The Italian Intesa Sanpaolo shows interest in purchasing the large bank in RF, RIA News reports quoting Chairman of the Management Board of Intesa Bank (Intesa’s Russian subsidiary) Antonio Fallico.
«We will consider the opportunities to purchase other bank, if this happens – there will be capital increase. Currently, we are looking for those banks, which are universal for us, those, who have mostly corporate clients», - he told to journalists on the sidelines of the Investment Forum in Sochi, replying to the question if Intesa will increase the capital of its Russian subsidiary in 2017.
«We consider that the small bank in a big country is a big risk; that is why if we have a large bank in a big country, this means less risk for us», Fallico told.
According to RIA Rating data, as of January 2017, Intesa Bank ranked 87th among Russian banks with the assets, amounting to RUB 61.6 billion.