Intesa Sanpaolo has established two new branches in Abu Dhabi and Doha as it continues to strengthen its growing international network and increase its presence in the Arabian Gulf.
In the presence of a delegation led by Mauro Micillo, head of the corporate & investment banking division of Intesa Sanpaolo, and CEO of Banca IMI (Intesa Sanpaolo’s 100% owned specialist investment bank), the bank inaugurated the new branches in Qatar and the UAE.
Intesa Sanpaolo has been present in Dubai since 2008 from where it operates its regional hub.
The new offices will allow the bank to provide its clients with a wide range of tailored financial solutions, including corporate and investment banking and trade finance.
A specific focus will be placed on structured export finance services and on sectors experiencing strong regional growth and where Intesa Sanpaolo has significant expertise and industry knowledge, such as oil and gas, fashion and luxury, and infrastructure and transport.
All three Gulf offices will work in close collaboration with Banca IMI, whose main objective is to assist its clients, including institutional investors, financial institutions, corporates, and government-related entities by offering advanced structured finance, advisory, and capital market solutions.
“The opening of our new offices in Abu Dhabi and Doha represents an important step in our international development and growth plan. Along with our existing regional hub in Dubai, our new offices underline our growing presence and long term commitment to the Gulf,” Micillo said.
He added: “The region is strategically important to Intesa Sanpaolo as we look to assist our Italian clients with their own international expansion plans. The region is also home to a number of important industry sectors and large projects where we have considerable expertise and experience including oil and gas, infrastructure and transport and fashion and luxury.”
Micillo: Growing presence in the Gulf.
