The official site of Italy's central bank
The Bank of Italy operates throughout the country via its branches located in the regional capitals and in some provincial capitals. The branches main' activities are:
- State treasury services, namely payment and collection services for government departments;
- banking and financial supervision on groups and financial intermediaries, operating mainly at a local level, of smaller dimensions or of limited operational complexity;
- banknote circulation, i.e. the distribution of euro banknotes and safeguard of the integrity and quality of banknotes;
- local economic analysis and statistical surveys.
The branches also perform payment system tasks, provide information to the Interbank Register of Bad Cheques and Payment Cards and the Central Credit Register, receive complaints concerning banking and financial services and handle claims to the Banking and Financial Arbitrator.
The branch network is organized as follows:
- 20 branches located in the regional capitals, which perform the whole range of activities assigned to the network;
- 6 units, forming part of the regional branch, which perform banking and financial supervision;
- 6 branches devoted to a broad range of activities, which perform all tasks except economic analysis and statistical surveys;
- 25 branches specialized in providing user services;
- 6 branches specialized in handling cash, which collect banknotes from and distribute banknotes to banks and Poste Italiane;
- 1 branch in Rome specialized in the State treasury service.
The current organization is the outcome of a reform process that began in 2008 and was completed in 2010, based on the principle of branch specialization . The process led to the closure of 39 branches.
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