In first quarter of 2020, the Italian popular banks they recorded growth in performing loans at 3% every year. THE depositsinstead, they are increased by 6%, while non-performing loans (npl) scored a further 20% decrease, “also thanks to the securitization operations carried out continuously in the last two years for a value of around 3,5 billion euro”. This is what he communicates in a note Drowsy, the National Association of Cooperative Banks, which speaks of "positive effects on local economies".
Of course, the data for the first quarter only minimally record the devastating effects produced on the Italian (and world) economy by the coronavirus pandemic. For this reason, Assopopolari admits that a "robust support in the recovery phase which, hopefully, will be able to start as soon as possible" could soon prove to be "indispensable".
According to the general secretary of the Association, Giuseppe DeLucia Lumeno, "proximity and territorial roots continue to be essential for supporting the real economy and the families most exposed to the current storm".
Even and above all in times of crisis, "a system made up of diversity of governance models - concludes the number one of Assopopolari - is the only one capable of responding to the needs of a productive fabric such as the Italian one, which is complex and mainly made up of small and medium-sized enterprises".
