Italian banks,banks
bconsolidation,
radically reducing
their number but their
branches have
increased due to the
geographically
competitive pressure.
Privatization has
reached
unprecedented
heights, covering 90%
of the country’s
assets. Italian banks
generally conform to
international
standards with respect
to capital adequacy
and governance. The
degree of automation,
however, is not very
high. Nonetheless,
profitability in banks
has improved recently.
Italy is a part of Southern Europe, bordering Austria,
France, Vatican City and Switzerland. It has a
population of over 5.8 crore. It was a charter member of
NATO and the European Economic Community (EEC). Having
joined the European Monetary Union (EMU) in 1999, it follows
republican type of government. Italy has a diversified industrial
economy, and follows the capitalistic model. |
