The Bank of Italy’s net profit of € billion was allocated as follows: € million to the ordinary reserve and a dividend of € million to shareholders, the same as last year; the amount allocated to the State was € billion, in addition to € billion in taxes.
The transition period that Parliament allowed for shareholders to dispose of their holdings in the Bank’s capital in excess of the 3 per cent ceiling expires at the end of this year. As of April, almost 14 per cent of the capital had been transferred to 50 new shareholders.