ArmInfo. Italian bank "Intesa" will conduct research in Armenia on the subject of prospects for cooperation in areas of interest to the bank. This was reported during a meeting of the adviser of the Union of Industrialists and Entrepreneurs (UMPS), Ph.D. Edward Panoyan with the head of the Russian branch of the bank, Professor Antonino Fallico. The meeting took place in Austria on the margins of the International Expert Meeting.
During the meeting, the sides discussed the possibility of establishing links between the business associations of the two countries, the press service of UMBA reports. According to the agreement reached, UMBA with Confindustria (Confederazione generale dell'industria italiana) will develop a draft cooperation agreement. Information on the areas representing business for Armenia will be sent to the Italian side in order to effectively organize a meeting of the two countries' entrepreneurs in the B2B format. Note that Intesa Bank is a Russian subsidiary of the Intesa Sanpaolo Group (Italy). Inteza Sanpaolo is one of the largest banking groups in the eurozone and the absolute leader in the banking services market in Italy. 100% of Bank of Intesa shares are owned by the Intesa Sanpaolo Group. The size of the market capitalization of the Intesa Sanpaolo on February 28, 2019 amounted to 38 billion euros. According to this indicator, Intesa Sanpaolo is ranked fourth among the largest banks in the eurozone. Intesa Sanpaolo ranks first in Italy in terms of loans issued (market share is 18%) and customer funds raised (18.1%), in terms of assets in trust (20.9%) and factoring (25.6%). Intesa Sanpaolo controls 22.6% of the pension fund market. The total assets of Intesa Sanpaolo as of December 31, 2018 are 787.7 billion euros, the volume of loans issued is 393.5 billion euros, the volume of bank deposits attracted is 415 billion euros, and insurance deposits and technical reserves are 149.3 billion euros . The Group's equity is 54 billion euros (including net profit for 2018 in the amount of 4 billion euros).
Branches and representative offices of Intesa Sanpaolo serve 19.4 million customers in 37 countries. In Italy, Intesa Sanpaolo serves 11.9 million customers through more than 4,200 branches, which make up the country's most extensive branch network. The main activities of the Bank are corporate lending and lending to small and medium-sized enterprises: business loans, overdraft, refinancing, leasing vehicles, machinery and equipment, payroll projects, deposits, business mortgages, cash management services.