The 2016 financial year closed with a net profit of € billion; after allocations to the ordinary reserve and dividends paid to the shareholders, € billion were allocated to the State, in addition to the € billion paid in taxes. The institutional innovations in supervision and the resolution of banking crises have altered the responsibilities of the Bank of Italy, increasing its tasks.
Our remit in the area of safeguarding financial stability has been expanded, while the Bank has strengthened its longstanding role in Europe as provider of high-tech payment, market and statistical services.