Cassa di Ravenna’s Patuelli warns rising rates trigger bond losses at banks

• La Cassa di Ravenna Chairman Antonio Patuelli warned rising interest rates are generating significant valuation losses on banks' bond holdings.
• Higher energy costs risk triggering widespread business failures, potentially worsening credit quality and forcing banks to increase loan-loss provisions, he warned.
• Patuelli criticized the 60% effective tax burden on shareholders' profits, citing a further three-year contribution requested from banks in 2026.
• That contribution involves releasing reserves accumulated since 2023; other measures include deferred tax credits and an additional IRAP surcharge.
• Despite these pressures, Bank of Italy data confirm lending to businesses and households is growing, Patuelli said.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. La Cassa di Ravenna S.p.A. published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.