The 2026 maneuver has already generated its first revenues, amounting to 1.8 billion euros contributed by Italian banks. This payment was a result of the newly implemented tax on extra profits, which was introduced with the Asset decree in 2023. Banks had the option to avoid this tax through strengthening their capital; thus, they opted to release their capital reserves by making this significant payment.

The decision comes after a strong performance in the banks' financial results in 2025, which encouraged them to act sooner rather than later. By participating this year, banks benefit from a reduced tax rate of 27.5%, lower than the IRES rate imposed on the banking sector, resulting in a total saving of approximately 800 million euros. The tax mechanism outlined by Minister Giancarlo Giorgetti plans to gradually increase the tax rate on extra profits to reach 40% by 2029, incentivizing banks to release their reserves while also allowing the state to collect more revenue.

This early payment from banks exceeds the government’s cautious estimates, which anticipated receipts of around 1.6 billion euros. As a result, the total income generated from this maneuver not only helps alleviate immediate financial needs of the state but may also set a precedent for future tax strategies aimed at maximizing revenue from the banking sector. This strategic approach could strengthen the relationship between the government and the banking sector, aligning their interests in maintaining strong economic performance.