Bluerating

Bluerating on the the private banking market in Italy.

A market shared amongst a few big names that include: UniCredit, Fideuram, Generali, plus UBI and BNP

By Gianluca Baldini

If we estimate that the private banking market in Italy is worth 920 billion euro, that leaves 26.3% not yet reached by private banking services (242 billion euro). This is only a slight change on the 27% recorded in 2013.

According to the Magstat survey, the first 3 operators – UniCredit PB, Intesa Sanpaolo PB and UBI Banca – account for the lion’s share. Between them, the big 3 hold 56% of the private market handled by Italian commercial banks through their [private banking] divisions or through independent banks specialising in the segment, and 29.7% of the private and family office market.

BNL-BNP Paribas, UBS Italia and Credit Suisse Italy hold 51.2% of the private market handled by foreign banks, and 9.9% of the private market served. Banca Esperia, Banca Leonardo and Invest Banca hold 72.2% of the private market managed by specialist independent Italian banks and 3.8% of the private market overall.

Ersel SIM, Banor SIM and Finint Alternative IM SGR hold 59.7% of the private segment handled by boutique financial services firms, asset management companies and securities brokerage firms, and 1.6% of the overall private market.

Banca Fideuram alone holds 49.3% of the private market managed by financial advisors specialising in private banking, and 5.7% of the private market.

The first 3 family office structures (Unione Fiduciaria, Tosetti Value Sim and Argos) hold 31.6% of the private market in that segment, and 2.6% of the private market served.

The first 3 Italian banking groups (Intesa Sanpaolo Group, UniCredit Group and UBI Banca Group) control 37.6% (255 billion euro), and the first 5 groups (i.e. the 3 mentioned plus BNP Paribas and Banco Popolare), 45.4% (308 billion euro). Lastly, the first 10 (the above-mentioned plus UBS, Veneto Banca, MPS Group, Credem Group and Credit Suisse) control 60.6% (411.1 billion euro) of the private market served.

Original article in Italian language, available here: Bluerating, September 11, 2014.


The contents provided for in this section have not been audited by independent bodies. There’s no warranties, expressed or implied, regarding reliability, accuracy or completeness of the information and opinions contained. The informations are not based on assessment of the adequacy and do not consider the risk profile of the possible recipients, and therefore, should not be construed as personal recommendation and does not constitute investment advice, according to the Italian Legislative Decree n° 58/98. The contents of this site may not be reproduced or published whole or in part, for any purpose, or disclosed to third parties.

Share