Intesa Sanpaolo completes merger by incorporation of First Bank

Intesa Sanpaolo Spa has completed the merger of First Bank into its subsidiary, Intesa Sanpaolo Bank Romania, enhancing its market position in Central and Eastern Europe. The newly formed bank will operate under a single brand, offering an expanded network of 58 branches and over 700 ATMs. Customers will benefit from improved digital services and competitive financial solutions. The merged entity has total assets of approximately EUR3.1 billion and serves 170,000 customers. Intesa Sanpaolo's shares rose 0.5% to EUR5.61 following the announcement.