Rome, January 3, 2014 – The fall in bank lending to businesses is slowing down. In the last year (from October 2014, the latest figure available, and the same month of 2013) companies Impaired loans amounted to 6 billion euro (-0.7 percent). Compared to the end of October of 2011, the stage where begins the so-called credit crunch, the contraction of nearly 95 billion euro (-9.4 percent). At the same time, the suffering they have experienced a real boom: the last year increased by 29 billion euro (+25.5 percent), while from 2011 to October of 2014, the increase amounted to around 66 billion euro (+85.6 percent). And ‘what emerges from a study of Cgia .
With the growth of the risks linked to increased suffering – explains Cgia – Italian banks have decided to reduce inputs to economic activities, focusing on investments in Bot, BTP, CCT and CTZ. Between October 2011 and the same month last year, in fact, the amount of Italian government bonds held by banks resident in Italy almost doubled. If three years ago in the safe our lenders government assets amounted to 208.6 billion euro, the last survey have touched 414.3 billion euro. In the last year, however, the stock has increased by EUR 14.7 billion (+ 3.7 percent).
‘AGREEMENTS RESPECTED’ – ” This operation – says the secretary of the CGIA, Giuseppe Bortolussi – should not be demonized. Following these copious investments in government bonds we reappropriated of our public debt that was four years ago to 40.4 per cent in the hands of foreign investors ; today, however, this share fell to 34 percent. Of course, following the contraction in loans were not a few activities that have closed down. It is therefore need to change course. However, if on the one hand we have become a country less at risk, on the other hand, the purchase of Bot, CCT and BTP has allowed our banks to increase their capital levels, as imposed by the agreements Basel “.
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