Updated; 29-06-2017, 17:25

Intesa Sanpaolo increases its presence in the strategic Albanian market and welcomes customers and employees of Veneto Banka in Albania

Tirana, 29 June 2017 – Further to the acquisition by Intesa Sanpaolo SpA of certain assets and liabilities of Veneto Banca SpA including Veneto Banka in Albania, Intesa Sanpaolo, warmly welcomes the Veneto Banka Albanian customers and employees in the Intesa Sanpaolo’s family.

The acquisition, subject to relevant authorizations, increases the presence of Intesa Sanpaolo in the strategic Albanian market and immediately benefit the Albanian customers’ safety and access to credit.

In fact all the customers of Intesa Sanpaolo enjoy the strength, solidity and services offered by one of the largest and strongest banking group in Europe with 19 million clients and 5.000 branches in 40 countries all over the world.

Intesa Sanpaolo therefore operates in Albania with two units:

Intesa Sanpaolo Bank with Head Office in Tirana and 31 branches all over Albania;

Veneto Banka with a network of 15 branches.   

“As Head of Intesa Sanpaolo’s International Subsidiary Banks Division it’s a great pleasure to welcome to our group the customers and employees of Veneto Banka in Albania” said Ignacio Jaquotot.

“I have been working and living in Albania for years and I am sure that this acquisition will help to further develop the already good business relationships between Italy and Albania” said Silvio Pedrazzi, CEO of Intesa Sanpaolo Bank Albania SA. 

Intesa Sanpaolo

Intesa Sanpaolo is among the top banking groups in the euro zone and is the leader in Italy in all business areas (retail, corporate, and wealth management). The Group offers its services to 11.1 million customers through a network of over 3,900 branches well distributed throughout the country with market shares no lower than 12% in most Italian regions.

Intesa Sanpaolo has a selected presence in Central Eastern Europe and Middle Eastern and North African areas with over 1,100 branches and 7.7 million customers belonging to the Group’s subsidiaries operating in commercial banking in 12 countries.

Moreover, an international network of specialists in support of corporate customers spreads across 28 countries, in particular in the Middle East and North Africa and in those areas where Italian companies are most active, such as the United States, Brazil, Russia, India and China.