Money in increases, but money out continues to decrease. And suffering remains at worrying levels. This is the picture that emerges from the latest Bank of Italy data on the activity of credit institutions.
Let's start with loans to households and businesses. Last November, loans to non-financial companies decreased by 3,4% on an annual basis (-2,9% in October), while those to families decreased by 0,3% (-0,1% in October). In general, loans to the private sector recorded a contraction of 1,5% on an annual basis (-1% in the previous month).
Interest rates on household loans for house purchases remained stable at 4,05% (from 4,06% in October), while those on new consumer credit disbursements decreased to 9,49% (9,65 in October).
The rates on new loans to companies non-financial assets of less than one million euro, on the other hand, were equal to 4,49% (4,51% in the previous month), while rates on loans for larger amounts amounted to 3,06% (3,02% in October).
as to collection, according to data from the Bank of Italy the growth rate of private sector deposits accelerated, again in November, al 6,6% (4,7% in October), while that of bond funding was 10,6% (11,9% in the previous month). The annual growth rate of sufferingsfinally, it remained almost unchanged at 16,7% (16,6% in October).
