IWBank
From Wikipedia, the free encyclopedia
| IWBank S.p.A. | |
|---|---|
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| Type | Public BIT: IW |
| Founded | 1999 |
| Headquarters | Milan, Italy |
| Key people | CEO Pasquale Casale |
| Industry | Banking |
| Products | Banking Stock brokerage Lease |
| Revenue | € 41 million (2004) |
| Employees | 150 (2005) |
| Website | www.iwbank.it |
IWBank S.p.A. is an Italian online bank owned by BPU Group (Banche Popolari Unite), operating in Italy, France, Luxembourg, Germany, Austria and the UK. The bank characterises its offer for economic convenience and high technological content, limiting offline operations to two offices in Milan.
[edit] History
The bank originated from @Imiweb Sim, that Imi Bank started in 1999 as a trading service for its customers. In 2001 it became a bank with the name of Imiweb Bank. In 2003 Centrobanca (BPU Group investment bank) took over 80% of Imiweb Bank, changing the name in IWBank and achieving an even balance. The management acquired a 29% stake in 2004 and the offer was extended.
[edit] Market Position
IWBank is an innovative banking institution, it focuses on a mostly young and active audience willing to sacrifice some traditional face-to-face and offline services for favourable economic conditions (low fees and high interest rates) and refined online brokerage services. It is leader in Italy for online trading (Kpmg, sep. 2004) and ranked third for stock brokerage (Assosim, 2005). It counts more than 50,000 customers (bank account owners).
