Fabio Panetta, the governor of the Bank of Italy, emphasized the strength of the Italian banking sector as a pillar of stability in Italy during his speech at Assiom Forex in Venice. He noted that the banks are carefully managing risks, but warned that excessive caution should not stifle entrepreneurial initiatives that have valid prospects. This statement highlights the delicate balance banks must maintain between risk management and the need to support economic growth through business financing.

Panetta pointed out that financing to businesses has resumed growth, driven by increased investments. He underscored the importance of this financial support in fostering innovation and the adoption of digital technologies, which are crucial for Italy's economic growth. The need for banks to continue facilitating investments in these areas is critical for ensuring sustainable development moving forward.

Furthermore, he addressed the profitability of the banking sector, which remains strong despite a decrease in interest margins, thanks to fee revenues and low credit adjustments. Panetta's remarks reflect a recognition of the progress made in Italy's banking system over the years while also calling for an ongoing commitment to support the business sector, which is essential for the country's economic resilience and growth prospects.