Sanpaolo IMI S.p.A. is a banking company in Italy. The Company offers individual and professional customers a host of financial services, including retail banking, asset management, insurance, investment banking and merchant banking. In addition, Sanpaolo IMI offers global commercial banking services, carried out through a network of subsidiaries, branches and representative offices from more than 2,500 correspondent banks worldwide. It also operates Banco di Napoli, a retail bank in southern Italy. The Company is the result of the November 1998 merger between Istituto Mobiliare Italiano and Istituto Bancario San Paolo di Torino, two financial services companies in Italy.