Bankitalia still records a drop in loans to households and individuals in August on an annual basis, however reporting a slight improvement compared to July. Taking into account securitizations and other loans sold and canceled from bank balance sheets, loans to the private sector contracted by 2,5% on an annual basis, while they fell by 2,6% in July. As regards support to families, loans fell by 0,8% in August compared to the previous year (in July the figure was -0,7%). Also decrease i loans to non-financial companies, which mark a -3,8%, a slight improvement compared to the result of July, -3,9%.
Bankitalia also communicates that the growth rate of private sector deposits it was 3,1% year-on-year, up from 2,9% in July. Declining the bond collection, down by 14,1% on the previous year (-13,4% in July), again taking into account the bonds held by the banking system. Without correction for securitizations but taking into account statistical discontinuities, Bank of Italy underlines that the growth rate on bank bad debts it dropped by 0,5%, going from 20,5% in July to 20% in August.
It flies, i interest rates on loans granted to households for the purchase of homes they were slightly down in August compared to the previous month (to 3,37% against 3,49% in July). The rates on consumer credit disbursements, on the other hand, increased slightly, from 9,29% in July to 9,34% in August. The interest rates on loans to non-financial companies recorded a substantial parity between July and August (from 3,96 to 3,97%) for loans up to one million euro. Once this threshold is exceeded, interest rates drop slightly, from 2,47% to 2,20%. Finally, the borrowing rates on all outstanding deposits showed substantial parity between 0,83% in July and 0,81% in August.
