Cardine Banca

Ljubljana – The Slovenian subsidiary of Italian banking group Intesa Sanpaolo generated a net profit of EUR 18 million last year, an increase of 38.5% compared to 2020, according to figures published on Friday. Slovenia’s Intesa Sanpaolo subsidiary has also generated EUR 69 million in operating income last year, an increase of 1.5% compared to 2020, according to figures released today.

Italy will pay up to 17 billion euros ($19 billion) to break up two insolvent Venetian banks, which have posed a threat to the country's banking system, the government announced on June 25.