Intesa Sanpaolo is “Bank of the Year in Italy” for third consecutive year
Intesa Sanpaolo has been named “Bank of the Year in Italy” by The Banker for the third consecutive year. The recognition as best bank in Italy by the Financial Times Group’s leading publication for the banking sector was announced on the occasion of the “Bank of the Year Awards 2022”.
According to The Banker, Intesa Sanpaolo stood out for:
- its role in supporting Italy’s National Recovery and Resilience Plan, providing more than €400 billion in new lending to the real economy, including €270 billion for businesses and €145 billion for households
- in this context, the bank is providing around €150 billion for households, communities and inclusion; €75 billion for the circular economy and green transition; and €60 billion for infrastructure, transportation and urban regeneration
- a renewed commitment to being a world-leading social impact bank, providing contributions of €500 million to support people in need and a project to provide 8,000 social housing units for young people and seniors, one of Italy’s largest social housing programs, as detailed in the Group’s 2022-2025 Business Plan.
Intesa Sanpaolo’s support of Italy’s real economy continues in light of the current economic difficulties – driven by increasing prices and high energy costs – with extraordinary measures dedicated to companies, to the smallest businesses, and to households, with an allocation of €35 billion. Intesa Sanpaolo has also made one-off contributions totaling nearly €90 million to help the Group’s own People manage the increasing cost of living.
The Banker’s “Bank of the Year” award recognizes the world’s leading institutions and its rigorous and analytical selection process stands out for independence, authority and integrity.