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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
MNI BRIEF: BOI Sees 2022 Profit, But Possible Losses '23-'24
The Bank of Italy made EUR 2.1 Billion of net profit in 2022, a reduction of EUR3.9 billion compared to 2021, but the expectations for losses in 2023 and 2024 are growing as interest rates rise, Governor Ignazio Visco said during the central bank's annual presentation Friday.
In gross numbers, the BOI profit fell to EUR5.9 billion from EUR5.9 billion. Provisions general risks was increased by EUR 2,5 billion, a big quantity in order to offset the future losses, reaching a total of 35,2 billion.
Although still to be approved, the Governor said a dividend of EUR 40-380 million will be paid, with EUR1.67 billion passed to the Italian state. An additional total E1.3 billion was paid in taxes.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.