Le sufferings of Italian banks are increasing, but at an increasingly slow pace. According to data released today by the Bank of Italy, in April the twelve-month growth rate of non-performing loans (calculated without adjustment for securitisations, but taking into account statistical discontinuities) was 22,3%, down on 23% of the previous month.
On the front of the collection, in the same month the year-on-year growth rate of private sector deposits stood at 1,4%, down from 1,6% in March. Bond funding, including bonds held by the banking system, decreased by 9,6% over twelve months (-10,6% in March).
As for the Loans, those to households fell by 1% over twelve months (-1,1% the previous month), while those to non-financial companies decreased by 4,4% (-4,3% in March). In general, loans to the private sector, adjusted to take account of securitizations and other loans sold and derecognised from bank balance sheets, recorded an annual contraction of 3,1% (-3,3% in March).
Finally, always in April interest rates including ancillary costs on loans disbursed to households during the month for the purchase of homes, they amounted to 3,63% (3,70% in the previous month) and those on new consumer credit disbursements amounted to 9,37% (9,53 .XNUMX% in March).
The interest rates on new loans to non-financial companies of up to one million euro amounted to 4,28% (4,20% in March), while those beyond this threshold stopped at 2,66 per cent ( 2,89% in March). Deposit rates on all outstanding deposits were equal to 0,89% (0,94% the previous month).
