The Italian economy managed to bounce back with a faster-than-expected growth rate of 6.6% in 2021, after suffering more than most of its European peers during the Covid-19 pandemic when it contracted by 8.9% in 2020. However, the European Central Bank’s Pandemic Emergency Purchase Programme, along with abundant liquidity provided to Italian banks, has eased their refinancing risks.
Banca Mediolanum is this year’s best-performing Italian bank put of the country’s 10 largest lenders, moving up from fifth spot last year. It achieved an overall score of 5.87, driven by its strength in operational efficiency and return on risk, where it came first among its peers. The bank also scores well for growth, profitability and liquidity.
