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Italy: leading ten banks 2019, by number of branches

Leading ten banks in Italy in 2019, by number of branches

by Statista Research Department, last edited Aug 9, 2019
Italy: leading ten banks 2019, by number of branches As of April 2019, with over 3.5 thousand branches, Intesa Sanpaolo was the bank with the highest number of bank offices in Italy. Following in the list was UniCredit with 2.8 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 1,135 branches, while Milan 772.
Physical branches are in decline

The total number of bank branches in Italy decreased to 25.4 thousand in 2018, 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 183.4 in 2017. 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 purchases online easier and effortless. In particular, users between 15 and 24 years of age are the main users of digital payment solutions.
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Leading ten banks in Italy in 2019, by number of branches

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