The decline in bank loans to the private sector continues, but slows down. This is certified by the monthly report of the Bank of Italy in November, according to which loans to the private sector, "adjusted to take into account securitizations and other loans sold and canceled from bank balance sheets", recorded a decrease of 1,6. 2,1% year-on-year, following October's XNUMX%.
Specifically, i household loans they underwent a contraction of 0,5% in November (-0,6% in October), while those to companies suffered a decrease of 2,6% (-3,1% in October).
With regard to the collectionaccelerated the year-on-year growth rate of private sector deposits to 3,5% year-on-year from 2,3% in October. Bond funding, "including bonds held by the banking system, decreased by 17,4% on an annual basis (-17,5% in October)".
It also slows down the increase sufferings, whose 12-month growth rate, "without correction for securitisations but taking into account statistical discontinuities", was equal to 18,4%, according to the Palazzo Koch report, slower than the 19,1% of October.
Stable i interest rates on home loans, at 3,19% against 3,18% in the previous month, while those on new consumer credit loans fell to 8,83% (from 8,97% in October). Rates on new loans to businesses are falling: those of amounts up to one million euro fell to 3,38% (3,54% in October), while those on loans above this threshold fell to 1,98% (in October 2,05%).
