It's still the credit crunch. In February bank loans to the private sector recorded a new contraction on an annual basis of 1,3%, albeit a slight improvement from -1,6% in January. Loans to households fell by 0,7% over 12 months (-0,6% in January), while those to non-financial companies fell by 2,6% (-2,8% in January). The monthly report of the Bank of Italy on the main banking indicators.
On the front of the collection, the annual growth rate of private sector deposits increased further in February, settling at 7,8% (7,7% in January), while that of bond funding fell to 0,8% (2,2. XNUMX% in the previous month).
As for the growth rate of gross bank bad debts, increased to 18,6% year over year, up from 17,5% the previous month.
I interest rates on new loans to non-financial companies for amounts exceeding one million euros decreased to 2,9% (3,1% in January), while those on loans for smaller amounts amounted to 4,38% (4,39. XNUMX% in the previous month).
The rates on loans to households for the purchase of homes were 3,94% (3,92% in January). Those on new consumer credit disbursements increased to 9,78% (9,59 in January).
