Corporate Banking in Italy
RAROC profiles and pricing benchmarks for 2 Italy banks, sourced from Pillar 3 disclosures.
Last updated: March 2026 · Data source: public Pillar 3 disclosures
Banks tracked
2
Headquartered in Italy
Total corporate EAD
EUR 321bn
Combined exposure
Avg cost-to-income
40.1%
Operating efficiency
Avg corporate PD
4.32%
Probability of default
Overview
OpenRAROC tracks 2 banks headquartered in Italy with a combined corporate credit exposure of EUR 321bn. The average Italy bank in our dataset has a cost-to-income ratio of 40.1% and an average corporate probability of default of 4.32%. On a representative BBB+ EUR 25M 5-year term loan, these banks generate an average RAROC of 6.72%.
Cheapest vs most expensive in Italy
On the standard sample deal, Intesa Sanpaolo is the cheapest lender in Italy, requiring just 269bp to hit a 12% RAROC hurdle. The most expensive is UniCredit at 269bp — a difference of 0bp on the same deal. For a EUR 25M facility, that's EUR 256 per year in interest expense.
All 2 banks ranked by RAROC
RAROC computed on a representative BBB+ rated, 5-year, EUR 25M term loan at 150bp spread. Click any bank for its full profile.
| # | Bank | C/I | Avg PD |
LGD | EAD | RAROC | Min spread |
| 1 | Intesa Sanpaolo | 42.2% | 4.13% | 39.3% | EUR 138bn | 6.76% | 269bp |
| 2 | UniCredit | 38.0% | 4.52% | 32.1% | EUR 183bn | 6.68% | 269bp |
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FAQ: corporate banking in Italy
How many banks in Italy does OpenRAROC cover?
OpenRAROC tracks 2 banks headquartered in Italy, with a combined corporate credit exposure of EUR 321bn reported in their most recent Pillar 3 CR6 disclosures.
Which Italy bank has the tightest corporate credit pricing?
On a representative BBB+ EUR 25M 5-year term loan, Intesa Sanpaolo requires the lowest minimum spread to clear a 12% RAROC hurdle (269bp), making it the cheapest lender in the Italy cohort on that specific deal.
What is the average cost-to-income ratio of Italy banks?
The 2 Italy banks in the dataset report an average cost-to-income ratio of 40.1% and an EAD-weighted average corporate probability of default of 4.32%.
How is RAROC calculated for Italy banks?
Each bank is priced on the same BBB+ EUR 25M 5-year term loan, using its own disclosed cost-to-income, effective tax rate, funding spread, and IRB-approach PD/LGD parameters. See the methodology page for the full formula.