In January the net bad debts of Italian banks they stood at 33,4 billion euros. The data is a lot lower than that of the same month last year (59,4 billion, -43,7%), but it is also phigher - and not just - compared to the December 2018 survey, when NPLs stopped at 31,9 billion. The data is contained in the latest monthly bulletin of the Italian Banking Association (ABI), from whose tables it emerges that such a significant increase in non-performing loans on a monthly basis had never been recorded in the last two years. In any case, compared to the historical maximum of NPLs (88,8 billion reached in November 2015), the reduction is over 55 billion, ie -62,4%.
Encouraging signs are also coming from the ABI. Also according to the association's report, in February i loans to households and businesses recorded an annual growth of 1,1%.
As for the market for mortgages, the recovery continues: the latest data available refer to January and show an increase of 2,5% on the year.
Yields, however, started to fall again: in February the average rate on new home purchase transactions it was 1,91%, against 1,95% last January (and 5,72% at the end of 2007).
Reverse trend for the average rate on new business financing transactions, which rose in the first two months of the year from 1,47 to 1,49%.
The average rate on total loans is 2,57% (2,58% the previous month and 6,18% before the crisis, at the end of 2007)
It flies, i deposits (current accounts, certificates of deposit, repurchase agreements) increased, in February 2019, by around 45,3 billion euro compared to a year earlier (change of +3,1% on an annual basis), while the the decrease in medium and long-term deposits, ie through bonds, for 24 billion euro in absolute terms in the last 12 months (equal to -8,9%).
The dynamics of total collection (deposits from resident customers and bonds) grew by +1,3% in February 2019.
