Home Finance Intesa to scout for private banking buys once context clearer – website

Intesa to scout for private banking buys once context clearer – website

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Intesa Sanpaolo financial institution emblem is seen displayed on this illustration taken, Could 3, 2022. REUTERS/Dado Ruvic/Illustration

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MILAN, June 7 (Reuters) – Intesa Sanpaolo’s (ISP.MI) personal banking arm Fideuram will resume in search of acquisition targets in its key markets as soon as the implications of the Ukraine disaster are clearer, Fideuram CEO Tommaso Corcos was quoted as saying on Tuesday.

In an interview with Swiss monetary information web site finews.ch, Corcos stated Fideuram would look to purchase both single personal banks or groups of bankers.

“We’ll take into account particular targets in our key markets … however first we have to have a transparent image of the geopolitical penalties of all that occurred lately,” he stated.

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Reporting by Valentina Za; enhancing by Agnieszka Flak

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