Russia among 4 systemic risk countries for Italian banks

Anabelle Colaco
07 Jul 2025, 05:45 GMT+10

Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic lenders, citing significant banking exposure in those regions
The Bank of Italy said on July 4 that it had designated the United States, Great Britain, Switzerland, and Russia as countries where Italian banks have material exposure, based on end-2024 data
The classification was made under EU guidelines aimed at monitoring and mitigating systemic financial risks

MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic lenders, citing significant banking exposure in those regions.

The Bank of Italy said on July 4 that it had designated the United States, Great Britain, Switzerland, and Russia as countries where Italian banks have material exposure, based on end-2024 data. The classification was made under EU guidelines aimed at monitoring and mitigating systemic financial risks.

The assessment considers the extent of Italian banks' exposure to these countries relative to their total global exposure.

Among the institutions operating in the listed regions are Intesa Sanpaolo and UniCredit, Italy's two largest lenders. Intesa Sanpaolo maintains a corporate-only presence in Russia, while UniCredit continues to operate a retail banking unit there.

In a recent investor document tied to its takeover offer for Banco BPM, UniCredit disclosed that its Russian unit increased its holdings of local government bonds in Q1 2025. The assets rose from 574 million euros in December to 754 million euros (US$888.06 million) by March.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.

More Information

null in null

Computers

Section

PM Modi to inaugurate new terminal of Guwahati airport in November: Assam CM

Guwahati (Assam) [India], July 6 (ANI): Prime Minister Narendra Modi is set to inaugurate the new terminal of Guwahati's Lokpriya Gopinath...

PM Modi congratulates Trinidad and Tobago on adopting UPI

Port of Spain [Trinidad and Tobago], July 5 (ANI): Prime Minister Narendra Modi paid an official visit to Trinidad and Tobago from...

India to gift 2000 laptops to school students in Trinidad and Tobago, extends OCI Card facility up to 6th generation: MEA

Port of Spain [Trinidad and Tobago], July 5 (ANI): During his visit to Trinidad and Tobago Prime Minister Narendra Modi made a number...

India-Trinidad Tobago sign six MoUs to boost cooperation

Port of Spain [Trinidad and Tobago] July 5 (ANI): India and Trinidad and Tobago have signed six agreements during Prime Minister Narendra...

Roundup: Trump targets foreign tourists with higher national park fees

President Trump has ordered higher entrance fees for foreign visitors to U.S. national parks, sparking concerns from environmental...

MP: CM Yadav transfers laptop grants of Rs 235.58 crore to 94,234 meritorious students

Bhopal (Madhya Pradesh) [India], July 4 (ANI): Chief Minister Mohan Yadav on Friday transferred Laptop grants worth Rs 235.58 crore...

Internet

Section