Media release 27.2.2025

Michele Castoro Appointed President of the Association of Italian Companies in Bosnia and Herzegovina

Sarajevo, 27.02.2025 – Michele Castoro, CEO of Intesa Sanpaolo Banka, has been appointed as the new President of the Association of Italian Companies in Bosnia and Herzegovina.

The Association is dedicated to strengthening economic ties, creating new investment opportunities, and fostering closer cooperation between the business communities of both countries. As Italy remains one of Bosnia and Herzegovina’s key economic partners, this appointment further reinforces a shared vision of growth, innovation, and long-term prosperity.

“I am honored to take on this role and grateful for the trust placed in me. The economic relationship between Italy and Bosnia and Herzegovina has significant potential, and I believe that stronger collaboration between our business communities will lead to new opportunities, innovation, and sustainable growth.

My focus will be on strengthening ties between Italian and Bosnian enterprises, facilitating investment, and promoting an open and dynamic business environment. I look forward to working with companies, institutions, and stakeholders from both countries to support entrepreneurship, trade, and long-term growth.

This is a great opportunity to create meaningful connections, foster economic development, and unlock new synergies”, said Mr. Castoro. 

As one of the leading financial institutions, Intesa Sanpaolo Banka remains committed to supporting businesses and strengthening international cooperation, actively contributing to an economic environment that benefits both local and Italian enterprises.

By leveraging the expertise of the business community and the support of financial institutions, the Association of Italian Companies in Bosnia and Herzegovina is well-positioned to achieve remarkable results and collaborate with all stakeholders in building a more prosperous and innovative business ecosystem.