Loans continue to decline, but this time bad debts are also down slightly. On the day when the ECB starts the exam on the financial statements of the 15 main Italian banks, from Bankitalia data arrive in chiaroscuro on the credit institutions of our country.
According to Via Nazionale, in January loans to the private sector, corrected to take into account securitizations and other loans sold and canceled from bank balance sheets, recorded an annual contraction of 3,5%, after -3,7% in December. In particular, loans to families fell by 1,3% over twelve months, while those to non-financial companies they decreased by 5% (-5,2% in December).
I interest rates (including ancillary expenses) on loans to households for the purchase of homes amounted to 3,8%. Those on new consumer credit disbursements instead reached 9,46% (8,69% in December), while the rates on new loans to non-financial companies of up to one million euro amounted to 4,4 % (4,36% in the previous month) and those higher stood at 2,8% (2,82% in December). The borrowing rates on all outstanding deposits were 0,95%.
Also in January, the annual growth rate of private sector deposits it was equal to 2,7% (2,3% in the last month of 2013). As for the bond collection, including bonds held by the banking system, decreased by 9,3% over twelve months (-8,3% the previous month).
On the side of sufferings, without correction for securitizations but taking into account statistical discontinuities, Bankitalia recorded a rate of 24,5%, a slight decrease compared to 24,7% in December.
