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

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.

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 26^th of June between Intesa Sanpaolo and the liquidators of the former Banca Popolare di Vicenza and Veneto Banca in Italy.

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.