This news was published in Finextra here, Finance Derivative here, The Paypers here and eBroky, a Romanian-based newspaper, here.
International banking alliance welcomes Intesa Sanpaolo Bank Romania to its member network
IBOS Association (IBOS), an international banking network, is delighted to announce its newest member, Intesa Sanpaolo Bank Romania.
Intesa Sanpaolo Bank Romania joining the network enriches IBOS’s strong geographic coverage in Europe and provides specialist local knowledge to help businesses prosper in Romania, generating captivating global opportunities for all IBOS member banks.
As an international alliance consisting of some of the largest banks in the world, IBOS allows its members to provide local banking services across the globe. This therefore permits businesses to operate across several jurisdictions where they themselves are not present.
As a result, IBOS helps customers operate efficiently, avoid exchange rate risks and streamline cash management in multiple jurisdictions through its innovative online portal centred on opening accounts for its members’ new corporate customers, making IBOS accessible and open for business 24/7. The network’s advanced online platform for member banks is an effective tool that has certainly changed how the market operates.
IBOS Managing Director, Manoj Mistry, commented: “We are delighted to welcome Intesa Sanpaolo Bank Romania as our newest IBOS member. This will expand the IBOS network’s pool of knowledge, enabling members to develop fruitful cooperation that will benefit all member banks and their corporate clients.”
Vlad Ponta, Intesa Sanpaolo Bank Romania Head of Corporate and SMEs Division and Deputy General Manager , added: “Joining the IBOS alliance is a strategic decision of the Bank, with a great impact also for Romania, which confirms the Bank and the country’s aspiration to continue to develop and strengthen the attractiveness of its offerings to businesses across the globe. While already leveraging on our belonging to one of the most solid European banking Group, we look forward to collaborating with the other member banks to provide further benefits to our corporate clients through the advantages of being part of the IBOS network.”
Throughout 2023, the IBOS network will continue to grow and is motivated to expand its international alliance across the globe. Through IBOS, global corporate business can work locally.
About IBOS Association
Since its launch in 1994, IBOS has developed into a global banking and cash management alliance, with its member banks now providing geographic coverage to clients across the globe as follows: Silicon Valley Bank (USA), CIC – Crédit Mutuel (France), Intesa Sanpaolo Group (Italy, Slovenia, Croatia and Germany), Bank of Ireland, KBC (Belgium, Bulgaria, Czech Republic, France, Hungary, Slovakia), NatWest (UK), Nykredit (Denmark), Royal Bank of Canada (Canada), Santander Group (UK, Spain, Portugal, Poland, Brazil, Colombia, Peru, Uruguay, Chile and Mexico), UniCredit Group (Austria, Germany, Italy, Romania and Russia) and PNC Bank (USA).
About Intesa Sanpaolo
Intesa Sanpaolo Bank Romania is the subsidiary of Intesa Sanpaolo, one of the top banking groups in Europe, with a significant ESG commitment, a world-class position in Social Impact and strong focus on climate.
Intesa Sanpaolo has a strategic international presence, with over 950 branches and 7.1 million customers, comprising subsidiaries operating in commercial banking in 12 countries in Central Eastern Europe and Middle Eastern and North African areas and an international network of specialists in support of corporate customers across 25 countries, in particular in the Middle East and North Africa and in those areas where Italian companies are most active.