The bank of italy, in August suffering in the braking – Milano Finanza

Continue to climb the sufferings of the banking system, although the growth rate has slowed. In August, in fact, the sufferings have increased on a monthly basis by 198,252 billion to € 200,106 billion, according to data from the supplement to the statistical bulletin “Money and banking” of bank of Italy. At the same time, the growth rate over twelve months is slowed down from 0.3% in July to 0.1%. Taking also into account the securitization and other loans transferred and derecognised from the financial statements of banks, in the same way as for the loans, the rate of growth fell in August from 12.4% to 12.1%.

In the meantime, the growth of deposits of the private sector dropped from 4.9% in July to 4.1% in August, while the collection of bonds, including bonds held by the banking system, declined 10.5% on an annual basis (-10,6% the data in the previous month).

Also in the same month fell by 413,686 billion to 401,108 billion, the total value of Italian government securities held by banks operating in the Country. In detail, the decline was primarily interested in the positions on the Btp, the past from 292,793 of July to 288,325 billion, and those on the Ctz from 21,341 billion to 15,343 billion. A slight decrease in the portfolio of Bot 27,875 billion in July to 25,818 billion, while it remained unchanged to the Cct (from 57,178 to 57,112 billion). In August you are not taking the placement of Ctz while the Treasury has cancelled the auctions Btps at mid-month.

also in August increased lending to households dropped those businesses. In particular, the first rose in August from 1.4% to 1.5%, while those for the non-financial corporations declined on an annual basis of 0.2% (-0,6% in July).

While the interest rates on loans granted in the month to households for house purchase, inclusive of ancillary costs, rose slightly from 2,44% to 2.52% and those on new loans for consumer credit from 8,03% to 8,27% on a monthly basis. The interest rates on new loans to non-financial corporations up to eur 1 million also increased by 2,41% to 2,45% whereas on new loans above that threshold are dropped from the 1.31% 1.12%. The borrowing rates on the total deposits amounted to 0.43 per cent, unchanged from the previous month.