Italian Banking Report 9M 2024

The growth trajectory of Italy’s main listed banks continues. Over the first nine months of 2024 they registered an aggregate record profit of 20.2 billion euros, an increase of +22% compared to the same period in 2023. This performance was driven by the annual increase in net interest income (+7.3%), despite a quarterly decline following the recent rate cuts by the ECB, and the significant 7.1% surge in fees.