January 1st 2007 Banca Intesa Beograd started operating as a part of an even larger banking group - Intesa Sanpaolo, which was established through the merger of two Italian banks, realized in the legal sense through the integration of Sanpaolo IMI into Banca Intesa.
The newly founded Intesa Sanpaolo group is the fifth bank in Europe by size and among the top 15 in the world. It serves more than 18 million clients through a network of around 7.000 branches in 34 countries. The Intesa Sanpaolo group is the absolute leader at the Italian market with an average market share of over 20 percent in all segments of operation, which is twice more in regard to the first competitor.
With the merger of these two banks, the presence in the region of Central and Eastern Europe was significantly improved and the 6 million clients and 1.400 branches in 10 countries confirm it. Besides Serbia, up to now Banca Intesa operated in Croatia (Privredna banka Zagreb), Bosnia (Upi Banka), Slovakia (VUB Banka), Hungary (CIB Bank), Russia (KMB Bank) and the Ukraine (Ukrsotsbank). Sanpaolo IMI operates in certain markets where Banca Intesa was not present, such as Slovenia, Romania and Albania, while both banks operate paralelly in Hungary and Serbia.
As Sanpaolo IMI became the majority owner of Panonska banka in the previous year, in the first half of this year a decision shall be reached at the level of the Group on the manner of the future market appearance in Serbia.