Intesa Sanpaolo finalizes the migration to take over the operations of Veneto Banca in Romania

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Intesa Sanpaolo has finalized the migration for the transfer of certain assets and certain liabilities from the former Romanian branch of Veneto Banca, including its 19-agencies network, to the newly-established Intesa Sanpaolo SPA Torino Bucharest Branch.

“As a result of the transfer Intesa Sanpaolo SPA Torino Bucharest Branch has acquired a portfolio of loans and all the deposits of Veneto Banca in Romania. Furthermore, the employees of Veneto Banca were also transferred to Intesa Sanpaolo SPA Torino Bucharest Branch.

Former Veneto Banca customers now can benefit from the strength and reliability of one of the largest European banking Groups,” a press release issued on Wednesday by Intesa Sanpolo informs.

Currently, Intesa Sanpaolo Group is present on the Romanian market through two different entities: Intesa Sanpaolo Bank Romania SA (30 agencies) and Intesa Sanpaolo SPA Torino Bucharest Branch (19 agencies).

This transaction is part of the contract signed on 26th of June 2017 between Intesa Sanpaolo and the liquidators of the former Banca Popolare di Vicenza and Veneto Banca in Italy.

 

Intesa Sanpaolo Group

 

Intesa Sanpaolo Group is the leader in Italy and among the top banking groups in the euro zone, with a network of 5,900 branches, which serve 20 million clients in 40 countries around the world.

In Romania, Intesa Sanpaolo is aiming to serve customers primarily in the corporate and SME segments. It is financing local and foreign entrepreneurs who seek growth, by giving them the possibility to access not only its local products and services, but also the global ones offered by one of the most solid financial groups in the world.