The Bank of Italy has returned to profitability, thanks in part to the revaluation of gold, which has helped the central bank's finances after two difficult years. The 2025 budget finished with a gross profit of €3 billion and a net profit of €1.65 billion, a major increase from the previous two years' gross losses of €7.1 billion and €7.3 billion, respectively. Governor Fabio Panetta noted that the recovery of more than €10 billion "primarily reflects the effects of monetary policy". The drop in interest rates has resulted in a "strong improvement in the interest margin", which also benefits from the appreciation of gold reserves, which have historically been a significant component of the Bank of Italy's assets. The value of the 2,452 tons of gold stored in Italy, the United States, Switzerland, and the United Kingdom has risen by €91.3 billion. The return to profitability enables the central bank to continue transferring funds to the state and its shareholders, who include banks, foundations, pension funds, and insurance firms. The Bank of Italy has 7,050 employees; the governor earns €480,000 per year.