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Leading ten banks in Italy 2020, by number of branches

As of September 2020, with over 3.3 thousand branches, Intesa Sanpaolo was the bank with the highest number of bank offices in Italy. Following in the list was UniCredit with 2.6 thousand bank branches. Moreover, the highest number of bank branches could be found in the two cities with the largest population size in the country: Rome counted 1,067 branches, while Milan counted 725.

Physical branches are in decline

The total number of bank branches in Italy decreased to 24.3 thousand in 2019, from 33.6 thousand in 2007. A similar trend could be noted around the whole European Union, with the number of bank branches declining from 237.7 thousand in 2008 to 174 thousand in 2018. This decline in the number of branches was due to several reasons, the most prominent being the steadily growing penetration of online banking, making bank branches less and less important.

Cashless solution increase in popularity

Italians are changing their habits when it comes to payment methods. Digital payments are becoming increasingly popular, also due to the fact that these new methods are making online purchases easier and effortless. In particular, users between 15 and 24 years of age are the main users of digital payment solutions.

Leading ten banks in Italy as of September 2020, by number of branches

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Source

Release date

September 2020

Region

Italy

Survey time period

September 2020

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Statistics on "Leading banks in Italy"

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