Largest banks in Italy 2024, by total assets

In 2024, *************** was the largest bank in Italy, with total assets exceeding *** million euros. Alongside ****************, it played a dominant role in the Italian banking sector. With more than ***** branches nationwide, Intesa Sanpaolo also held the distinction of having the most extensive branch network in the country.

Fewer banks, fewer branches

Over the past decade, the total number of banks and credits institutions in Italy has steadily declined, falling to fewer than *** by 2022. This downward trend was mirrored by a consistent reduction in the number of bank branches across the country during the same period.

Online banking on the rise

The decline in the number of bank branches was not solely the result of a reduction in the number of banks and credit institutions. Increasing adoption of online banking has also contributed to the diminishing relevance of physical branches. Additionally, the emergence of new players in the financial sector - such as digital banks and fintech service providers - has attracted a growing number of customers in recent years.