Intesa Sanpaolo: MoU with PAM, Parliamentary Assembly of the Mediterranean

Intesa Sanpaolo MoU with PAM Parliamentary Assembly of the Mediterranean

(Tiper Stock Exchange) – Intesa Sanpaolo And WFP extensionthe Parliamentary Assembly of the Mediterranean, have signed a Memorandum of Understanding to cooperate and create synergies in areas of common interest, such as promoting access to finance, education, cultural exchange in the financial sector, sustainability and international cooperation in business in the Euro-Mediterranean and Gulf region. The goal is to contribute to the growth and development of relations, countries and societies.

Intesa Sanpaolo is the only Italian banking group to have signed an agreement with PAM, also collaborating in the creation of internships and exchange for students in order to facilitate their entry into the world of work.

The Mediterranean assumes an increasingly strategic role as a large area of ​​contact between Asia, Africa and Europe, with strong prospects for further growth. Italy, especially its south, thanks also to its geographical position, represents a natural hub in cultural and commercial relations for the entire area.

Marco Elio Rottigni, Chief International Subsidiary Banks Division said: “Through our International Subsidiary Banks Division, Intesa Sanpaolo has a strong presence in the Mediterranean Area where it manages over 950 branches operating in commercial banking in 12 countries in Central Eastern Europe and North Africa , serving 7 million retail customers. Intesa Sanpaolo, as one of the leading banking groups in the region, can benefit from its privileged position and its best practices and is particularly pleased and proud to collaborate with PAM on joint projects and activities.”

Hon. Gennaro Improve, President Emeritus of WFP said: “Fostering financial and economic integration will be key to sustaining the long-term growth and stability of our regions. Our Assembly has always been committed to this and this MoU represents another milestone in this direction. I want to sincerely thank our friends at Intesa Sanpaolo. We will work side by side for a more integrated and more sustainable Euro-Mediterranean and Gulf region”.

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