Tuesday, May 4, 2010

Banka Intensa in Russia

The largest Italian financial group Intesa Sanpaolo came to Russia in early seventies when their first representative office had been opened in Moscow. 

Today, thanks to the work of the Moscow office and Banca Intesa, the Russian subsidiary bank of the group, Intesa Sanpaolo is now represented in 25 Russian regions. In 2010 Banka Intesa merged with a bank that has been working in the Urals for a long time - KMB BANK, a trend setter in terms of working with small and medium sized business. 

The reorganisation has been a part of the strategic plan for  development of the group's presence in Russia. Intesa Sanpaolo is the bank that owns the controlling interest in Banca Intesa (86.75%), is one of the largest in Europe, and serves more than 19.4 million clients in 40 countries.

Prior to 2010 there were two subsidiary companies in Russia - CJSC Banca Intesa serving medium-sized and large companies and KMB BANK specialised in lending to small and medium-sized companies. The reorganisation enables  to use the experience of both of them for the establishment of one strong bank experienced in different segments of the market.  

Banca Intesa is already assuming serious positions in the financial services market in the Urals Federal District. Russia's largest companies which constitute the real sector of the country's economy are located here. The Urals is the most important source of the budget money in Russia, it has huge raw materials reserves, here we see the state of the art technologies implemented, and the region demonstrates good economic indicators. This region is extremely interesting for Banca Intesa. 

Nat Lawyer

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