Italy banking institutions give your business an advantage if you are considering expanding into Europe. Banking in Italy allows you the opportunity to work with a financial institution with knowledge about local economic conditions. Italy commercial banking also helps you find and deal with the right people.
Banking in Italy helps you transition into a new market for your business. Italy banking institutions make customer service a top priority and want you to be confident that your funds are safe with them. When exploring banks in Italy, think about the following points:
1. Inquire about the type of accounts you can open at a bank in Italy; some banks only provide service for business and investment options.
2. Look for bank names you recognize with branches in Italy.
3. Find out which banks communicate in your native language; many banks provide representatives who speak English, as well as other major European languages.
Action Steps
The best contacts and resources to help you get it done
Work with Italy banking institutions with investment service
If you need an investor for your venture or a basic business loan, you can find Italy banking institutions willing to provide the funding. Italian bankers are enthusiastic about supporting your plans to expand in their country. Compare Italy banks that advertise funds for new projects.
I recommend: Check out UniCredit’s
Markets & Investment Banking Division. UniCredit is one of the largest banks in Italy. Calyon Group, another power player in Italy banking, offers a specialized
Global Investment Banking division.
Use Italy Banks with a global presence
Many Italy banking institutions have a global presence and handle a variety of financial services, which include corporate banking, investments and personal accounts. You may find it easier to work with a bank with a US presence.
I recommend: Search ABN AMRO bank’s website, which provides a
local presence locator. This bank services more than 60 countries and offers Italy commercial banking services for many different types of business, which include telecom, energy and healthcare. Merrill Lynch International, another global financial institution with branches in Italy, provides contact information online for
global offices in Milan and Rome.
Compare services between large and small banks in Italy
A smaller bank of Italy may provide you with more personal customer service than some of the larger banks and may understand the local culture better than a global bank. Many Italy banks carry materials available for English-speaking customers. Establishing a working relationship with a smaller Italy bank may benefit you if the bank expands or grows into a larger power player.
I recommend: Find banks like Banca Agricola Mantovana, which translates its services into
English. This bank has branches in the north Italian provinces of Lombardy, Emilia-Romagna, Veneto and Piedmont. Banca IMI, which offers
corporate finance, is an investment bank with offices in Rome and Milan and maintains a website in English.
Tips & Tactics
Helpful advice for making the most of this Guide
- To make the transition to Italy commercial banking smoother, find an account representative with whom you feel you communicate easily.
The official source of Banks in Italy is the Banks in Italy page at Business.com
Related Resources from Business.com
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