London, 11 July 2011 - The Intesa Sanpaolo Group received the
"Best Bank in Italy" award from Euromoney at a ceremony held in
London.
This recognition related to the period running from April 2010 to
March 2011 and was based on a whole range of criteria, including
size, profitability, the ability to adapt to changing market
conditions, customer service, market share of loans and deposits,
direct revenues, loans to customers, capitalisation, the extent of
the retail network, the corporate advisory service, project
financing, risk management, Core Tier 1 capital and the cost/income
ratio.
The rankings are produced annually by Euromoney, which is a
leading publication for international banking and financial
markets. The classification looks at both quantity and quality when
assessing services and performance as well as using surveys
involving institutional players in this sector.
Corrado Passera, Managing Director and Chief Executive Officer of
Intesa Sanpaolo, said "We are very proud of this award which
confirms the goodness of the medium to long term decisions made by
the Bank over the years: the orientation to real economy and the
long-term relationships with clients; consistent strategies made of
sustainable profitability consisting of operating management
-revenues and costs- but also of low-risk profile and low
leverage, strong liquidity and capital strength, the real
commitment to corporate social responsibility and growth
promotion."
Intesa Sanpaolo has a selected presence in Central-Eastern Europe,
the Middle East and North Africa with a network of more than 1,700
branches and 8.3 million customers of subsidiaries operating in
retail and commercial banking in 13 countries. Moreover, the
international network specialised in supporting corporate customers
is present in 29 countries, in particular the Middle Eastern and
North African area and those areas where Italian companies are most
active, such as the United States, Russia, China and India.