Italie
The following data have been gathered by Capgemini and are part of the World Retail Banking Report published annually in March.
Macro economic indicators (2006)
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GDP at current prices and PPP
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€ 1,477 billion
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Inhabitants
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59,1 million
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GDP per head
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€ 24,978
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Economic growth rate
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1.9%
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Consumer confidence indicator
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-15.7%
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Unemployment rate
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6.8%
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Consumer Price Index
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5.3%
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Banking staff
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338,540
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Number of branches
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32,338
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Number of ATMs
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39,926
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Households savings ratio
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16.1%
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Inflation rate
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2.2%
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Interest rate, consumer credit
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8.74%
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Interest rate, residential mortgage
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5.62%
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Government bond yield -10 years
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4.37%
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Type and size of players
Financial institutions (31.12.2006)
Gross Income (in billion Euros )
and Cost/Income Ratio (%)
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• During 2006, 6 mergers took place and 4 acquisitions, involving Banks that held 3.3% of the Banking System’ Total Assets. At the beginning of the 2007 the merger between Banca Intesa and San Paolo IMI has become effective.
Products
• Lending products: households continued to increase their debt, particularly in the form of mortgage loans. At the end of year 2006 the growing ratio of the consumer credit has been about 18% (+12,7% the consumer credit provided by banks, which held about the 55% of the market); +12,5% the annual growing ratio of the credit card related to this activity’s segment.
• Savings products: In their financial choices households preferred liquid, low-risk assets such as bank deposits, government securities and bank bonds.
Trends
Regulatory changes
• Basel II - The Basel 2 make a fundamental contribution to stability. Basel 2 will contribute to banking stability above all, and directly, by guaranteeing that banks’ capital is better able to cover the risks incurred.
• SEPA: The Eurosystem invited the European banking community to draft an appropriate schedule for creating the Single EuroPayments Area (SEPA). In Italy, the key to oversight activity remains adaptation of payment instruments and infrastructures to the Single Euro Payments Area plans. In parallel, action to modernize the payment system in response to growing economic needs has been intensified, focusing on electronic invoicing for more efficient payment and collection.
Competition environment
• The number of banks has decreased from 1,064 during 1990 to 793 at the end of 2006 (784 at the end of 2005).
• At the end of 2006, the number of Italian bank groups are 87; the number of banks belonging to groups are 144.
• At the end of 2006 there were 31 listed banks, of which 25 headed banking groups; they accounted about 67,6 per cent of the Italian banking system’s total asset
International strategy
• At the end of 2006, 26 Italian groups were established abroad. The share of external assets in Italian groups’ total assets was 26,4 per cent compared with 25 per cent a year earlier. The main Italian banking groups’ penetration of the markets in Central and Eastern Europe is increasing. The presence of Italian banking groups in Bulgaria, Croatia, Poland and the Slovak Republic is substantial in terms of both total assets and the relative importance of the banks acquired in their respective national markets. There is also stepped-up expansion in neighboring markets, such as Turkey and Russia.
