The largest Italian banking group, Intesa Sanpaolo, has made progress in transferring Russian assets to local government. In this respect writer Reuters quotes a source close to the process. According to the agency’s interlocutor, the group is close to obtaining the appropriate clearance from the Russian authorities.
The Italian side’s position on the sale of enterprises in the Russian Federation has not changed, the agency reported.
“Intesa has said in the past that it is working on “choosing a counterparty” for the transfer of its Russian business, but has reported no progress on this. Previously, there was no information that the company was close to getting approval to exit Russian assets,” Reuters reports.
The agency said that if the deal is approved, it could lead to similar decisions for other foreign banks that continue to operate in Russia. However, another source, who asked not to be named, told Reuters that final approval has not yet been received and it is not clear whether it will be given.
August 2 reportedIt is reported that Intesa Sanpaolo bank has decided to close its representative office in Moscow within a few months. However, the agency noted that this will not affect the work of the Russian “daughter” “Bank Intesa”.
The Italian bank announced a strategic review of its view on its presence in Russia in March 2022. Banca Intesa is monitored by a special crisis unit, Intesa Sanpaolo. The group has not provided new financing to Russian and Belarusian companies since the end of February, has not invested in financial instruments of both countries on the basis of a special operation.
Formerly Intesa Bank introduced commissions when depositing cash dollars and euros into the account.
Source: Gazeta
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