MILAN : More than three-quarters of the population in Lombardy, Italy's largest and most industrialized region, banked online last year, compared with the national average of 63 per cent, the Bank of Italy said on Wednesday.Digital banking in Lombardy has grown 20 per centage points since 2015, the centra
MILAN : More than three-quarters of the population in Lombardy, Italy's largest and most industrialized region, banked online last year, compared with the national average of 63 per cent, the Bank of Italy said on Wednesday.
The data supports No. 2 Italian bank UniCredit's argument against acquiring Lombardy-based rival Banco BPM, a deal some shareholders have called for to strengthen its regional presence. In April UniCredit CEO Andrea Orcel said digital users helped his bank secure 11 per cent of deposits in Lombardy, more than its 6 per cent share of branches in the region suggested.
The number of bank branches in Lombardy fell 4 per cent in 2022, bringing the total decline since 2008 to 39 per cent, compared with 41 per cent for the European Union, the Bank of Italy said.
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