Non-performing loans are growing, loans are falling. Another disheartening picture emerges from Bank of Italy's monthly update to the statistical bulletin on the main items of bank balance sheets. According to data from Palazzo Koch, in July the annual growth rate of sufferings it was equal to 22,2%, against 21,9% in the previous month. This is the new high since the series began in 1998.
In the same period i interest rates on loans disbursed to households for the purchase of homes amounted to 3,96%, up from 3,90% in June, while those on new consumer credit disbursements amounted to 9,52% (9,55, XNUMX% in June).
In general, always in July, bank loans to the private sector recorded a year-on-year contraction of 3,3%, after -3% in June. The contraction is the worst in the last 12 months.
In detail, the loans to families fell by 1,1% on year (-1% in June), while those to non-financial companies they decreased by 4,1% (same decrease as the previous month).
On the front of the collection, in July the growth rate of private sector deposits was 5,9% (6% in June) while bond funding decreased by 6,3% over twelve months (-4,2% in the previous month) .
