Papanicolaou outlines Intesa Sanpaolo's commitment to rebuilding Ukraine
ROME, July 12, 2025 (GLOBE NEWSWIRE) -- At the Ukraine Recovery Conference in Rome, Paola Papanicolaou, Head of Intesa Sanpaolo's International Banks Division, explained the Group's concrete commitment to Ukraine's reconstruction, highlighting the role of Italy's only banking group operating in the country in supporting recovery efforts through blended finance, ESG principles, and long-term investment.
Key takeaways:
Intesa Sanpaolo, through its subsidiary Pravex Bank – part of the International Banks Division – is the only Italian banking group with an operational presence in Ukraine.
In today's complex geopolitical landscape, prudence is a strategic choice. Intesa Sanpaolo acts responsibly, avoiding excessive risk exposure while remaining ready to support reconstruction with concrete projects as soon as conditions allow.
The Group actively collaborates with supranational institutions such as the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), contributing to development projects aimed at rebuilding Ukraine.
Rebuilding and revitalizing Ukraine's economy requires both private capital and support from supranational financial institutions, through blended finance mechanisms. In both areas, strong international groups like Intesa Sanpaolo play a key role.
Stability and local development are essential. Long-term investors—like Intesa Sanpaolo—invest where conditions allow for sustained presence and growth.
Across the nearly 40 countries where Intesa Sanpaolo operates—including 12 countries with commercial banking branch networks—the Group works to create conditions that attract investment and foster economic resilience.
Wherever present, the Group promotes inclusive growth, financial education, and ESG-aligned financing. In Ukraine too, the goal is to support not only economic reconstruction but also the long-term sustainable development of local communities.
As one of Europe's leading players in the transition to a low-carbon economy, Intesa Sanpaolo offers dedicated green credit lines for households and businesses, along with a growing portfolio of sustainable products—a model that can also support Ukraine's future rebuilding efforts.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
2 hours ago
- CBC
U.S., EU strike trade deal that puts 15% tariffs on European goods
The United States has struck a framework trade deal with Europe, U.S. President Donald Trump announced on Sunday. The deal includes a 15 per cent tariff on EU goods entering the U.S. and significant EU purchases of U.S. energy and military equipment.
CBC
4 hours ago
- CBC
Trump says U.S. strikes framework trade deal with EU that puts blanket 15% tariff on bloc
The United States has struck a framework trade deal with Europe, U.S. President Donald Trump announced on Sunday, averting a spiralling row between two allies who account for almost a third of global trade. The deal, which includes a 15 per cent tariff on EU goods entering the U.S. and significant EU purchases of U.S. energy and military equipment, may bring welcome clarity for EU companies. However, the baseline tariff of 15 per cent could be seen by many in Europe as a poor outcome compared to the initial European ambition of a zero-for-zero tariff deal, although it is better than the threatened 30 per cent rate. The announcement came after European Commission President Ursula von der Leyen travelled to Scotland for talks with Trump to push a hard-fought deal over the line. Trump, who is seeking to reorder the global economy and reduce decades-old U.S. trade deficits, has so far reeled in agreements with Britain, Japan, Indonesia and Vietnam, although his administration has failed to deliver on a promise of "90 deals in 90 days." Trump has periodically railed against the European Union, saying it was "formed to screw the United States" on trade. His main bugbear is the U.S. merchandise trade deficit with the EU, which in 2024 reached $235 billion US, according to U.S. Census Bureau data. The EU points to the U.S. surplus in services, which it says partially redresses the balance.
CTV News
6 hours ago
- CTV News
U.S. says tariff deadline of Aug 1 is firm, no extensions
U.S. President Donald Trump listens to members of the media after he arrived at Prestwick Airport in Ayrshire, Scotland, Friday, July 25, 2025.(AP Photo/Jacquelyn Martin) WASHINGTON — The U.S. deadline of August 1 for imposing tariffs on its trading partners is firm and there will be no extensions, U.S. Commerce Secretary Howard Lutnick said Sunday. 'So no extensions, no more grace periods. August 1, the tariffs are set. They'll go into place. Customs will start collecting the money, and off we go,' Lutnick told 'Fox News Sunday.' After the levies kick in, U.S. President Donald Trump -- who was negotiating Sunday in Scotland with European Union officials -- is still willing to keep talking, Lutnick said. Of the Europeans, Lutnick said, 'You know they're hoping they make a deal, and it's up to President Trump, who's the leader of this negotiating table. We set the table.' So far five countries have struck deals with the Trump administration ahead of the Friday deadline as it tries to overhaul the global system of largely free trade by slapping tariffs on countries that the United States deems as engaging in unfair practices. These five are Britain, Vietnam, Indonesia the Philippines, and Japan. The levies they accepted are often higher than the new base rate of 10 percent that the United States has applied to most countries since April. But they are far below the levels the Trump administration threatened to impose if no deal were reached. AFP
