Intesa Sanpaolo broached the issue of Line of creditfunding for the completion of the Mochovce nuclear plant very carefully, in adherence to the principles of environmental sustainability and listening to the requests forwarded by our customers and stakeholders principles that are also expressed in our Code of Ethics. After a thorough analysis of the project  documentation, the consortium of banks recognised the need to address the critical issues that were raised and asked the company, while still retaining the funding
granted, to use the funds for purposes other than works for the completion of the plant.
Meanwhile, Slovenske Elektrarne (a company owned by Enel) continued works at the plant improving the facilities and issuing a new environmental report in August 2009, which is currently being reviewed by the Bank.
Intesa Sanpaolo is maintaining close ties with its subsidiary, VUB Banka, which is one of the largest banks in Slovakia, to ensure that it maintains an approach of maximum prudence and transparency in its dealing with suppliers of Slovenske Elektrarne.