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Archive » April 2023 » Biodiversity, relationship credit and proximity: recent trends in the Italian banking sector

Biodiversity, relationship credit and proximity: recent trends in the Italian banking sector

Elena Beccalli
April 2023 - n. 4
Keywords: Biodiversità, credito di relazione, prossimità
Jel codes: Q57, G21, G28

The Italian banking history is dotted with a series of financial institutions that have led to an increase in biodiversity, i.e. the presence of a variety of operators with a diversity and richness of characteristics in terms of entrepreneurial purpose, business model, operational complexity and size. An element bringing clear benefits in terms of supporting the real economy, promoting competition, contributing to the very stability of the financial system, especially in times of crisis. In promoting biodiversity, a significant function is achieved by cooperative banks, in terms of relationship banking and bank proximity. An even more challenging feature in light of the strong digitalization trends, especially in the post-pandemic period.

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