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The cost-to-income ratio of Intesa Sanpaolo fluctuated slightly throughout the period covering 2013 to 2022. This ratio ranged from a value as low as **** percent in 2015 to as high as **** percent in 2020. As of 2023, it dropped to **** percent, which was a significant decrease compared to the previous years.

Cost-to-income ratio

The cost-to-income ratio is an important measure to evaluate the financial performance of companies and, particularly, banks. It is calculated by dividing operating expenses by operating income. This indicator shows how efficiently a company is run: the lower the cost-to-income ratio, the more profitable the company is (or should be).

Leading banks in Italy

With over three thousand branches, Intesa Sanpaolo was the bank with the highest number of bank offices in Italy in July 2022. Following in the list was UniCredit with almost bank branches. The two banks ranked as the largest banks in the country in terms of total assets. Not only do Intesa Sanpaolo and UniCredit dominate the Italian market, but they also appeared in several rankings of the leading banks in Europe, for instance in terms of market capitalization, and total assets.