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 Travel News.

More Information

null in null

Business

Section

Russia among 4 systemic risk countries for Italian banks

MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...

US debt limit raised, but spending bill fuels fiscal concerns

NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...

Shein hit with 40 million euro fine in France over deceptive discounts

PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...

Meta hires SSI CEO Gross as AI race intensifies among tech giants

PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...

Engine defect prompts Nissan to recall over 443,000 vehicles

FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...

Microsoft trims jobs to manage soaring AI infrastructure costs

REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...

Travel and Tourism

Section