The article 1 of the Statute of the Bank of Italy (media Bankitalia) states that:
“The Bank of Italy is an institution governed by public law”.

You know it's possible to visit the headquarters of the Bank of Italy, Palazzo Koch a Roma ?

The Governor is appointed by Decree of the President of the Republic, on a proposal the President of the Council of Ministers, after consideration by the Council Minister and after consultation with the Superior Council of the bank itself.

The Bank of Italy share capital is 7,5 billion €, divided into registered shares, whose nominal value held by law is 25thousand euro each.

Holders who hold the shares are 123:

Intesa Sanpaolo (46.600)

Unicredit (38.641)        

CARISBO (18.602)

General (13.008)

and gradually all the others ...

The holders of these shares, may not exceed 3% of their pro rata share of the general assembly and, in the profits of Bank of Italy.

Net income for the Bank of Italy 6% to be divided among the holders of shares, for 20% It goes to the ordinary reserve, for 20% goes to extraordinary reserves and the 54% It goes to the state.

So the capital is not divided into shares owned, but participation, and The lion's share goes to the state.

The 10% of the total value (about 900 billion €) It is constituted by gold reserves (about 90 billion).

Alex Gaetani

While surveys of Bankitalia, air, etc.., you can read my other post:

All is not gold that glitters

Italy, più prestiti alle famiglie

Porte girevoli tra Istituzioni e Banche

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