In December 2018, the net non-performing loans of Italian banks amounted to 29,5 billion euros, a value down by 23% compared to the 38,3 billion of the previous month. Comparing the figure with the same month of 2016, the reduction is 57,3 billion, equal to 66%. Compared to the historical record of net non-performing loans, reached in November 2015 (88,8 billion), the reduction is over 59 billion. The data is contained in the latest monthly report of the Italian Banking Association (Abi).
The analysis also shows that, again in December, the ratio of net non-performing loans to total loans stood at 1,72% in December 2018 (it was 4,89% at the end of 2016).
MORTGAGES
As regards mortgages, the ABI points out that in December the market grew by 2,5% on an annual basis. The following month, interest also increased, but only slightly: in January the average rate on home loans was 1,92%, against 1,89% last December (and 5,72% at the end of 2007). .
The average rate on new business loan transactions was 1,52% (from 1,46% in the previous month; it was 5,48% at the end of 2007).
Finally, the average rate on total loans stood at 2,59% (2,55% the previous month and 6,18% before the crisis, at the end of 2007).
COLLECTION
In terms of deposits, the Banking Association notes that in January deposits increased by around 35 billion euros on an annual basis (+2,4%). On the other hand, bond funding was bad, down by 29 billion (-10,8%). The dynamics of total deposits (deposits from resident customers and bonds) increased slightly (+0,3% in January 2019).
Again in January, the average interest rate on total bank deposits from customers (sum of deposits, bonds and repurchase agreements in euro to households and non-financial companies) was 0,61% in Italy, stable compared to the previous month .
