Top 9 Largest Financial Service Companies in Italy

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In this post, let's examine some of the largest financial services companies in Italia, ranked by market capitalization. Go directly to other related articles ... read more...

  1. Top 1

    Intesa Sanpaolo

    The Italian financial powerhouse Intesa Sanpaolo S.p.A. operates on a global scale. By total assets, it is the largest bank in Italy and the 27th largest bank in the world. Although it was formed in 2007 as a result of a merger between Banca Intesa and Sanpaolo IMI, the company's roots go all the way back to 1583, when it was established as Istituto Bancario San Paolo di Torino.


    About 14.6 million people in Italy relied on the bank in 2020, while another 7.2 million people in Eastern and Central Europe, the Middle East, and North Africa were served by the bank under various names such as CIB Bank, VB Banka, and Bank of Alexandria.


    Intesa Sanpaolo is worth $48.94 billion as of April 2023. Market capitalization-wise, this places Intesa Sanpaolo at No. 339 among all companies around the globe. Intesa Sanpaolo has reported TTM revenue of $23.14 billion as of the most recent financial period ending on June 30. The company's revenue in 2021 was $25.07 billion, down from $26.51 billion the previous year.


    Founded: 2007
    Headquarters: Grattacielo Intesa Sanpaolo, Turin, Italy
    Website: www.intesasanpaolo.com

    Screenshot via www.intesasanpaolo.com
    Screenshot via www.intesasanpaolo.com
    Screenshot via www.intesasanpaolo.com
    Screenshot via www.intesasanpaolo.com

  2. Top 2

    UniCredit

    Milan is home to the global financial organization, UniCredit S.p.A. According to the list issued by the Financial Stability Board in 2022, it is the only systemically important bank in Italy and the 34th largest bank in the world by assets. Although Credito Italiano and Unicredito were combined to create it in 1998, its corporate identity dates back to 1870, when it was founded as Banca di Genova. A component stock of the Euro Stoxx 50 index of top shares, UniCredit is traded on the Milan and Frankfurt stock markets.


    Unicredit is a pan-European bank with significant operations in Western, Central, and Eastern Europe. It offers corporate and investment banking, commercial banking, and wealth management services. Through its European banking network, it offers access to industry-leading goods and services in 13 core markets, including Italy, Germany (under the name HypoVereinsbank), Austria (under the name Bank Austria), and eleven nations in Central and Eastern Europe.


    The market capitalization for UniCredit as of April 2023 is $38.44 billion. By market cap, UniCredit is now the 455th most valuable corporation in the world. The most recent financial reports from UniCredit show that the company's current revenue (TTM) is $21.61 billion. The company generated $18.69 billion in revenue in 2021, compared to $21.03 billion in revenue in 2020.


    Founded: 1998
    Headquarters: Milan, Italy
    Website: www.unicreditgroup.eu

    Screenshot via www.unicreditgroup.eu
    Screenshot via www.unicreditgroup.eu
    Screenshot via www.unicreditgroup.eu
    Screenshot via www.unicreditgroup.eu
  3. Top 3

    Nexi

    The Italian bank Nexi S.p.A., formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI), is an industry leader in payment processing with services including Nexi Payments (formerly known as CartaSi). The bank's focus made it a hub for the Italian Popular Bank. One of Europe's leading fintech groups, Nexi, will merge with SIA S.p.A. on October 5, 2020.

    The merger agreement with the Danish Nets was completed on June 16, 2021, allowing Nexi to expand its scope of operation on the European level. The merger via absorption of SIA Spa into Nexi was finally accepted with indication by the Competition and Markets Authority on October 15, 2021. This additional action forms the first European consortium in the field of payment systems.


    Nexi is worth $10.71 billion as of April 2023. Nexi's current market cap ranks it at #1412 overall. Nexi's current revenue (TTM) is $3.45 billion, as shown in the company's most recent financial statements. The company's revenue in 2021 was $3.45 billion, up from $2.02 billion the previous year.


    Founded: 1939
    Headquarters: 55 Corso Sempione, Milan
    Website:nexi.it

    Screenshot via 	nexi.it
    Screenshot via nexi.it
    Screenshot via 	nexi.it
    Screenshot via nexi.it
  4. Top 4

    FinecoBank

    The Italian bank FinecoBank S.p.A., also known as FinecoBank or just Fineco, focuses on online brokerage. Fineco Online, its retail trading platform, went live in 1999. In 2014, Fineco joined the stock market, and as of 2019, the company was no longer dependent on the UniCredit banking consortium. Since 2016, FinecoBank has been included in the Borsa Italiana's blue-chip index, the FTSE MIB. It has been compared to the American firm Schwab and now serves more than a million customers in Italy.


    Fineco authorized the debut of its services in the United Kingdom (UK) the same year, and in 2020 it chose to invest 7 million euros in a marketing campaign there. Customers in the UK and Italy can use the services of Banca Fineco. UniCredit completed the sale of its remaining FinecoBank shares in 2019.


    The value of FinecoBank on the stock market is $9.80 billion as of April 2023. Based on its current market capitalization, FinecoBank is the 1502nd most valuable corporation in the world. The most recent financial records show that FinecoBank has annual revenues of $1.15 billion. The company's revenue of $0.77 billion in 2017 represents an increase over the $0.71 billion earned in 2016.


    Founded: 1982
    Headquarters: Milan
    Website: https://finecobank.com

    Screenshot via 	https://finecobank.com
    Screenshot via https://finecobank.com
    Screenshot via 	https://finecobank.com
    Screenshot via https://finecobank.com
  5. Top 5

    Mediobanca

    To aid in the rebuilding of Italian industry in the aftermath of World War II, Raffaele Mattioli (then CEO of Banca Commerciale Italiana, the country's largest commercial bank, which promoted its incorporation together with Credito Italiano) and Enrico Cuccia established the Italian investment bank Mediobanca in 1946. From 1946 until 1982, Cuccia presided over Mediobanca. Milan, Frankfurt, London, Madrid, Luxembourg, New York, and Paris are all part of the banking conglomerate's global network.

    About 85% of overall revenue and 60% of net profit come from banking operations at Mediobanca. CheBanca's establishment has led to increased diversification within banking activities, with corporate and retail banking now accounting for 50/35 of revenues and 65/35 of loans, respectively. The Bank is diversifying its funding base, and as of September 21, 2010, 18% of its funding came from the retail sector. In addition to traditional banking services, Mediobanca also oversees a diverse equity investment portfolio, including holdings in some of Italy's most prestigious insurance, publishing, and telecommunications firms.


    Mediobanca is worth $8.81 billion as of April 2023. Based on its current market capitalization, Mediobanca is the 1638th most valuable corporation in the world. The most recent financial filings reveal TTM revenue of $2.05 billion for Mediobanca. With 2015 revenues of $1.97 billion, the corporation saw a decline from 2014's $2.03 billion in earnings.


    Founded: 1946
    Headquarters: Milan, Italy
    Website: https://www.mediobanca.com

    Screenshot via 	 https://www.mediobanca.com
    Screenshot via https://www.mediobanca.com
    Screenshot via 	 https://www.mediobanca.com
    Screenshot via https://www.mediobanca.com
  6. Top 6

    Amplifon

    Amplifon SpA, a global leader in the hearing aid industry, is headquartered in Milan. A former member of the British special forces and member of the Italian Resistance, Algernon Charles Holland founded Amplifon in 1950 in Milan. After WWII, he established a local presence and developed strong relationships with hearing care professionals to help those who had suffered hearing loss as a result of the war.

    Amplifon
    holds an 11% share of the global market and operates in 29 countries in Europe, the Middle East, North America, and Asia Pacific. About 5,150 retail locations are directly managed by the company, while another 4,000 are shop-in-shops and corners, and 1,800 are linked with the network. The company's main activity is the provision of hearing aids and related services.

    In April 2023, the market value of Amplifon was $7.97 billion. According to the company's market cap, this places Amplifon at number 1737 globally. The latest financial reports reveal TTM revenue of $2.23 billion for Amplifon. The company's sales in 2021 were $2.26 billion, up from $1.81 billion in the previous year.


    Founded: 1950
    Headquarters: Milan, Italy
    Website: https://www.amplifon.com

    Screenshot via 	https://www.amplifon.com
    Screenshot via https://www.amplifon.com
    Screenshot via 	https://www.amplifon.com
    Screenshot via https://www.amplifon.com
  7. Top 7

    UnipolSai

    Founded in 2014 and headquartered in Bologna, UnipolSai Assicurazioni S.p.A. is an Italian insurance and financial services corporation. It's a division of Unipol Group. After acquiring Unipol Assicurazioni, Milano Assicurazioni, and Premafin (a holding firm affiliated with Fondiaria-Sai) on January 6, 2014, Fondiaria-Sai changed its name to UnipolSai and moved its headquarters to Bologna.


    The company has over 16.7 million subscribers, making it one of the largest in Italy. It is notably prominent in the insurance markets for life, property, and automobiles. The stock is traded on the Italian Stock Exchange (Borsa Italiana) and is included in the FTSE MIB index.


    UnipolSai is worth $7.42 billion as of April 2023. Based on its current market capitalization, UnipolSai is the 1828th most valuable business in the world. UnipolSai has reported TTM revenue of $14.97 billion as of the end of the most recent reporting period. The company's 2015 sales of $17.26 billion were down from 2014's $24.40 billion.


    Founded: 6 January 2014
    Headquarters: Bologna, Italy
    Website: www.unipolsai.com

    Screenshot via 		www.unipolsai.com
    Screenshot via www.unipolsai.com
    Screenshot via 		www.unipolsai.com
    Screenshot via www.unipolsai.com
  8. Top 8

    Banca Mediolanum

    Banca Mediolanum S.p.A. is the parent business of Gruppo Mediolanum (Mediolanum Group) and is an Italian banking, insurance, and asset management conglomerate. After incorporating its parent business, Mediolanum S.p.A., at the end of 2015, the bank became publicly traded on the Borsa Italiana and a component of the FTSE MIB index under the leadership of CEO Massimo Antonio Doris.


    Ennio Doris, the current second-largest stakeholder of the Mediolanum Group, started the company. Customers in Italy, Spain (under the names Banco Mediolanum and Fibanc), and Germany (under the name Bankhaus August Lenz & Co.) benefited from the conglomerate's asset management, banking, and insurance services.

    Despite being the sixth largest financial services company by market capitalization (behind Intesa Sanpaolo, UniCredit, Assicurazioni Generali, UnipolSai, and Mediobanca in 2016), the conglomerate (Mediolanum S.p.A.) was ranked 13th by total assets among banks (2014 data) and was much smaller in size by risk-weighed assets. However, the European Central Bank began a detailed study to analyze the conglomerate when Banca Mediolanum revoked the merger with Mediolanum. Banca Mediolanum survived, but as a smaller institution that was eventually exempt from direct regulation by the European Central Bank.


    In April 2023, the market value of Banca Mediolanum was $6.92 billion. Based on its current market capitalization, Banca Mediolanum is the 1910th most valuable corporation in the world. Recent financial filings for Banca Mediolanum show a trailing twelve-month (TTM) revenue of $6.39 billion. The company's revenue in 2021 was $6.51 billion, significantly higher than the $3.72 billion it made in 2020.


    Founded: 1991
    Headquarters: Basiglio, Metropolitan City of Milan, Italy
    Website:bancamediolanum.it

    Screenshot via 		bancamediolanum.it
    Screenshot via bancamediolanum.it
    Screenshot via 	 	bancamediolanum.it
    Screenshot via bancamediolanum.it
  9. Top 9

    Banco BPM

    Founded on January 1, 2017 as a result of a merger between Banco Popolare and Banca Popolare di Milano (BPM) (authorized by the board of directors on May 24, 2016), Banco BPM S.p.A. is an Italian financial institution. In terms of total assets in 2016, the bank ranked third in Italy, behind market leaders Intesa Sanpaolo and UniCredit, serving both consumers and businesses. Both Verona and Milan served as the bank's primary locations. Banco BPM is the 831st largest company in the world according to Forbes Global 2000, and its stock is included in the FTSE MIB, the Italian blue-chip index.


    The bank's asset management division, Aletti Gestielle SGR, was sold to Anima Holding in its inaugural year for €700 million. The bank took on a problematic loan portfolio with a €5.1 billion gross book value the next year and securitized and sold the securities to the market under the name "Project Exodus." For the senior tranche of the securities, the bank additionally sought governmental backing through the Garanzia sulla Cartolarizzazione delle Sofferenze (GACS).


    The market capitalization of Banco BPM as of April 2023 is $6.26 billion. Banco BPM's current market cap ranks 2055th among all companies worldwide. The most recent financial filings reveal TTM revenue of $5.11 billion for Banco BPM. The firm's 2015 revenue of $4.39 billion was down from the $4.76 billion it earned in 2014.


    Founded: 1 January 2017
    Headquarters: Milan, Italy
    Website: www.bancobpm.it

    Screenshot via 	 	www.bancobpm.it
    Screenshot via www.bancobpm.it
    Screenshot via 		www.bancobpm.it
    Screenshot via www.bancobpm.it



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