Italy had 11 banking group (excluding banking group that owned by foreign banks) that were supervised by the European Central Bank directly. According Mediobanca, there are more than 350 banking groups or independent banks as of 2017.^[1] However, ECB considered ICCREA Banca, the clearing house of Italian cooperative banks federation as one banking group, which the publication of Mediobanca considered the cooperative banks are individual entities, such as Banca di Credito Cooperativo di Roma was ranked 22nd in the publication, while ICCREA Banca and Bank of Italy were excluded from the publication.

List of banks by total assets

As of 17 January 2022^[1]

Rank (by Mediobanca)	Company	Total Assets (billion €)	RWAs (thousands €)	Type
1	Intesa Sanpaolo	1,002.61		domestic systemically important bank;[2] was supervised by European Central Bank[3]
2	UniCredit	931.46		global systemically important bank (Bucket 1) identified by Financial Stability Board;[4] was supervised by European Central Bank[3]
*	Bank of Italy			central bank
3	Cassa Depositi e Prestiti	410.35		national investment bank, majority owned by the Ministry of Economy and Finance
*	BancoPosta division of Poste italiane			joint-control by Cassa Depositi e Prestiti and the Ministry of Economy and Finance
*	Istituto per il Credito Sportivo			a subsidiary of the Ministry of Economy and Finance
4	Banco BPM	183.69		domestic systemically important bank;[2] was supervised by European Central Bank[3]
5	Banca Monte dei Paschi di Siena	150.36		domestic systemically important bank;[2] was supervised by European Central Bank,[3] majority owned by Ministry of Economy and Finance after bail-out
6	BPER Banca	134.17		was supervised by European Central Bank[3]
7	Banca Nazionale del Lavoro	95.9		subsidiary of BNP Paribas (was supervised by European Central Bank)
8	Mediobanca	78.95		was supervised by European Central Bank[3]
9	Crédit Agricole Italia	58.42		subsidiary of Crédit Agricole (was supervised by European Central Bank)
10	Banca Mediolanum	59.03		Also an leading insurance company
11	Credito Emiliano	56.65		was supervised by European Central Bank[3]
12	Banca Popolare di Sondrio	53.30		was supervised by European Central Bank[3]
*	ICCREA Banca	38.12 [5]: 375	12,834,414[5]: 30	clearing house owned by 300+ regional banks, was supervised by European Central Bank[3]
13	Deutsche Bank (Italy)	023.93		subsidiary of Deutsche Bank AG (was supervised by European Central Bank)
14	Crediop	020.53		subsidiary of Dexia (was supervised by European Central Bank)
15	Banca Popolare di Bari	014.25
16	Banco di Desio e della Brianza	013.98
17	Banca Sella Group	013.97
18	Banca di Credito Cooperativo di Roma	011.59		Will be part of ICCREA Banca Group as shareholder
19	Cassa di Risparmio di Asti	011.51

Note: Banks with assets less than €10 billion were omitted from this wiki list. Barclays Bank, Italian branch was also excluded