Overall, public support for the banks has generated substantial net gains for the Italian State. The banking foundations have participated in capital-raising operations, thereby contributing to the solidity of the banking system in the most difficult phase; sometimes, as a matter of choice or out of necessity, they have reduced the share of capital they owned.
The inflows of resources connected with investors’ renewed confidence in Italy’s prospects provide an opportunity for banks to strengthen their capital bases and for foundations to further diversify their assets.