The total asset value of the Italian Banking market, estimated at € 2,560 billion in 2005, represents the fourth largest market in Europe (after Germany, the UK and France). In terms of overall assets held in European banks, Italy accounts for approximately 8%.
This reports analyses trends in the industry between 2000 and 2005. Where current data are not available, unless stated otherwise, projections are made using the average rate of change during previous years. Figures are presented in euros.
Between 2000 and 2005, the Italian banking sector underwent significant change, in terms of both market size and competitive structure. The most important developments in the industry can be summarized as:
An estimated 43% expansion in the total assets value of banking products between 2000 and 2005.
High rates of growth in mortgages lending and consumer-spending, driven by a sustained period of low interest rate.
High growth in the supply of bank Automated Teller Machines (ATM), electronic Point of Sale devices (POS) and credit cards.
Increased regulation through the implementation of the European Financial Services Action Plan.
Internal reforms of the supervisory authorities to enhance the consumer protection and the transparency of the banking sector.
The aim of this report is to present key data relating to these changes, present them in an accessible manner, providing analysis in order to assess the state of the industry and, moving forward, to ascertain the key drivers of change.
Sources of data of particular importance are publications from Italian Central Bank, the Italian Banking Association and the European Banking Association.
Other sources of data include annual reports from banking companies, such as Unicredit Banking Group, Intesa Banking Group, Sanpaolo-IMI Banking Group, Monte dei Paschi di Siena Banking Group, Capitalia Banking Group.
Although the report deals exclusively with Italy, its scope is occasionally broadened where insight may be gained from placing the domestic market in a wider international context.
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