Awards for Excellence 2008: Italy

IntesaSanpaolo, now the largest bank in Italy by market share, is having better luck with its integration of recent acquisitions than rival UniCredit, which has hit problems with management issues in Sicily and disgruntled HVB minority shareholders.

Western European regional Awards for Excellence
Austria Belgium Cyprus
France Germany Greece
Ireland Italy Luxembourg
Netherlands Portugal Spain
Switzerland United Kingdom

Best bank:  IntesaSanpaolo

Best investment bank: Mediobanca 

IntesaSanpaolo, now the largest bank in Italy by market share, is having better luck with its integration of recent acquisitions than rival UniCredit, which has hit problems with management issues in Sicily and disgruntled HVB minority shareholders.

Although IntesaSanPaolo’s performance has been hit by poor trading at its investment bank, which took a €110 million write-down on structured credit products in the fourth quarter of 2007, underlying performance looks good.

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