The latest report of the Autonomous Italian Banking Federation (Fabi) brings out a record given: the net profits of Italian banks. As the report explains, the last three years have been very advantageous for banks, thanks to the high interest rates decided by the European Central Bank.
A context that brought a Record net profitin fact, or a total of 46.5 billion euros, growing by 14% compared to 2023.
Banks revenues: net profit record
Italian banks have gained more than ever. The total of 46.5 billion eurosin 2024 they recorded a new maximum in terms of net profit. It is, according to what reported by Fabiof a growing figure: 5.7 billion more (+14%) compared to 2023.
By adding up all the revenues of the last three years (2022–2024), the Italian banks have made a “exceptional” gain. Also in this case it is a record result, i.e. equal to over 112 billion euros.
The economic context: the turning point of 2022
The difference was made by the context. In fact, precisely the condition of rising of interest rates (now down) of the European Central Bank has built the rich “boot” of the banks.
A point of turningto use the term chosen by the report, it was 2022. After strong oscillations in the period 2018–2021, net profit started growing significantly, without going back.
If in 2018–2021 he was between 15 and 16 billion euros, also because of the strong impact of the pandemic crisis of 2020; With 2022 the numbers started to climb:
- In 2022 the net profit was 25.5 billion euros;
- In 2023 the net profit was 40.7 billion euros;
- In 2024 the net profit was 46.5 billion euros.
Last year, i revenues in the sector They therefore touched 110.1 billion euros, growing by 7.2% compared to 2023. A comparison with 2018 is even more impressive: the leap is +33.8%.
Contractual renewal: towards the increases
The Secretary General of Fabi, Lando Maria Sileonicommented on the research on the income statement of Italian banks and underlined the commitment to the contractual renewal.
He says:
The record numbers made by Italian banks in recent years have not rained from the sky. They are the result of the daily work of hundreds of thousands of workers and workers, who have guaranteed operational continuity, quality in services, held in difficult times and adaptation in those of transformation.
Precisely in this perspective, the increases envisaged by the national collective agreement signed in 2023 must be considered. It is a recognition of the value of 435 euros average monthlyin addition to the economic awards for the managers (annual increases of 20,000 euros gross of the minimum remuneration). “They are more than justified increases by the objective numbers of bank profitability and the extraordinary productivity guaranteed by those who work in the branches, operating centers, general directions and central services,” he adds.
