Negative record for gross bank non-performing loans. In July, they came close to 140 billion, compared to 138 billion in June and up by more than 22% compared to 114 billion a year ago.
The figures come from the ABI's monthly report, which underlines the increase in the riskiness of loans due to the current crisis.
With regard to non-performing loans net of write-downs, these amounted to 71,8 billion in July, around 1,2 billion more than the previous month and 16,4 billion more than in July 2012 (+29,6% per annum) . The net non-performing loans/total loans ratio rose to 3,84% from 3,75% in June.
In relation to total loans, gross non-performing loans amounted to 7,2% in July, up from 5,7% a year earlier (+22,3% per year).
Compared to the pre-crisis period, the quality of credit worsened significantly, especially with regard to small businesses. Basically, from June 2008 to July 2013, the gross non-performing loans/private sector loans ratio almost tripled, going from 3% to 8,3%. The already high level of the ratio for producer families also increased markedly: from 7% to almost 13%.
Interest rates go down. Those applied in Italy on new mortgages in August are down, reaching the minimum of the last 12 months at 3,60%. In detail, the rate on loans in euro to households for the purchase of homes - which summarizes the trend of fixed and variable rates and is also influenced by the change in the composition of disbursements based on the type of mortgage - was equal to 3,60% from 3,68% in the previous month (it was 3,95% in August 2012).
The dynamics of loans to households and businesses remained stable between July and August. The annual change is equal to -3,2%. Based on initial estimates, total loans to residents in Italy (private sector plus public administrations) amount to 1875 billion euros, marking -3% on an annual basis (-3,6% compared to the previous month). In detail, loans to households and non-financial companies amounted, again at the end of August, to 1438 billion, with an annual change of -3,22% (-3,20% in July). A year earlier, in August 2012, it was -1,8%.
The annual change in domestic funding from customers of Italian banks remains positive (+1%, from +0,3% at the end of July), still supported by the deposit component, while the dynamics of bonds and funding are down from abroad. More specifically, bank deposits from resident customers amounted to 1729,7 billion euro. Over the last year, the stock of deposits increased by almost 16,8 billion.
