Italian banks nudge up, analysts see no big impact on profitability from planned levy
** Shares in Italian banks are slightly up on Wednesday with analysts saying a planned levy on the country's lenders would not have a big impact on their profitability
** Prime Minister Giorgia Meloni announced plans to raise 3.5 billion euros ($3.81 billion) from domestic banks and insurers to fund its budget
** Citi analysts say the proposals will have only small impact on banks' capital and will not have significant effect on profitability
** "Considering the potential scenario discussed in recent months and last-year proposal, this seems quite benign outcome", Citi adds
** "The plan does not impact banks because it is not a tax, but rather a loan, an advance of taxes to be paid," a Milan-based trader says
** By 0813 GMT, Intesa Sanpaolo ISP.MI, UniCredit CRDI.MI, Banco BPM BAMI.MI and Bper EMII.MI rise between 0.2% and 0.7%
** Italy's banking index .FTITLMS3010 is up 0.4%; including today's rise it has gained 52% YTD
Reporting by Alessandro Parodi
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