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 to restricted to shareholders alone.

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.

Since May 2013, a separate Report on Operations and Activities of the Bank of Italy has been published (only in Italian), which provides an account of the Bank's activities, the results achieved and the resources employed.

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

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Report on Operations and Activities of the Bank of Italy

The Report describes the activities of the Bank of Italy during the year in its roles as member of the ESCB and the Eurosystem, as the authority responsible for the sound and prudent management of financial intermediaries and for safeguarding the stability of the financial system, and as the provider of services to intermediaries, government bodies and the public.

Annual Accounts

The Bank of Italy’s annual accounts consist of the balance sheet, the profit and loss account and the notes to the accounts; pursuant to Article 37 of the Statute, there is also a report on operations and activities which is an integral part of the accounting and financial reporting and which provides useful information for a better understanding of the Bank’s overall activities.