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Banking desertification: the closed branches and the Italian towns left without a bank

In seven years Italy lost almost 9,000 bank branches: -30% since 2015. The time series, the map of towns left without a bank and the link with depopulation and fragility.

A silent retreat is redrawing the geography of services in Italy: that of the banks. Branch after branch, the banking system abandoned first the small towns, then peripheral neighbourhoods, finally even many mid-sized towns. For those who use home banking it is an almost invisible evolution; for the elderly, small businesses and fragile territories it is the disappearance of an essential local institution.

The figures of the so-called banking desertification are stark: between 2015 and 2022 bank branches in Italy fell from 29,729 to 20,907. Almost nine thousand closures, nearly a third of the network, in just seven years.

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20,907
Bank branches in Italy in 2022, down from 29,729 in 2015
-8,822
Branches closed between 2015 and 2022
4,734
Italian municipalities with at least one bank branch

Bank branches in Italy, 2015-2022

Total number of active bank branches nationwide per year

Source: DatiItalia — data from ISTAT, MEF, ISPRA, EEA

The decade of closures

The time series leaves no room for interpretation: the decline is constant, year after year, without a single sign of reversal. From 29,729 branches in 2015 the figure falls to 27,193 in 2017, 24,201 in 2019, down to 20,907 in 2022. On average, Italy lost more than a thousand branches a year for seven consecutive years, with an acceleration between 2020 and 2021, when more than 1,800 closed in twelve months.

The causes are well known: the digitalisation of payments, bank mergers that eliminated overlapping branches, and cost compression during years of low interest rates. But the point is the distribution of the closures: the network did not thin out evenly, it withdrew from the margins. Today only 4,734 of Italy's 7,904 municipalities have at least one branch: more than three thousand towns, home to millions of people, are territory without a bank.

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The 15 cities with the most bank branches

Number of bank branches per municipality, latest available year

Source: DatiItalia — data from ISTAT, MEF, ISPRA, EEA

Where the banks remain: urban concentration

The municipal ranking shows the other face of the retreat: concentration. Rome leads with 945 branches, Milan follows with 652, then the gap is already enormous: Turin has 300, Naples 219, Bologna 205 and Genoa 189. Florence, Brescia, Palermo, Verona and Padua complete the picture of the main banking centres.

The North-South comparison is telling even at the top: Naples, Italy's third city by population, has a third of Milan's branches; Palermo, the fifth, has 138, fewer than Brescia. The southern banking network was already sparser before the closures, and the decade of desertification has widened the gap.

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The map of bank branches in Italy

Bank branches per municipality: the columns show where the network is concentrated and where it has disappeared

Source: DatiItalia — data from ISTAT, MEF, ISPRA, EEA

The three-dimensional map makes visible what averages hide: vast areas of the Apennines, the less touristy Alps and the inner South where the columns are simply absent. It is no coincidence that the geography of bank-less towns mirrors that of depopulation and fragility: the branch closure is at once an effect and a cause of decline. An effect, because the bank closes where customers dwindle; a cause, because without a branch a territory loses attractiveness for businesses and families, accelerating the spiral.

For elderly people who are not digital, withdrawing a pension or paying a bill can mean dozens of kilometres of road. For small shopkeepers, cash handling becomes a cost and a risk. Stopgap solutions exist, from agreements with post offices to mobile branches, but the underlying fact remains: between 2015 and 2022 Italy lost 30% of its banking network, and nothing in the time series suggests the descent has stopped. On DatiItalia you can check how many branches remain in your municipality.