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Bank loans on the rise in February

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ROME (ITALPRESS) – In February, loans to the private sector, adjusted to take into account securitisations and other loans sold and canceled from bank balance sheets, grew by 4.5 per cent over twelve months (it was +4.3 per cent in previous month). This was announced by the Bank of Italy. Loans to households increased by 2.4 per cent over twelve months (2.2 in January), while loans to non-financial companies increased by 7.6 per cent (7.3 in the previous month). Private sector deposits grew by 11.3 per cent over twelve months (compared to 12.3 in January); bond funding decreased by 6 per cent on the same period of the previous year (-6.4 in January). Bad loans decreased by 19.0 per cent over twelve months (in January the reduction was 19.3 per cent); the change may be affected by the effect of securitization transactions. In February, interest rates on loans disbursed to households during the month, including ancillary costs, stood at 1.65 per cent (1.61 in January), while those on new loans to consumption at 8.11 per cent (8.03 in the previous month). The interest rates on new loans to non-financial companies were equal to 1.15 per cent (1.17 in January), those for amounts up to 1 million euro were equal to 1.83 per cent, while the rates on new loans exceeding this threshold stood at 0.69 per cent. The interest rates on all outstanding deposits were 0.33 per cent (0.32 in the previous month). (ITALPRESS). sat / com 12-Apr-21 10:50

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