After more than three years, business loans are starting up again, but bank bad debts are also rising again. This is what emerges from the Bank of Italy's supplement to the “Money and Banks” statistical bulletin.
According to the survey, in November financing for companies increased by 0,2%, returning to a positive sign for the first time since April 2012. In general, loans to the private sector, corrected to take into account securitizations and other loans sold and derecognised from bank balance sheets, recorded an increase on an annual basis of 0,6% (against the -0,5% recorded in October).
I household loans they grew by 0,8% over the year (+0,5% the previous month), while those to non-financial companies increased, again on an annual basis, by 0,2% (-1,2 per cent in October).
The twelve-month changes in loans and deposits "could reflect the effects of the different tax deadlines for self-taxed payments, set at 2015 November in 30 and 2014 December in XNUMX", reads the document.
As for sufferings, in November they broke through the wall of 200 billion gross, arriving at 201,02, against 198,9 billion in October. Net of the write-downs made by the institutions, bad debts rose to 88,83 billion from 87,2 billion in October.
Finally, bank rates they went down in November for households and businesses. For loans over one million euro, intended for larger companies, the average rate is at record lows: 1,28% from 1,35% recorded in October.
The lending rates applied to loans of up to one million, on the other hand, fell to an average of 2,76% compared to 2,86% in the previous month. Loans on home loans to households (APR rate) dropped to 2,85% from the average 2,87% reported for October.
The rates applied to consumer credit are also down slightly: to 8,29% from 8,37% in October.
