April was a positive month for cooperative banks, with the main balance sheet aggregates continuing the positive trend of the previous months.
Loans rose, with the flow of new loans to small and medium-sized business customers amounting to almost 9 billion euro and that to households for home purchases reaching the figure of 4 billion euro.
Bank funding also increased, up by 2,5%, thanks above all to the deposit component, which increased by 4,3%, 0,4 percentage points above the national average.
According to the Secretary General of the National Association of Cooperative Banks Giuseppe De Lucia Lumeno "The action to support communities and territories is confirmed for Cooperative Banks through constant growth in the credit disbursed which rewards above all SMEs and households, such as reference clientele and in close contact with all the solicitations that come from the real economy and from the productive sectors. A proximity to local economies - continued De Lucia Lumeno - also testified by the growth in savings. Funding and deposits represent the most important resource for promoting the recovery of the country's entrepreneurial fabric and the ability of our companies to be competitive abroad as well”.
