After the charge of monetary and exchange rate policies was shifted in 1998 to the European Central Bank, within the European institutional framework, the bank implements the decisions, issues euro banknotes and withdraws and destroys worn pieces.
The main function has thus become banking and financial supervision. The objective is to ensure the stability and efficiency of the system and compliance to rules and regulations; the bank pursues it through secondary legislation, controls and cooperation with governmental authorities.
Following reform in 2005, which was prompted by takeover scandals, the bank has lost exclusive antitrust authority in the credit sector, which is now shared with Italy's Antitrust Authority.
Other functions include, market supervision, oversight of the payment system and provision of settlement services, State treasury service, Central Credit Register, economic analysis and institutional consultancy.
The institution was established in 1893 from the combination of three major banks in Italy (after the Banca Romana scandal).[1][2] The new central bank first issued bank-notes during 1926.[3] Until 1928, it was directed by a general manager, after this time instead by a governor elected by an internal commission of managers, with a decree from the President of the Italian Republic, for a term of seven years.
The general meeting takes place yearly and with the purpose of approving accounts and appointing the auditors. The Board of Directors has administrative powers and is chaired by the governor (or by the Director General in his absence). Following reform in 2005, the governor lost exclusive responsibility regarding decisions of external relevance (i.e. banking and financial supervision), which has been transferred to the Directorate (by majority vote). The Director General is responsible for the day-to-day administration of the bank, and acts as governor when absent.
Banca d'Italia had 300,000 number of shares with a nominal value of €25,000. Original scattered around the banks of whole Italy, the shares now accumulated due to the merger of the banks since 1990s. The status of the bank states that a minimum of 54% of profits would go to the Italian government, and only a maximum of 6% of profits would distributed as dividends according to shares ratio.[4]
|
Number of shares
|
Percentage
|
Voting rights
|
Percentage
|
Intesa Sanpaolo
|
7004936610000000000♠ 93,661
|
7001312200000000000♠ 31.22%
|
|
|
— Cassa di Risparmio in Bologna (subsidiary)
|
7004186020000000000♠ 18,602
|
7000620000000000000♠ 6.20%
|
|
|
— Cassa di Risparmio di Firenze (subsidiary)
|
7003565600000000000♠ 5,656
|
7000189000000000000♠ 1.89%
|
|
|
— Cassa di Risparmio del Veneto (subsidiary)
|
7003361000000000000♠ 3,610
|
7000120000000000000♠ 1.20%
|
|
|
— Cassa di Risparmio Friuli – Venezia Giulia (subsidiary)
|
7003186900000000000♠ 1,869
|
6999620000000000000♠ 0.62%
|
|
|
— Cassa di Risparmio di Pistoia e della Lucchesia (subsidiary)
|
7003112600000000000♠ 1,126
|
6999380000000000000♠ 0.38%
|
|
|
— Casse di Risparmio dell'Umbria (subsidiary)
|
7003110600000000000♠ 1,106
|
6999370000000000000♠ 0.37%
|
|
|
— Banca dell'Adriatico (subsidiary)
|
7002653000000000000♠ 653
|
6999220000000000000♠ 0.22%
|
|
|
— Cassa dei Risparmi di Forlì e della Romagna (subsidiary)
|
7002605000000000000♠ 605
|
6999200000000000000♠ 0.20%
|
|
|
— Cassa di Risparmio della Provincia di Viterbo (subsidiary)
|
7002251000000000000♠ 251
|
6998800000000000000♠ 0.08%
|
|
|
— Cassa di Risparmio di Civitavecchia (subsidiary)
|
7002111000000000000♠ 111
|
6998400000000000000♠ 0.04%
|
|
|
— Cassa di Risparmio di Rieti (subsidiary)
|
7000800000000000000♠ 8
|
6997300000000000000♠ 0.00%
|
|
|
— Banca Monte Parma (subsidiary)
|
7000800000000000000♠ 8
|
6997300000000000000♠ 0.00%
|
|
|
UniCredit
|
7004663420000000000♠ 66,342
|
7001221100000000000♠ 22.11%
|
|
|
Generali Italia
|
7004190000000000000♠ 19,000
|
7000633000000000000♠ 6.33%
|
|
|
Italian Ministry of Labour and Social Policy
|
5000000000000000000♠ 0
|
5000000000000000000♠ 0%
|
5000000000000000000♠ 0
|
5000000000000000000♠ 0%
|
— INPS
|
7004150000000000000♠ 15,000
|
7000500000000000000♠ 5.00%
|
|
|
— INAIL
|
7003200000000000000♠ 2,000
|
6999670000000000000♠ 0.67%
|
|
|
Cassa di Risparmio di Genova e Imperia
|
7004118690000000000♠ 11,869
|
7000396000000000000♠ 3.96%
|
|
|
— Cassa di Risparmio di Savona (subsidiary)
|
7002123000000000000♠ 123
|
6998400000000000000♠ 0.04%
|
|
|
— Cassa di Risparmio di Carrara (subsidiary)
|
7002101000000000000♠ 101
|
6998300000000000000♠ 0.03%
|
|
|
— Banca del Monte di Lucca (subsidiary)
|
7000200000000000000♠ 2
|
6996670000000000000♠ 0.00%
|
|
|
Cassa di Risparmio di Asti
|
7003280000000000000♠ 2,800
|
6999930000000000000♠ 0.93%
|
|
|
— Cassa di Risparmio di Biella e Vercelli (subsidiary)
|
7003630000000000000♠ 6,300
|
7000210000000000000♠ 2.10%
|
|
|
BNP Paribas
|
5000000000000000000♠ 0
|
5000000000000000000♠ 0%
|
5000000000000000000♠ 0
|
5000000000000000000♠ 0%
|
— Banca Nazionale del Lavoro (subsidiary)
|
7003850000000000000♠ 8,500
|
7000283000000000000♠ 2.83%
|
|
|
Banca Monte dei Paschi di Siena
|
7003750000000000000♠ 7,500
|
7000250000000000000♠ 2.50%
|
|
|
Crédit Agricole
|
5000000000000000000♠ 0
|
5000000000000000000♠ 0%
|
5000000000000000000♠ 0
|
5000000000000000000♠ 0%
|
— Cassa di Risparmio di Parma e Piacenza (subsidiary)
|
7003609400000000000♠ 6,094
|
7000203000000000000♠ 2.03%
|
|
|
— Cassa di Risparmio della Spezia (subsidiary)
|
7002266000000000000♠ 266
|
6998900000000000000♠ 0.09%
|
|
|
UnipolSai Assicurazioni
|
7003600000000000000♠ 6,000
|
7000200000000000000♠ 2.00%
|
|
|
Allianz SpA
|
7003400000000000000♠ 4,000
|
7000133000000000000♠ 1.33%
|
|
|
Banco Popolare
|
7003366800000000000♠ 3,668
|
7000122000000000000♠ 1.22%
|
|
|
Banca delle Marche
|
7003245900000000000♠ 2,459
|
6999820000000000000♠ 0.82%
|
|
|
— Cassa di Risparmio di Loreto (subsidiary)
|
7002100000000000000♠ 100
|
6998300000000000000♠ 0.03%
|
|
|
Unione di Banche Italiane
|
5000000000000000000♠ 0
|
5000000000000000000♠ 0%
|
5000000000000000000♠ 0
|
5000000000000000000♠ 0%
|
— Banca Regionale Europea (subsidiary)
|
7002759000000000000♠ 759
|
6999250000000000000♠ 0.25%
|
|
|
— Banca Carime (subsidiary)
|
7002500000000000000♠ 500
|
6999170000000000000♠ 0.17%
|
|
|
Cassa di Risparmio di Ferrara
|
7002949000000000000♠ 949
|
6999320000000000000♠ 0.32%
|
|
|
Banca Popolare di Milano
|
7002873000000000000♠ 873
|
6999290000000000000♠ 0.29%
|
|
|
Cassa di Risparmio di Ravenna
|
7002769000000000000♠ 769
|
6999260000000000000♠ 0.26%
|
|
|
Banca Popolare dell'Emilia Romagna
|
7002759000000000000♠ 759
|
6999250000000000000♠ 0.25%
|
|
|
Cassa di Risparmio di Fossano
|
7002750000000000000♠ 750
|
6999250000000000000♠ 0.25%
|
|
|
Banca Popolare di Vicenza
|
7002687000000000000♠ 687
|
6999230000000000000♠ 0.23%
|
|
|
Cassa di Risparmio di Cesena
|
7002675000000000000♠ 675
|
6999230000000000000♠ 0.23%
|
|
|
Cassa di Risparmio di San Miniato
|
7002652000000000000♠ 652
|
6999220000000000000♠ 0.22%
|
|
|
Reale Mutua Assicurazioni
|
7002500000000000000♠ 500
|
6999670000000000000♠ 0.17%
|
|
|
Veneto Banca
|
7002480000000000000♠ 480
|
6999160000000000000♠ 0.16%
|
|
|
Cassa di Risparmio di Rimini
|
7002393000000000000♠ 393
|
6999130000000000000♠ 0.13%
|
|
|
Cassa di Risparmio di Bolzano
|
7002377000000000000♠ 377
|
6999130000000000000♠ 0.13%
|
|
|
Banca Popolare di Bari
|
5000000000000000000♠ 0
|
5000000000000000000♠ 0%
|
|
|
— Cassa di Risparmio di Orvieto (subsidiary)
|
7002237000000000000♠ 237
|
6998800000000000000♠ 0.08%
|
|
|
— Cassa di Risparmio della Provincia di Teramo (subsidiary)
|
7002115000000000000♠ 115
|
6998400000000000000♠ 0.04%
|
|
|
— Cassa di Risparmio di Pescara e di Loreto Aprutino (subsidiary)
|
7000800000000000000♠ 8
|
6997300000000000000♠ 0.00%
|
|
|
Cassa di Risparmio di Cento
|
7002311000000000000♠ 311
|
6999100000000000000♠ 0.10%
|
|
|
Cassa di Risparmio di Savigliano
|
7002200000000000000♠ 200
|
6998700000000000000♠ 0.07%
|
|
|
Cassa di Risparmio di Volterra
|
7002194000000000000♠ 194
|
6998600000000000000♠ 0.06%
|
|
|
Cassa di Risparmio della Provincia di Chieti
|
7002151000000000000♠ 151
|
6998500000000000000♠ 0.05%
|
|
|
Cassa di Risparmio di Fermo
|
7002130000000000000♠ 130
|
6998400000000000000♠ 0.04%
|
|
|
Credito Valtellinese
|
7002101000000000000♠ 101
|
6998300000000000000♠ 0.03%
|
|
|
Cassa di Risparmio della Repubblica di San Marino
|
7001360000000000000♠ 36
|
6998100000000000000♠ 0.01%
|
|
|
Cassa di Risparmio di Saluzzo
|
7000400000000000000♠ 4
|
6997130000000000000♠ 0.00%
|
|
|
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