Record bad debts in December 2013. According to Bank of Italy data, the annual growth rate of bad debts was 24,6 per cent (22,7% in November).
Also in December, the annual growth rate of private sector deposits was 2,3 per cent (6,1% in November). Loans to the private sector recorded a year-on-year contraction of 3,8 percent (-4,3% in November).
Loans to households fell by 1,2% over twelve months (-1,5% in the previous month); those to non-financial companies decreased, again on an annual basis, by 5,3 per cent (-6% in November).
Bond funding decreased by 8,3 per cent over twelve months (-7,3% in November).
