Sanpaolo IMI

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Sanpaolo IMI

Company type	Public
Industry	Bank, Insurance
Predecessor	Istituto Bancario San Paolo di Torino Istituto Mobiliare Italiano
Founded	1998 (Sanpaolo IMI)
Defunct	2007
Fate	merged with Banca Intesa
Successor	Intesa Sanpaolo
Headquarters	Turin, Italy
Key people	Alfonso Iozzo, CEO Enrico Salza, Chairman
Revenue	€ 9.726 bn (2004)
Number of employees	44,000 (2006)
Website	Gruppo Sanpaolo IMI

Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers.

On 24 August 2006, a merger with Banca Intesa was announced, which on 1 December 2006 was approved by the joint meetings of the shareholders of Banca Intesa and Sanpaolo IMI. On 2 January 2007, the merger went into effect, thereby creating Intesa Sanpaolo, now the largest Italian bank and one of the largest in the Eurozone.

The new banking company is based in Turin and is administered under the "two-tier model", with the presence of a Supervisory Board and a Board of Management. This was the first application of this model in a major Italian company.