Armenian State Interest Fund and Intesa Sanpaolo Group Sign Memorandum of Cooperation
Rome, Italy – October 7, 2024 – The Armenian State Interest Fund (ANIF) and the Italian Intesa Sanpaolo Group of banks have signed a memorandum of cooperation. The signing ceremony took place in Rome on October 7.
Within the framework of the memorandum, the parties will cooperate in projects of common interest to the Italian and Armenian business community. This agreement is expected to open new economic opportunities for both countries.
“We are happy for this opportunity to reveal the unused potential of economic cooperation between Armenia and Italy,” said Davit Papazyan, Director of ANIF. “We believe that there are open opportunities in this area, and our cooperation will be aimed at using this potential, providing sustainable economic benefits for Armenian and Italian businesses and stronger economic ties between our two countries.”
Intesa Sanpaolo Group is one of the leading banking groups in Europe and aims to support the development of the Italian economy. The Group is Italy’s leading banking group with 13.5 million customers and around 4,300 branches.
About Intesa Sanpaolo Group:
Founded in 1995, Intesa Sanpaolo Group is one of the leading banking groups in Europe with total assets of €1.05 trillion as of June 30, 2021.
The Group has 13.5 million customers and around 4,300 branches across Italy and other countries.
* It is the leader in Italy in terms of financial products and services for both individuals and businesses.