The relationship between Italian banks and companies is only getting worse: in June loans fell for the second consecutive month. This was revealed by the data on bank balance sheets released today by Bankitalia. According to Via Nazionale, in the sixth month of 2012 “Loans to non-financial corporations” decreased by 1,5% year-on-year. A percentage in free fall compared to the -0,4% recorded in May.
They also slow down household loans, up in June by only 0,8%, after the +1,3% recorded in the previous month. But all loans to the private sector are slowing down, with a +0,2% trend, after +0,7% in May.
Get better instead the dynamics of the collection. In June i private sector deposits they increased by 2,9% year-on-year, up from +1,9% in May. Bond funding grew by 12,5%, accelerating from +11,4% the previous month. But they also increase sufferings, up 15,8%, after +15,3% in May.
In June i interest rates on new business loans amounts exceeding one million euro fell to 2,97%, from 3,13% in May. Interest rates on loans below this threshold decreased from 4,68% to 4,61%.
As for the household loan rates, in June, those on new mortgages for buying homes fell from 4,33% to 4,18% and those on new consumer credit disbursements from 9,98% to 9,81%. Deposit rates "on all outstanding deposits remained stable at 1,23% in June".
