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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intesa Sanpaolo Spa | BIT:ISP | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.004 | -0.11% | 3.5945 | 3.594 | 3.5945 | 3.626 | 3.5905 | 3.60 | 22,235,165 | 09:17:59 |
From May 2019 to May 2024
By Joshua Kirby
Intesa Sanpaolo SpA's Sydney office is to become an operational branch and will be fully up and running in the first quarter of 2021, the Italian bank said Wednesday.
The transformation from representative office to operational branch was granted authorization by the Australian authorities in the last few days and will strengthen the bank's international network, the company said. The branch will be supervised by the Hong Kong hub.
"Australia is one of the most attractive international markets for Italian businesses," said Gianluca Cugno, head of the International Department within the IMI Corporate and Investment Banking division, adding that Intesa Sanpaolo will be the only Italian bank with a branch in the country.
Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby
(END) Dow Jones Newswires
December 30, 2020 05:32 ET (10:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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