IWBank

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IWBank S.p.A.
Public
IndustryBanking
Founded1999
HeadquartersMilan, Italy
Key people
Dario Di Muro (CEO)
ProductsBanking
stock brokerage
Lease
Revenue€ 85 million (2016)
Number of employees
305 (2016)
Websitewww.iwbank.it

IWBank S.p.A. is an Italian online bank owned by UBI Banca. The bank characterises its offer for economic convenience and high technological content.

History[edit]

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[edit]

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[edit]