The official site of Italy's central bank

Shareholders

Participation in the capital of the Bank of Italy is governed by Articles 3 and 49 of the Statute. The capital, amounting to € 156,000, is divided into 300,000 registered shares with a par value of € 0.52 each. The rules on the ownership of shares refer to the relevant provisions of law and also specify that shares may be transferred, acting on a proposal from the Directorate, only with the prior consent of the Board of Directors, so as to “preserve at all times the autonomy and independence of the Bank and a balanced distribution of the shares”.
The annual ordinary general meeting of shareholders is held at the Head Office not later than 31 May to approve the annual accounts, the allocation of profits, the distribution of the income earned on the reserves and, where necessary, the election of the members and chairman of the Board of Auditors.
Articles 39 and 40 of the Statute address the allocation of profits, with a part going to the State, and the investment of the reserves and the income earned thereon.
Extraordinary shareholders’ meetings approve amendments to the Statute; ordinary shareholders’ meeting decide on all the matters specified by the Statute (Articles 6-14).