The Annual Report is published at the end of May and is the subject of the Governor's Concluding Remarks at a public meeting, not restricted to shareholders.

It contains a comprehensive analysis of the key developments in the Italian and international economy in the previous year and the early months of the current year and is supplemented by a statistical appendix, only available online.

A separate Activity and Sustainability Report gives an overview of the Bank's role and functions, provides an account of the activities carried out and the results achieved during the year, and addresses environmental, social and governance sustainability topics.

To consult the special focus chapters contained in the Annual Report from 2007 to the present day, click here.

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Annual Accounts

Banca d'Italia's annual accounts consist of the balance sheet, the profit and loss account and the notes to the accounts.

Activity and Sustainability Report

The Activity and Sustainability Report gives an overview of the Bank's role and functions, provides an account of the activities carried out and the results achieved during the year, and addresses environmental, social and governance sustainability topics.