Italian Leader with a European Scale

Transcription

1 Italian Leader with a European Scale Updated as at 1 April 2014

2 The history of Intesa Sanpaolo

3 Italian banking leader of European scale The Leader in Italy Leader in all segments with a market share of 15% in customer loans and 17% in customer deposits Leadership in most attractive products Strong capital base and asset quality Unique Customer Reach Largest domestic network: over 4,700 branches, 15% (1) market share and 11.1 million clients Best branch footprint making the Group truly nationwide: market share 13% (1) in 13 out of 20 regions High penetration of local markets: market share 5% (1) in all the 110 provinces Particular strength in the wealthiest areas of Italy: strong retail presence covering more than 70% of Italian household wealth Strategic International Presence Selected retail banking presence in Central and Eastern Europe and Middle Eastern and North African countries reaching 8.4 million clients in 12 countries through a network of over 1,400 branches International network with a presence in 29 countries in support of cross-border activities of corporate customers (1) Bank of Italy criteria, figures as at 30 September

4 Solid value creation for all stakeholders Clients A real-economy Bank, that supports the real economy, leveraging a strong balance sheet to match healthy credit demand, and manages the financial wealth of clients with care A simple yet innovative Bank, acting with a truly multi-channel model Shareholders A Bank with sustainable profitability in which operational performance, productivity, risk profile, liquidity and solidity/leverage are carefully balanced 0.8bn euro cash payout for Strong and increasing ordinary cash dividend distribution for the period covered by the Business Plan, subject to regulatory requirements: 1bn euro for 2014, 2bn euro for 2015, 3bn euro for 2016, 4bn euro for Starting from , capital in excess of regulatory requirements that is not needed for further growth initiatives will be distributed to shareholders Employees Empowered and motivated people through training, job re-allocation, acknowledgement of individual merit in career development, upgrade of long-term incentives linked to productivity and results, upgrade of company welfare mechanisms Society and Environment A Bank with a distinctive identity/reputation, committed to contributing to the growth and development of the economy and society CSR deeply rooted in all business areas and staff functions, embedded in the Bank s strategy, supporting social and environmental value creation for a long-term economic development and respecting all stakeholders 4

5 The Group at a glance: Financial Highlights Total Assets euro 626,283 m Loans to Customers euro 343,991 m Direct Deposits from Banking Business euro 372,033 m Direct Deposits from Insurance Business and Technical Reserves euro 93,493 m Shareholders Equity (1) euro 44,512 m FY13 Net Income (2) euro 1,218 m Intesa Sanpaolo ~19.5 million Customers 6,227 Branches Market Capitalisation (2) (3) euro bn ~ 11.1 million in Italy ~ 8.4 million abroad 4,766 in Italy 1,461 abroad (1) Including Net Income (2) Excluding impairment of goodwill and other intangible assets (3) As at 31 March

6 The Group at a glance: Ratings DBRS Long-term Short-term Trend Long-term Trend Short-term A (low) R-1 (low) Negative Stable Fitch Ratings Long-term Short-term Viability Support Outlook BBB+ F2 bbb+ 2 Negative Moody s Long-term Short-term Financial strength Outlook Baa2 P-2 D+ Stable Standard & Poor s Long-term Short-term Outlook BBB A-2 Negative 6

7 Leadership in Italy built on long-standing relationships with customers RANKING IN ITALY 1 Loans 15.1% 1 Deposits (1) 16.5% 1 Asset Management (2) 22.1% 1 Pension Funds 23.9% 1 Factoring 32.5% (1) Including bonds (2) Mutual funds 7

8 European scale EUROZONE RANKING Source: Bloomberg Prices as at 31 March 2014 HSBC Banco Santander BNP Paribas Lloyds Banking Group UBS BBVA Barclays Royal B. of Scotland Nordea Intesa Sanpaolo ING UniCredit Credit Suisse Sberbank Standard Chartered Société Générale Deutsche Bank Crédit Agricole Caixa Bank Svenska Handelsb. Swedbank Skandinaviska Enskilda BANKS MARKET CAPITALISATION (euro bn)

9 Corporate Governance: Supervisory and Management Boards Supervisory Board appointed on 22/04/2013 Giovanni Bazoli Chairman Mario Bertolissi (*) Deputy Chairperson (1) Gianfranco Carbonato Deputy Chairperson Gianluigi Baccolini (*) Member (1) Francesco Bianchi (*) Member (1) Rosalba Casiraghi (*) Member (1) (2) Carlo Corradini Member (1) Franco Dalla Sega Member (1) (2) Piergiuseppe Dolcini Member (1) Jean-Paul Fitoussi Member (1) Edoardo Gaffeo (*) Member (1) Pietro Garibaldi Member (1) Rossella Locatelli Member Giulio Stefano Lubatti Member (1) (2) Marco Mangiagalli (*) Member (1) Iacopo Mazzei (*) Member (1) Beatrice Ramasco Member (1) (2) Marcella Sarale (**) Member (1) Monica Schiraldi Member (1) Management Board appointed on 09/05/2013 Gian Maria Gros-Pietro Marcello Sala Giovanni Costa Carlo Messina ( ) Carla Patrizia Ferrari Piera Filippi Gaetano Miccichè Francesco Micheli (#) Giuseppe Morbidelli Bruno Picca Chairman (a) Senior Deputy Chairperson (b) Deputy Chairperson (b) Managing Director and CEO (b) Member (c) Member (a) Member (d) Member (d) Member (c) Member (d) (*) Representative of a Minority List (**) Marcella Sarale joined the Supervisory Board on 21/05/2013 following the resignation of Giuseppe Berta (***) Established within the Supervisory Board ( ) Appointed board member on 09/05/2013, and Managing Director and CEO on 29/09/2013 replacing Enrico Tommaso Cucchiani, who ceased to hold office on the same date (#) Appointed on 29/09/2013 (1) Independence requirements as set forth in the Corporate Governance Code (2) Enrolment with the Register of Statutory Auditors and practice as an auditor (a) Non-executive, independent in accordance with Art. 148 of Consolidated Law on Finance (b) Executive (c) Non-executive (d) Manager, executive Control Committee ( *** ) Giulio Stefano Lubatti Chairman (1) (2) Rosalba Casiraghi Member (1) (2) Carlo Corradini Member (1) Edoardo Gaffeo Member (1) Beatrice Ramasco Member (1) (2) Nomination Committee ( *** ) Giovanni Bazoli Chairman Gianluigi Baccolini Member (1) Mario Bertolissi Member (1) Gianfranco Carbonato Member Iacopo Mazzei Member (1) Remuneration Committee ( *** ) Marco Mangiagalli Chairman (1) Rosalba Casiraghi Member (1) (2) Piergiuseppe Dolcini Member (1) Strategy Committee ( *** ) Giovanni Bazoli Chairman Mario Bertolissi Member (1) Francesco Bianchi Member (1) Gianfranco Carbonato Member Jean-Paul Fitoussi Member (1) Financial Statements Committee ( *** ) Rossella Locatelli Chairperson Gianluigi Baccolini Member (1) Pietro Garibaldi Member (1) Marcella Sarale (**) Member (1) Monica Schiraldi Member (1) Related Party Transactions Committee ( *** ) Franco Dalla Sega Chairman (1) (2) Pietro Garibaldi Member (1) Marco Mangiagalli Member (1) Carlo Corradini Alternate Member (1) 9

10 A customer-oriented organisation Parent Company s Organisational Units Subsidiaries Managing Director and CEO Carlo Messina Chief Financial Officer Stefano Del Punta Chief Operating Officer Governance Area Francesco Micheli Chief Lending Officer Governance Area Eugenio Rossetti Chief Risk Officer Governance Area Bruno Picca Chief Governance Officer Governance Area Paolo Grandi Wealth Management (1) Governance Area Gianemilio Osculati Banca dei Territori Division (*) Corporate and Investment Banking Division International Subsidiary Banks Division Banca Fideuram Eurizon Capital Carlo Messina (CEO) Gaetano Miccichè (GM) Ignacio Jaquotot Matteo Colafrancesco Tommaso Corcos (*) Domestic Commercial Banking (1) Coordinating: bancassurance (Intesa Sanpaolo Vita and Intesa Sanpaolo Assicura), pension funds (Intesa Sanpaolo Previdenza) and asset management (Eurizon Capital). 10

11 Head Office Departments (*) Chief Operating Officer (1) Francesco Micheli Chief Financial Officer (2) Stefano Del Punta Chief Lending Officer (3) Eugenio Rossetti Chief Risk Officer (4) Bruno Picca Chief Governance Officer (5)(6) Paolo Grandi Human Resources Personnel and Organisation ( ) ICT Systems ( ) Operations ( ) Real Estate ( ) Loan Recovery ( ) Legal Affairs ( ) Planning, Strategic ALM and Capital Management Budget and Control Treasury Lending Decision Non-performing Loans International Subsidiary Banks Lending Compliance Risk Management Corporate Affairs Administration and Tax (7) Internal Auditing (8) External Relations (5) 11 Francesco Micheli (a.i.) Salvatore Poloni Silvio Fraternali Enrico Bagnasco Luca Luca Tedesi Tedesi Stefano Marchetti Elisabetta Lunati Nicola Maria Fioravanti Paolo Bonassi Giuseppe Attanà Nicolagiovanni Di Vico Claudio Battistella Paolo Sarcinelli Piero Boccassino Davide Alfonsi Piero Luongo Ernesto Riva Renato Dalla Riva Vittorio Meloni (*) Reporting to the Chairman of the Management Board: Secretariat of the Chairman of the Management Board (G. Paladino). Staff Units reporting to the Managing Director and CEO: Strategic Operations and Special Projects (G. Gilli), Safety (R. Zani) ( ) Intesa Sanpaolo Group Services (1) Also reporting to the COO, within Intesa Sanpaolo Group Services: Administration and Control (A.Chioatto), Internal Communication (A. Zorzi), Procurement (R. Pagnanelli), Contact Unit (A. Braghò) (2) Also reporting to the CFO: Investor Relations (A. Tamagnini), Rating Agencies (M. Delfrate), Research (G. De Felice) (3) Also reporting to the CLO: Specialist Rating Valuation and Risk Indicator Control (G. Pompa) (4) Also reporting to the CRO: Credit Quality Monitoring (R. Dallan), Anti money-laundering (G. La Sorda), Internal Validation (P. Di Biasi) (5) Reporting to the CEO, the Supervisory Board and the Management Board (6) Also reporting to the CGO: General Secretariat of the Supervisory Board (P. Grandi a.i.), Institutional Equity Investments (A. Nodari), Corporate Social Responsibility (V. Serrentino), International Regulatory and Antitrust Affairs (P. Grandi a.i.), Laboratorio Banca e Società (M. Morganti) (7) The Administration and Tax Department reports to the CEO. Ernesto Riva is the Manager responsible for preparing the Company s financial reports (Law 262/2005). (8) Exclusively reporting to the Supervisory Board and the Management Board

12 The Banca dei Territori Division Retail (1) Small Business (2) 11.1 million Customers Product Companies (5) SME (3) Corporate Italia (4) 4,609 Branches Direct channels Support and enhancement of regional brands, upgrading of local commercial positions and strengthening of relations with individuals, small and medium-sized businesses and Non-profit Entities while deriving full synergies from a single IT and marketing & sales platform that services the whole network (1) Retail customers include: Households (individual customers with financial assets under 100,000 euro), Personal (individual customers with financial assets between 100,000 euro and one million euro), Private (individual customers with financial assets of over one million euro) (2) Small Business customers include family businesses and small enterprises with a turnover under 2.5 million euro and with loan facilities under one million euro (3) SME customers include SMEs with a turnover between 2.5 million euro and 150 million euro or with a turnover under 2.5 million euro and with loan facilities equal to at least one million euro (4) Corporate Italia customers include Mid Corporates with a turnover between 150 and 350 million euro (5) Private banking, bancassurance, industrial credit, consumer credit, payment systems, relations with Non-profit Entities, factoring and leasing 12

13 The Banca dei Territori Division Retail Small Business SME Corporate Italia 4,096 branches dedicated to 10.9 million Retail customers (Households, Personal and Small Businesses) and 140 branches dedicated to 77,000 Private customers 308 branches dedicated to 133,000 SME and Mid Corporate customers and 65 branches serving 50,000 Non-profit Entities 13

14 The Banca dei Territori Division: 7 Regional Governance Centres GOVERNANCE CENTRES MANAGER BRANCHES Piemonte, Valle d Aosta and Liguria Lombardia Milano and Province Veneto, Friuli-Venezia Giulia and Trentino-Alto Adige Emilia-Romagna, Marche, Abruzzo and Molise Toscana, Umbria, Lazio and Sardegna Campania, Basilicata, Calabria, Puglia and Sicilia Antonio Nucci Pier Aldo Bauchiero Franco Ceruti Omar Eliano Lodesani Adriano Maestri Luciano Nebbia Franco Gallia

15 The Banca dei Territori Division: Main Product Companies Business Field Companies Manager Private Banking Paolo Molesini Non-profit Entities Relations Marco Morganti Industrial Credit and Leasing Andrea Bressani Bancassurance Gianemilio Osculati Pension Funds Gianemilio Osculati Consumer Credit Marco Cesareo Payment Systems Maurizio Manzotti Fiduciary Services Marina Tabacco Factoring Rony Hamaui 15

16 The Corporate and Investment Banking Division Global Industries (1) Teresio Testa 15,000 Customers Capital Markets, Investment Banking and Structured Finance Mauro Micillo Global Banking & Transaction Stefano Stangoni Corporate and Public Finance (2) Marco Rottigni 60 Domestic Branches International (3) Walter Ambrogi Merchant Banking Marco Cerrina Feroni Global partner for corporates and financial institutions, also internationally through a specialist network of branches, representative offices and subsidiaries focused on corporate banking, and for public administration (1) Corporates, with global reach, operating in six key industries with high growth potential (oil & gas, power & utilities, automotive, infrastructure, telecom & media, luxury & consumer goods) (2) Italian corporates with a turnover higher than 350 million euro that are not part of the Global Industries segment (3) Corporates with a foreign-based parent company that are not part of the Global Industries segment. Includes a specialist network of branches, representative offices, and subsidiaries carrying out corporate banking 16

17 The Corporate and Investment Banking Division The International department within the Division supervises a network of specialists spread across 29 countries serving corporate customers CORPORATE BANKS DIRECT BRANCHES REPRESENTATIVE OFFICES (1) Abu Dhabi Casablanca Dubai Hub Dubai Beirut Cairo Istanbul Tunis Hong Kong Hub Hong Kong Shanghai Singapore Tokyo Beijing Ho Chi Minh City Mumbai Seoul Sydney London Hub Amsterdam Frankfurt London Madrid Paris Warsaw Athens Moscow Stockholm New York Hub George Town New York Santiago São Paulo (1) The Representative offices include the International Regulatory and Antitrust Affairs and Intesa Sanpaolo Eurodesk based in Brussels 17

18 The Corporate and Investment Banking Division Complete solutions for global needs of Financial Institutions and Corporate clients Global Relationship Transaction Banking Trade & Export Finance Cash Management Banks Export Trade Trade Services Insurances and Financial Institutions Non-Banks Agency Services Structured Trade Funds Local Custody ECAs 18

19 The Corporate and Investment Banking Division Capital Markets, Investment Banking and Structured Finance Capital Markets Fixed Income, Currency & Commodities Equity Structured Finance Project & Acquisition Finance Corporate Sales Credit Solutions Group Real Estate Corporate Solutions Investment Banking Industry Groups & M&A Equity Capital Markets Debt Capital Markets Syndication Portfolio Monitoring Loan Agency 19

20 The International Subsidiary Banks Division Albania Romania Bosnia and Herzegovina Russian Federation Croatia 8.4 Million Customers Serbia Czech Republic Egypt 1,442 Branches in 12 Countries Slovakia Slovenia Hungary Ukraine (*) Selected and strategic presence in retail banking in Central-Eastern Europe and Middle Eastern and North African countries (*) In January 2014 an agreement was signed for the sale of 100% of Pravex-Bank. Finalisation of the transaction is subject to regulatory approval 20

21 The International Subsidiary Banks Division PRODUCT COMPANIES BANKS 1 ALBANIA 2 BOSNIA AND HERZEGOVINA CROATIA CZECH REPUBLIC Prague branch of EGYPT 6 HUNGARY 7 ROMANIA 8 RUSSIAN FEDERATION 9 SERBIA 10 SLOVAKIA SLOVENIA UKRAINE (*) (*) In January 2014 an agreement was signed for the sale of 100% of Pravex-Bank. Finalisation of the transaction is subject to regulatory approval 21

22 The International Subsidiary Banks Division Country Bank Manager Total Assets (euro m) Ranking (by Total Assets) Branches Customers Albania Silvio Pedrazzi ,000 Bosnia and Herzegovina Almir Krkalić ,000 Croatia Božo Prka 9, ,650,000 Egypt Roberto Vercelli 5 4, ,591,000 Hungary Pál Simák 5 6, ,000 Romania Marco Capellini 1, ,000 22

23 The International Subsidiary Banks Division Country Bank Manager 2 Total Assets Ranking Branches Customers (euro m) (by Total Assets) Russian Federation Olga Lein 1, ,000 Serbia Draginja Djuric 3, ,673,000 Slovakia Alexander Resch 11, ,723,000 Slovenia Giancarlo Miranda 2, ,000 Ukraine (*) Taras Kyrychenko ,000 (*) In January 2014 an agreement was signed for the sale of 100% of Pravex-Bank. Finalisation of the transaction is subject to regulatory approval 23

24 Eurizon Capital and Banca Fideuram Asset Management The leading company in Italy with approximately 164 billion euro of assets under management Financial Advisors Leader in Italy in the sector of financial advisors with 5,104 private bankers and 97 domestic branches 24

25 Breakdown of consolidated results as at 31 December 2013 Operating Income Breakdown by Business Area (*) Breakdown by Geographical Area 5.0% 2.2% 20% 18.7% 12.1% 62.0% 80% Banca dei Territori Division (1) International Subsidiary Banks Division Corporate and Investment Banking Division Banca Fideuram Eurizon Capital Italy Other Countries (*) Excluding Corporate Centre (1) Domestic Commercial Banking 25

26 The Group Italian network NORTH WEST Intesa Sanpaolo Subsidiaries Branches Company Branches 1,435 Intesa Sanpaolo Private Banking 56 Banca Fideuram 37 Banca Prossima 20 Mediocredito Italiano 2 Banca IMI 1 CR del Veneto 1 CENTRE Intesa Sanpaolo Branches 242 Subsidiaries Company Branches Banca CR Firenze 582 Banca dell'adriatico 121 Intesa Sanpaolo Private Banking 23 Banca Fideuram 22 Banca Prossima 7 Banco di Napoli 3 Mediocredito Italiano 2 NORTH EAST Intesa Sanpaolo Branches Subsidiaries Company Branches 26 CR del Veneto 382 CR in Bologna 179 CR del Friuli Venezia Giulia 122 CR Venezia CR di Forlì e della Romagna Banca di Trento e Bolzano 75 Banca Monte Parma 67 Intesa Sanpaolo Private Banking 38 Banca Fideuram 22 Banca Prossima 14 Mediocredito Italiano 2 SOUTH Intesa Sanpaolo Branches Subsidiaries Company Branches 11 Banco di Napoli 663 Banca dell'adriatico 101 Intesa Sanpaolo Private Banking 18 Banca Prossima 15 Banca Fideuram 11 Mediocredito Italiano 2 ISLANDS Intesa Sanpaolo Subsidiaries Branches Company Branches 162 Banca di Credito Sardo 90 Banca Prossima 9 Banca Fideuram 5 Intesa Sanpaolo Private Banking 5 Mediocredito Italiano 1 26

27 The Group International network EUROPE Direct Branches Amsterdam Frankfurt Innsbruck (1) London Madrid Paris Warsaw Representative Offices Athens Brussels (2) Istanbul Moscow Stockholm Country Subsidiaries Branches Albania Intesa Sanpaolo Bank Albania 31 Bosnia and Herzegovina Intesa Sanpaolo Banka Bosna i Hercegovina 51 Croatia Privredna Banka Zagreb 203 Czech Republic VUB Banka 1 Hungary CIB Bank 95 Ireland Intesa Sanpaolo Bank Ireland 1 Luxembourg Banca Fideuram 1 Société Européenne de Banque (SEB) 1 Romania Intesa Sanpaolo Bank Romania 76 (*) Russian Federation Serbia Slovakia Slovenia Switzerland Ukraine Banca Intesa Banca Intesa Beograd VUB Banka Banka Koper Intesa Sanpaolo Private Bank (Suisse) Pravex-Bank(3) United Kingdom Banca IMI 1 AFRICA Representative Offices Country Subsidiaries Branches AMERICA Direct Branches George Town New York Representative Offices Santiago São Paulo OCEANIA Representative Offices ASIA Direct Branches Dubai Hong Kong Shanghai Singapore Tokyo Representative Offices Abu Dhabi Beijing Beirut Ho Chi Minh City Mumbai Seoul Cairo Casablanca Tunis Egypt Bank of Alexandria 174 Sydney (1) Branch of Italian subsidiary Banca di Trento e Bolzano (2) International Regulatory and Antitrust Affairs and Intesa Sanpaolo Eurodesk (3) In January 2014 an agreement was signed for the sale of 100% of Pravex-Bank. Finalisation of the transaction is subject to regulatory approval 27