The drop in loans from Italian banks to households and businesses continues to increase in October, when loans fell by 3,5% per annum to 1.429 million euros, compared to -3,2% in September. This is what emerges from the ABI's monthly report, which specifies that total loans to both the private and public sectors, equal to 1.857 billion euros, show a drop of 3,8% against the -3,9% of September. According to the association of Italian banks, "weakness in the financing activity of the economy is a common trait of the countries of the euro area", where the rate of change on an annual basis, in September 2013, was -1,8, XNUMX%.
The Abi further notes that in September bad debts net of write-downs amounted to almost 75,2 billion euros, approximately 1,7 billion more than the previous month and approximately 16,6 billion more than in September 2012, with an annual increase of 28,3%. Gross non-performing loans amounted to 144,5 billion euro, 2,7 billion more than in August and almost 27 billion more than in September 2012, marking an annual increase of almost 23%. The ratio between net non-performing loans and total loans stood at 4,03% (3,93% in August 2013 and 3,03% in September 2012). In relation to loans, gross non-performing loans amounted to 7,5% in September (5,9% a year earlier), a value that reaches 13,2% for small economic operators (11,1% in September 2012), 12% for businesses (9% a year earlier) and 6,2% for consumer households (5,3% in September 2012).
Again according to the ABI, the spread between the average rate on loans and the average rate on deposits from households and non-financial companies remained at particularly low levels, in September 2013 it amounted to 188 basis points (186 basis points in August 2013 ), before the onset of the financial crisis this spread exceeded 300 points.
