The Value of Savings
For more than 100 years, we have offered simple, secure savings products backed by the Italian State. We collect these savings responsibly and reinvest them to support the country's growth.
It all began in 1875 with the introduction of the Postal Savings Booklet (Libretto di Risparmio Postale), an innovative product for its time, designed to make saving accessible to everyone through the nationwide network of post offices. In 1925, Postal Savings Bonds (Buoni Fruttiferi Postali), issued by CDP, were introduced to complement the offering with a medium- to long-term investment product. By providing progressively increasing returns over time, the Bonds encouraged people to keep their savings invested for longer, helping foster a more informed and responsible approach to personal finance.
Over the decades, Postal Savings has played a fundamental role in building a genuine savings culture in Italy. Generations of Italians have been able to achieve important life goals—from buying a home and financing education to planning for their children's future—through products that are clear, inclusive and accessible to everyone.
This model has also strengthened the country's financial independence, reinforcing the foundations of Italy's economic development.
A Model with Double Value
Postal Savings creates value on two levels: for citizens, who invest in simple products backed by the Italian State; and for the country, because the resources collected by CDP are transformed into infrastructure, services and development projects across Italy.
Choosing Postal Savings products means combining the financial value of a state-backed investment with a significant social purpose. For more than a century, this model has demonstrated that financial returns and social impact can reinforce one another, creating a unique savings model within the European landscape.
It is a virtuous, circular process: savings collected from local communities are reinvested in those same communities through public services, jobs and new opportunities for development. It is a pact of trust with Italian savers that has endured for more than 150 years.
A Model with Double Value
Postal Savings creates value on two levels: for citizens, who invest in simple products backed by the Italian State; and for the country, because the resources collected by CDP are transformed into infrastructure, services and development projects across Italy.
Choosing Postal Savings products means combining the financial value of a state-backed investment with a significant social purpose. For more than a century, this model has demonstrated that financial returns and social impact can reinforce one another, creating a unique savings model within the European landscape.
It is a virtuous, circular process: savings collected from local communities are reinvested in those same communities through public services, jobs and new opportunities for development. It is a pact of trust with Italian savers that has endured for more than 150 years.
For more than 150 years, we have transformed the savings of Italians into infrastructure, projects and opportunities for the country.
The Infrastructure That Built Italy
Since its foundation in 1850, CDP has contributed to the development of the infrastructure that has connected a newly unified Italy, both physically and virtually. This includes transport, energy and telecommunications networks, as well as the places that underpin everyday life, such as schools, hospitals and housing.
From Reconstruction to Development
In the post-war years and throughout Italy's economic boom, we helped deliver major projects that modernised the country, including the expansion of the motorway network and the electrification of the railway system. We also supported reconstruction following the Florence flood of 1966 and the Friuli and Irpinia earthquakes of 1976 and 1980. In the years that followed, we financed the construction of ports and airports, the metro systems of Genoa, Turin and Rome, the high-speed rail network, and many other projects.
Savings That Support the Future
Today, the savings of Italians continue to finance the country's development. The resources collected help support public authorities and investments in digital, energy and transport infrastructure. They foster the growth, innovation and internationalisation of Italy's productive system, from start-ups to national champions. They also contribute to the development of infrastructure for social housing and student accommodation, as well as international development cooperation programmes.
For more than 100 years, Postal Savings Bonds have accompanied the savings journey of Italians. The gallery traces the evolution of the various historical bond series, from the earliest issues to today's Bonds, each representing a fundamental pillar in the growth and future of the country: industry, infrastructure and transport, education, and international cooperation.
