Intesa Sanpaolo

A surge in demand for gold from inflation-stricken Turkey boosted exports of jewelry from Italy's industrial district of Arezzo in Tuscany, data showed on Monday, offsetting a drop in leather goods sales from the nearby Florence area.

After three years of pandemic travel restrictions and rocketing energy costs, tourism is back with a vengeance to boost the economies of southern Europe as sun-seekers make up for lost time.

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.

Ljubljana – The Slovenian Intesa Sanpaolo Bank, formerly Banka Koper, last year generated EUR 12.8 million in net profit, which is 46% less than the year before. Revenue was down by 14.7% to EUR 64.6 million, the bank owned by the Italian Intesa San Paolo group said on Monday.

The Turkey Wealth Fund on March 24 announced it has finalized a syndication loan transaction amounting to €1.25 billion ($1.48 billion) with the participation of 14 banks from countries from Asia, Europe, North America, and the Middle East.

The European Investment Bank (EIB) has partnered with Intesa Sanpaolo and Societe Generale to provide EUR 190 million for SMEs in Serbia.

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.

The European Bank for Reconstruction and Development (EBRD), the Export Development Canada (EDC) and the Overseas Private Investment Corporation (OPIC), the U.S. government's development finance institution, are set to co-finance the development of a 375.75 million euro high-tech hospital in the northwestern Turkish province of Kocaeli.

An attempt by the Bulgarian Energy Holding (BEH) to raise EUR 650 M through a tender has failed and now the state-owned will move to direct talks with interested banks, Deputy Energy Minister Nikolay Nikolov said on Thursday.

Italy's Intesa Sanpaolo will focus on financing small and medium-scaled enterprises (SMEs), large corporations and big projects in Turkey through its first Istanbul branch, after approval from the Banking Regulating Board (BDDK).