STEP 1-Banks, suffering April + 14.8% on year, new fall … – Reuters Italy

       

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MILAN, June 9 (Reuters) – New fractional slowdown in April for the growth rate of bad loans in Italy, which remains below 15% as the previous month, while continues the decline in the flow of credit to the economy, especially to businesses.

       

According to the monthly edited by Via Nazionale in the press on the ‘main items of bank balance sheets’, the rate of growth of bad debts in the twelve months totaled 14.8%, compared with 14.9% in March (the data is not correct for securitisations but takes into account the discontinuities statistics, specific Bank of Italy).

       

In absolute terms, the loans ‘non-performing’ were at the end of April 191 577 000 000 euro from 189.519 the previous month, with a value estimated by the Bank of Italy to 82.283 billion (43.0%), from the previous 80.910000000000 (42.7%).

       

Again in contraction, a similar pace to the previous month, the lending activity to the private sector: in April the overall decline on an annual basis remains firm at the rate of 1.4%. In detail, loans to companies confirm a decline of 2.2%, while loans to households declined at a rate of 0.2% after -0.3% in March.

       

In terms of bank deposits growth of private sector deposits amounted to 3.6% on an annual basis after + 3.3% in March; bond funding, including loans held by the banking system, marks a decrease of 18.2% yoy after -17.5% in the previous month.

       

As for the rates finally, in April those on loans to households for house purchases amounted on average to 2.86% from 2.95% the previous month, while those on new loans consumer credit go to 8.49% from 8.46%.

       

Interest rates on new loans to companies for an amount up to one million euro amount to 3.13% from 3.09%, those on new loans amounting to more than a million passes to 1.78% from 1 , 77%. The interest payable on the total deposits placed amounted to 0.62% from 0.65%, concludes the statement of the Bank of Italy.

       

Returning to the theme of suffering, on Monday last week the festival dell’ecomonia of Trento Calo Pier Padoan stressed that it should be “ready in a very short subjects” the extent of the Government to shorten the time of the bankruptcy proceedings, allowing banks to retrieve a guarantee on loans in default. Between the ministry of Economy and the Justice, according to Padoan, there would be “full agreement”.

        
       

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