Intesa Sanpaolo wins Export Factor of the Year

Intesa Sanpaolo was recognized during the 56th FCI Annual Meeting for its excellence in export factoring.

Why it matters: The award underlines Intesa Sanpaolo’s position as a top international player for cross-border factoring solutions.

• In addition to Export Factor of the Year, Intesa Sanpaolo also secured 2nd place as Import & Export Factor of the Year for Europe.

The big picture: The FCI Export Factor of the Year Award evaluates service quality, factoring volume, and other competitive criteria to honor top performers in export factoring.

Background: FCI is the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables, with close to 400 member companies in more than 90 countries.

• FCI member transactions represent 50% of the world’s international correspondent factoring volume.

• Intesa Sanpaolo’s membership in FCI dates back to 1984. The Group’s subsidiary banks VUB Banka (Slovakia), Privredna banka Zagreb (Croatia) and Intesa Sanpaolo Bank (Romania) are associate members of the FCI network

Intesa Sanpaolo, with over €420 billion in loans and more than €1.35 trillion in customer financial assets at the end of June 2024, is the largest banking group in Italy, with a significant international presence through Corporate Hubs, Representative Offices and a network of subsidiary banks located in 12 countries in Central-Eastern Europe and Egypt.

With the most innovative technological platform in the market, Intesa Sanpaolo is the first leading bank to fully implement cutting-edge cloud-based core banking solutions and is among the early adopters of Artificial Intelligence solutions.