In August, the growth rate on twelve-month deposits of the private sector amounted to 4.1 per cent (4.9 per cent in July). He informs the Bank of Italy in its note on the "Main items of banks ‘ balance sheets," adding that the collection of bonds, including bonds held by the banking system, declined by 10.5 percent on an annual basis (-10,6% in the previous month).
% Change over the 12 months. The growth rates are calculated including loans not stated in banks ‘ balance sheets because securitized, and net of changes in stocks not related to transactions. The data for the latest month are provisional (Source: Bank of Italy)
as regards loans, those in the private sector, adjusted to take account of securitisations and other loans transferred and derecognised from the financial statements of banks, have registered an annual growth rate of 0.7 percent (0.4 percent in July). Loans to households rose in August by 1.5 percent on the twelve months by 1.4 percent in the previous month); those to non-financial corporations declined on an annual basis of 0.2 percent (or 0.6 percent in July).
% Change over the 12 months. The growth rates are calculated including loans not stated in banks ‘ balance sheets because securitized, and net of changes in stocks not related to transactions. The data for the latest month are provisional (Source: Bank of Italy)
Visco: monetary policy alone is not enough, go ahead with reforms
Growth of 0.1% suffering in August
The rate of growth over twelve months of suffering, in August – taking into account the discontinuities but without correcting for securitisations and other supplies – was equal to 0.1 percent (0.3 percent in July). When correcting this growth rate to take account of securitisations and other loans transferred and derecognised from the financial statements of banks, in the same way as for the loans, the rate of growth over twelve months of suffering it was in August and by 12.1 percent to 12.4 percent in the previous month).
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