Worse the trend of bank loans. According to the Bank of Italy, loans to the private sector fell by 1,6% in January compared to the same month last year, after -0,9% in December. In particular, loans to households fell by 0,6% over twelve months (-0,5% in December), while those to businesses by 2,8% on an annual basis (-2,2% in December).
The dynamics of the bank bad debts, with the annual growth rate rising to 17,5%, from 16,6% the previous month.
On the other hand, it is better on the front of the collection. The annual growth rate of private sector deposits increased to 7,7% in January, from 7% in December. However, the bond funding rate, including bonds held by the banking system, fell to 2,2%, from 4,8% in December.
In January, underlines Bankitalia, interest rates on new business loans of less than one million euros they fell to 4,39%, from 4,43% the previous month, while on those of amounts exceeding this threshold they decreased to 3,09%, from 3,15 ,XNUMX% in December.
The rates on mortgages to households disbursed in January for house purchases remained unchanged at 3,92%, while those on new consumer credit disbursements increased to 9,59%, from 9,08% in December. Deposit rates on all outstanding deposits decreased to 1,17%, from 1,25% in December.
