Iwbank

IWBank S.p.A.
Public (Template:ISE)
Industry Banking
Founded 1999
Headquarters Milan, Italy
Key people

Alessandro Prampolini

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 majority-owned by UBI Banca, operating in Italy, France, Luxembourg, Spain, 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.

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.

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.

External links

  • IWBank main website
  • IWBank Spanish website
  • IWBank German website
  • IWBank international site
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