1.719 billion account for Italian banks with the release of capital reserves accumulated for the 2023 law on extra profits. The mechanism envisaged in the maneuver provides that banks that do not release the reserves accumulated in the past in order not to pay 40% on extra profits will be able to do so in 2026 at 27.5%. Below is the expenditure in millions of euros for the main banking groups with the theoretical tax due at 40% and the hypothesis at 27.5%, based on data processed by Fabi.
BANK TAX AT 40% TAX AT 27.5%
Intesa San Paolo 828 569
Unicredit 440 303
Banco Bpm 151 104
Bper 126 87
Mps 125 86
Mediobanca 90 62
Credit Agricole Italia 87 60
Popular Sondrio 43 30
Credem 38 26
Mediolanum 37 19
TOTAL FIRST 9 GROUPS 1,955 1,344
GRAND TOTAL 2,500 1,719
In total, the outlay for the top 9 banking groups would amount to 1.344 billion, to which another 375 million from smaller institutions would be added for a total of 1.719 billion compared to 2.5 with taxation at 40%.