The rush to leave money on current accounts seems to be slowing down. The April Abi monthly bulletin reveals that in March the consistency of Italian deposits (households and businesses) stopped at 1,748 billion against the peak of 1,752 billion in February. The trend is still growing compared to the end of March 2020, with a variation of +9.2 per cent, but it is still a lower year-on-year increase than in February, when the increase was 10.6 percent.
Investments in the industrial sector are revived
Deposit levels are still very high, with an increase in stocks of over 100 billion compared to 2020, but perhaps some signs that the race to put money by is stopping is in sight. Hand in hand with investment spending that is coming back to life in the industrial sector.
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Slight increase in interest rates for business loans
The bulletin shows how loans to businesses and households are still growing, with an increase of 4.5 per cent. The public guarantees on loans contributed to boosting loans: loans to businesses increased by 7.6 per cent on an annual basis in March. Those to families of 2.4 percent. Interest rates remain low, even if a slight increase was recorded for loans to businesses: 1.2% against 1.15% in the previous month.
Net bad loans at historic lows
Net bad loans continue to remain at historic lows: in February 2021 they amounted to € 20.1 billion, down from the 26.4 billion in February 2020 (-6.3 billion equal to -23.8%) and 33.6 billion in February 2019 (-13.5 billion equal to -40.2%),