Istituto Bancario San Paolo di Torino History and Development

The Istituto Bancario San Paolo di Torino has a rich history that spans over a century. Founded in 1822 by a group of entrepreneurs, it was initially known as the Banca San Paolo.

The bank's early years were marked by steady growth, with a focus on providing financial services to the local community.

By the mid-19th century, the bank had established itself as a reputable institution, with a strong presence in the city of Turin.

Its commitment to innovation and customer service helped the bank expand its reach and reputation over the years.

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The Istituto Bancario San Paolo di Torino has a rich history that spans over 450 years. It was founded by Compagnia di San Paolo in 1563 as a mount of piety.

In the 19th-century, the bank became state-controlled and continued to operate as a mount of piety, also exercising the monte dei pegni. This dual role has continued to this day.

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In 1853, the bank became a full-fledged bank, authorized to provide credit services. This marked a significant shift in the bank's operations.

The bank's name changed to Istituto Bancario San Paolo di Torino in 1928. This change reflected the bank's growing influence and importance in the region.

During the 1930s, the bank played a crucial role in the rescue of the Banca Agricola Italiana, acquiring its network of branches in Piedmont and Liguria. This move helped stabilize the bank and ensured its continued growth.

The bank's historic building in Piazza San Carlo was severely damaged during World War II, but was rebuilt under the leadership of President Anton Dante Coda.

In the 1980s, the bank expanded its reach by acquiring a majority stake in the Banca Provinciale Lombarda, adding over 400,000 clients and 117 bank branches to its network.

The bank continued to grow and acquire new assets, including the Crediop in 1991, which was later sold to Dexia in 1999. This marked a significant turning point in the bank's history, as it began to transform into a modern financial institution.

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In 1992, the bank was transformed into a società per azioni, or company limited by shares, following the Legge Amato. This change paved the way for the bank's privatization and listing on the stock market.

The bank's major shareholders at the time included Compagnia di San Paolo, Banco Santander, and Istituto Mobiliare Italiano.

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San Paolo di Torino has undergone significant development over the years, transforming into a more structured financial institution. By the 19th century, it had expanded its services beyond charitable loans and started offering a wide range of banking activities.

In 1998, San Paolo merged with Istituto Mobiliare Italiano (IMI), a public entity that supported Italy's industrial system after the Great Depression. This merger led to the formation of Sanpaolo IMI, which combined retail loan expertise with strong business and investment banking capabilities.

Sanpaolo IMI expanded through organic and strategic acquisitions, including the acquisition of Banco di Napoli in 2000. This move significantly increased Sanpaolo IMI's presence in southern Italy.

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Sanpaolo IMI also acquired a stake in Cassa dei Risparmi di Forlì e della Romagna and formed strategic alliances with other major Italian and foreign banking institutions.

In 2001 and 2002, Sanpaolo IMI merged with Cardine Group, which operated seven banks in Italy's north-east and Adriatic coast. This merger strengthened Sanpaolo IMI's regional presence.

Here are some key dates in San Paolo di Torino's development:

The San Paolo di Torino has a rich history dating back to 1853 when it became a bank, authorized to offer credit services. It was initially a Monte dei pegni, continuing to operate in this capacity to this day.

In 1866, the San Paolo was transformed into a credito fondiario, and in 1883, it became an educatorio duchessa Isabella. This marked a significant shift in its operations, expanding its services beyond traditional banking.

The San Paolo's name was officially changed to Istituto Bancario San Paolo di Torino in 1928. This change reflected the institution's growing influence and reputation in the banking sector.

The San Paolo played a crucial role in the Italian banking system, participating in the rescue of the Banca Agricola Italiana in 1932. This move helped stabilize the banking system, which was reeling from the effects of the 1929 crisis.

The San Paolo's headquarters in Torino suffered significant damage during World War II, but it was rebuilt in the post-war period under the leadership of President Anton Dante Coda. This reconstruction effort helped restore the institution's operations and reputation.

In 1987, the San Paolo acquired a majority stake in the Banca Provinciale Lombarda, expanding its customer base and network of branches. This acquisition brought in approximately 400,000 new clients and 117 additional bank branches.

The Banca Provinciale Lombarda and the Banco Lariano were fully integrated into the San Paolo in 1993. This merger further solidified the institution's position in the Italian banking market.

The San Paolo's transformation into a société anonyme and privatization in 1992 marked a significant turning point in its history. The Compagnia di San Paolo became the largest shareholder, holding a 20.54% stake in the institution.

Sanpaolo IMI was a significant merger in the history of Istituto Bancario San Paolo di Torino. In 1998, Sanpaolo IMI was formed by the merger of San Paolo and IMI.

The merged entity, Sanpaolo IMI, had a strong presence in the Italian banking market. It was one of the largest banks in Italy at the time.

Sanpaolo IMI's headquarters were located in Turin, Italy. The bank's operations spanned across various sectors, including retail banking, corporate banking, and asset management.

Sanpaolo IMI's merger with Intesa led to the formation of Intesa Sanpaolo in 2007.

The Istituto Bancario San Paolo di Torino has a rich history dating back to 1563 when it was founded by Compagnia di San Paolo.

It started as a mount of piety, and by the late 19th-century, it was state-controlled.

The bank underwent significant changes in the 20th century, with the Compagnia di San Paolo remaining a major shareholder throughout.

In 1991, Crediop became a subsidiary of the bank, but it was later sold to Dexia in 1999 by Sanpaolo IMI, the bank's successor.

The bank was transformed from a statutory corporation to a società per azioni in 1991, with San Paolo Bank Holding S.p.A. and Istituto Bancario San Paolo di Torino S.p.A. being created.

Compagnia di San Paolo continued to hold a significant stake in the bank, owning 20.54% of the shares in 1997.

The bank absorbed Banca Provinciale Lombarda and Banco Lariano in 1994, and in 1995, it absorbed Banca Nazionale delle Comunicazioni.

By 1997, the bank was ranked second in terms of client deposits, just behind Banca Intesa.

In 1998, the bank merged with Istituto Mobiliare Italiano to form Sanpaolo IMI, with former shareholders receiving about 55.3% of the new company's shares.

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