They have proved this by taking part in the collective effort undertaken by the national and European monetary and fiscal authorities to overcome the repercussions of a shock as far-reaching as that caused by the pandemic.
At the end of 2021, the ratio between the common equity tier 1 and risk-weighted assets (CET1 ratio) of Italian banks stood at 15.3 per cent, up by 1.3 percentage points compared with two years before.