04 ott 2024
Intesa Sanpaolo is enhancing its presence in Spain through its Corporate & Investment Banking division, focusing on energy and infrastructure sectors.
The bank has participated in significant financial operations between Italy and Spain, totaling around 27 billion euros in the past two years.
Spain is a key partner for Italy, with investments in strategic sectors driving economic growth and competitiveness.
Intesa aims to expand its services in Spain, leveraging its strong lending activities and international network to offer a comprehensive range of financial solutions.
In the dynamic landscape of European banking, Intesa Sanpaolo is focusing on strengthening its connections with Spain, particularly through its Corporate & Investment Banking division led by Mauro Micillo.
This division has been pivotal in bridging Italy and Spain, participating in 13 major financial operations worth approximately 27 billion euros over the last two years.
Notable projects include advising Enel on its partnership with Masdar for photovoltaic plants in Spain and financing the joint venture between Orange and MasMovil.
Spain ranks as the second-largest destination for Italian investments, following the USA, with investments reaching about 43 billion euros by the end of 2022.
Micillo emphasizes the importance of investments in strategic sectors like energy and infrastructure for sustainable economic development and enhancing Europe's competitiveness.
Intesa's Madrid branch, a key part of its international network spanning 24 countries, offers services to Spanish multinationals in sectors such as Infrastructure, Real Estate, Energy, and Telecom & Media.
The bank has also supported Spanish subsidiaries of major Italian and international companies, fostering a bidirectional relationship.
In 2023, Intesa ranked among the top 10 banks in Spain, particularly in Syndicated Loans and Debt Capital Market, participating in four Iberian issuances totaling 6.65 billion euros.
The bank aims to further expand by enhancing its lending activities and offering a broader range of services, including Equity, M&A, Commercial Banking, Trade Finance, Cash Management, and Structured Finance, in collaboration with its Head Office and international network.
Micillo highlights the strategic importance of Spain, noting shared cultural values and evolving commercial relations with Italy.
Despite global economic challenges, investments have remained profitable, significantly impacting GDP growth.
The NextGenerationEU initiative, with Italy and Spain as major beneficiaries, is expected to drive further growth.
Gregorio De Felice, Chief Economist & Head of Research at Intesa Sanpaolo, points out the need for investment in infrastructure, digitalization, and decarbonization to address existing gaps and support the dual transition.