Intesa Sanpaolo S.p.A., through its subsidiaries, provides various banking and financial services in Europe. It operates in five divisions: Banca dei Territori, Corporate & Investment Banking, Foreign Banks, Public Finance, and Eurizon Financial Group. The Banca dei Territori division provides commercial banking services for retail customers, private customers, and small and medium-sized enterprises. The Corporate & Investment Banking division provides factoring, trade finance, project and acquisition finance, and syndicated lending services for the capital markets, corporate customers, and financial institutions. The Foreign Banks division operates a network of approximately 1,650 branches. It also serves approximately 7.7 million customers in 13 countries. The Public Finance division offers investment and placing of financial instruments to the customers within government, public entities, local authorities, public utilities, healthcare structures, and general contractors. The Eurizon Financial Group division provides bancassurance, asset management, and asset gathering services. The company was founded in 1925 and is based in Torino, Italy.