Australian Business Network in Italy
Macquarie Bank today announced the opening of its retail mortgage branches in both Milan and Rome, continuing the international expansion of Macquarie's mortgage activities into Europe.
Retail offices were opened in both Milan and Rome, with the business headquartered in Milan. The Rome branch was officially opened by the Australian Ambassador to Italy, Mr Peter Woolcott.
The Italian mortgage market is the seventh largest mortgage market in the world and at €158 billion has experienced 42 per cent growth between 2000-2003. Consequently, Italy has one of the highest home ownership ratios in the world.