The growth of non-performing loans of Italian banks slows down while loans granted to households accelerate and those to non-financial companies mark a setback. According to data published today by the Bank of Italy, in March the bad debts of Italian banks they grew to 196.963 million euro, substantially stable (+0,4%) compared to the 191.101 million of the previous month and up 3,9% compared to the 189.552 million of March 2015.
The figure is significantly lower than the +4,7% recorded on an annual basis in February. If this growth rate is corrected to take account of securitisations and other loans sold and canceled from bank balance sheets, similarly to what is done for loans, the twelve-month growth rate of non-performing loans is equal to 13,6% (13,5 .XNUMX% in February).
I loans from Italian banks to the private sector, corrected to take into account securitizations and other loans sold and canceled from bank balance sheets, recorded an annual growth of 0,3 per cent (0,6 per cent in February). Loans to households grew by 1,1 per cent over twelve months (1,0 per cent in the previous month); those to non-financial companies decreased, again on an annual basis, by 0,3 per cent (they had grown by 0,3 per cent in February).
Also in March, the annual growth rate of the private sector deposits it was equal to 3,9 per cent (3,3 per cent in February). Bond funding, including bonds held by the banking system, decreased by 15,2 per cent on an annual basis (-15,3 per cent in the previous month).
I interest rates on loans disbursed in the month to households for the purchase of homes, including ancillary costs, amounted to 2,68 per cent (2,76 in the previous month); those on new consumer credit disbursements to 8,37 per cent (8,52 in the previous month). The interest rates on new loans to non-financial companies of up to 1 million euro were 2,57 per cent (2,73 per cent in the previous month); those on new loans exceeding this threshold to 1,39 percent (1,34 percent in February). The borrowing rates on all outstanding deposits amounted to 0,49 per cent.
