Banks in Italy

Banca d'Italia Intesa Sanpaolo Monte Paschi Ubi Bank Unicredit bank
Banca d'Italia Intesa Sanpaolo Monte Paschi Ubi Banca UniCredit Group

Italy's Banking System
There are approximately 580 banks in Italy including over 300 cooperative banks and 85 branches of foreign banks. The Top 5 banks hold over EUR 2 trillion in combined assets or about 55% of the Italian banking sector in 2017. UniCredit and Intesa Sanpaolo are the two largest banks in Italy.

Banca Carige – One of the top 20 banks in Italy. It offers corporate and retail banking services through branches primarily in Liguria (Genoa, Savona, Imperia, La Spezia) as well as through locations in Lombardy, Piedmont, Aosta Valley, Veneto, Emilia Romagna, Lazio, Tuscany, Marche, Umbria, Sicily, Apulia and Sardinia.

Banca d'Italia (Bank of Italy) – The central bank of Italy and part of the European System of Central Banks. It was established in 1893, from the fusion of the four major banks in Italy. Bank of Italy gold reserves are about 2,452 tonnes. The bank's current governor is Ignazio Visco.

Banca Mediolanum – One of the 20 largest financial services providers in Italy with about 1.2 million customers and market capitalization of EUR 5.0 billion (May 10, 2018).

Banca Monte dei Paschi – The world's oldest bank, founded in 1472. It is the flagship of the Montepaschi Group, which has about 2,000 branches throughout Italy.

Banca Monte Parma – The Bank was founded in 1488 by Bernardine of Feltre, in order to combat usury. This makes it one of the oldest banks in the world. In 1991, in order to comply with new Italian banking regulations, the company became a joint-stock company and a subsidiary of Fondazione Monte di Parma which still owns 68.74% of the company's shares.

Banca Nazionale del Lavoro – One of the ten largest Italian banking groups with over 950 service locations. It operates as a subsidiary of BNP Paribas.

Banca Passadore & C. – An independent private bank founded in 1888 and headquartered in Genoa, Liguria.

Banco BPM – One the largest banking groups in Italy with over 4 million customers. As of December 1, 2017, it had a market capitalization of approximately EUR 4.3 billion.

Banco Popolare was one of the leading Italian banking groups with more than 1,700 branches. It merged with Banca Popolare di Milano to form Banco BPM.

Banca Popolare di Bergamo – A subsidiary of UBI Banca.

Banca Popolare di Milano – A large cooperative bank in Italy. It works basically in the northern and central regions with a strong presence in Lombardia and Lazio.

Banca Popolare di Verona was an Italian bank. Now it is part of Banco BPM Group.

Banca Sella – A bank, which has traditionally operated in the Biella Province, the wealthy northwestern Italian region of Piedmont, where it enjoys strong positions.

BCC Brescia – Banca Credito Cooperativo di Brescia.

Cassa depositi e prestiti (CDP) – The Italian investment bank with over EUR 400 billion in assets.

Crédit Agricole Cariparma (formerly Cassa di Risparmio di Parma e Piacenza) – One of the 15 largest banking groups in Italy. It operates as a subsidiary of Credit Agricole, a French financial institution.

Credito Emiliano (Credem) – A multi-regional banking group based in Reggio Emilia and operating in all financial sectors. The Maramotti family is one of the major shareholders of Credem Holding.

Generali Group – One of the most significant participants in the global insurance and financial products market. The Group operates in more than 60 countries with 480 insurance, property and financial companies.

Citibank N.A., Italy

Iccrea Banca – A central organization for Italian cooperative banking sector.

Intesa Sanpaolo – One of the leading banking groups in the euro zone. It is the second largest Italian bank with over 3,900 branches across the country, plus about 1,100 locations in Central and Eastern Europe, and the Mediterranean basin. At May 11, 2018, the company had a market capitalization of approximately EUR 53 billion.

Mediolanum S.p.A. – A financial services company founded in 1982 by Ennio Doris. It was active in the banking, life insurance and mutual fund sectors.

Mediobanca – The leading Italian investment bank with total assets of over €70 billion. It operates than 200 branches and offices.

UBI Banca (Unione di Banche Italiane) – One of the top 10 Italian banking groups with more than 1,400 branches and 3.8 million customers. It is headquartered in Bergamo.

UniCredit Group – The largest Italian bank with total assets of about US$1 trillion. It has a presence in 18 countries with strategic positions in Western, Central and Eastern Europe.

Vatican Bank serves Catholic institutions, clerics and employees of Vatican City State as well as diplomats and 82 embassies accredited to the Holy See.

Veneto Banca – One of the 15 largest Italian banks with total assets of about EUR 30 billion.

 Top Banks in Italy by total assets

 Following are the largest Italian banks according to their assets.

 Total assets (EUR billion)

Rank Bank 06/2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012
1 Unicredit SpA 827.128 859.533 860.433 844.217 845.838 926.838
2 Intesa Sanpaolo 788.018 725.100 676.568 647.343 624.179 673.582
3 Cassa Depositi e Prestiti 415.000 410.425 398.871 401.680 317.518 309.384
4 Banco BPM 167.720 117.411 - - - -
5 Banca Monte dei Paschi 143.590 153.179 169.012 179.918 199.106 218.886
6 UBI Banca 134.280 112.384 117.201 121.787 124.242 132.434
7 Banca Nazionale del Lavoro (1) n/a 79.050 77.494 80.330 76.149 83.260
8 BPER Banca (2) 70.512 64.960 61.261 60.653 61.758 61.638
9 Mediobanca 70.446 69.819 70.711 70.464 72.841 78.679
10 Crédit Agricole Italia 55.687 52.992 51.373 52.204 50.163 49.321
11 Gruppo Bancario Iccrea 45.737 46.855 48.704 - - -
12 Banca Mediolanum 43.654 41.971 44.710 42.548 37.321 36.049
13 Banca Popolare di Sondrio 40.581 37.196 35.538 35.619 32.770 32.349
14 Credito Emiliano 39.695 39.569 37.455 34.794 31.531 30.749
15 Veneto Banca n/a 28.078 33.349 36.167 37.307 40.165
16 Banca Carige 25.909 26.111 30.299 38.310 42.156 48.441
17 Credito Valtellinese 25.394 25.469 26.883 28.814 27.199 29.896

(1) - Banca Nazionale del Lavoro (BNL) is a subsidiary of BNP Paribas.
(2) - BPER Banca S.p.A. was formerly known as Banca Popolare dell'Emilia Romagna.