Record bad debts in April and less credit but more mortgages for Italian banks. This is what emerged from the monthly report of the Italian Banking Association which revealed how, following the persistence of the crisis, the bad debts of Italian banks reached 166,4 billion euro, 1,8 billion more than in the previous month of March and about 33,2 billion more than at the end of April 2013 (+25% per annum). However, the dynamics slowed down compared to +27,2% at the beginning of the year.
In relation to loans, gross non-performing loans amounted to 8,8%, a decidedly high value if compared with 2,8% in 2007 and the highest since October 1998. In detail, the value reached in April 14,9% for small economic operators, 14,2% for businesses and 6,5% for families. Net non-performing loans also recorded an increase, going from 75,7 billion in March to 76,7 billion and the ratio of net non-performing loans to total loans rose to 4,23% from 4,12% in March (and from 0,86 % pre-crisis). Net bad debts on capital and reserves, on the other hand, stood at 18,93%, a rate which compares with 17,99% in March. While non-performing loans continue to increase, funding was banned in Maycaria has gone down, on an annual basis, by 0,72% to 1.724,5 billion (-12,5 billion), while on a monthly basis it recorded an absolute increase of 2,5 billion.
