Banco BPM fell by 3.4 percent, UniCredit fell by more than 1.6 percent, Ubi Bank by 1.8 percent and Intesa Sanpaolo by 2.2 percent.
5. Nov 2018 at 20:08 SITA
RIM. The Italian banking system became under pressure, as the shares of the four largest financial institutions in the country declined despite the general positive results of the last stress test carried out by the European Banking Authority (EBA).
On Monday morning, Banco BPM's shares fell 3.4% on Monday morning, UniCredit lost more than 1.6%, Ubi Banca 1.8% and Intesa Sanpaolo 2.2%.
Analysts say the weakening of the shares shows a number of concerns about Italy. Portal cnbc.com was notified.
"The fact is that the burden of testing on Italian banks is generally positive, but I believe that inventories have declined as they will begin to raise questions related to Italy's expectations next year," said CNBC's Tom Kinmonth, ABN Amro, a US television company.
Capital Economics analysts said that, despite the results, "the Italian bank is still a source of concern". This is because "the economic assumptions underlying this analysis are not optimistic."
EBA assessed the bank's balance sheets for 2017 and examined data before the government's change in Rome. "If EBA presented today the baseline scenario, we would probably expect a slowdown," said Jack Allen, economist at Capital Economics, for CNBC.
The new anti-system government in Italy said it would oppose EU fiscal rules. Consequently, there was increased concern about the state's ability to repay its debt.
It damaged Italian banks, since they were added to the main holders of Italian bonds. com.