Banks: In October loans to households and businesses are still rising



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The Association of Italian Banks ABI has published its monthly report on the world of loans.

The Association of Italian Banks ABI has published its monthly report on the world of loans.

The main evidence is as follows:

LOANS AND COLLECTIONS
* 1. In October 2018
the amount of loans provided by banks * provided by banks operating in Italy, EUR 1 732 billion, is higher by more than EUR 13 billion than the total amount collected from customers, ie EUR 1 719 billion.

DYNAMICS OF BANK LOANS
* 2. From October 31st, 2018, this shows
loans to households and businesses grow by + 1.9% annually * and continue to see the positive overall trend of total non-performing loans (the annual rate of change has been positive for more than 2 years). This is based on estimates based on data published by the Bank on households and businesses (calculated excluding loans not recorded in the balance sheet as securitized and net of changes in amounts unrelated to transactions, changes due to exchange rate fluctuations, value adjustments or reclassifications).

  1. Based on the latest data for September 2018, mortgage market growth is confirmed. The total amount of outstanding loans to households shows a year-on-year positive change of + 2.3%.

INTEREST RATE PRICES
* 4. In October 2018, interest rates on new financial transactions increased
, influenced by the increase in the yield on government bond yields:
– The average rate for new home purchase transactions was 1.87% (1.80% in September 2018, 5.72% at the end of 2007).
– The average rate on new business loans transactions was 1.60% (1.45% in the previous month, 5.48% at the end of 2007).


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