ROME (ITALPRESS) – In August, loans to the private sector, adjusted on the basis of the harmonized methodology agreed within the European System of Central Banks (ESCB), fell 1.5 percent over the twelve months (-1.6 percent in the previous month). Loans to households decreased by 0.6 percent over the twelve months (same as in the previous month) while loans to non-financial corporations decreased by 3.5 percent (-3.9 percent in the previous month). This is according to data from the Bank of Italy.
Private sector deposits rose 2.0 percent (1.1 percent in July); bond deposits increased 12.5 percent (13.3 percent in July). In August, interest rates on loans disbursed in the month to households for home purchases including incidental expenses (Taeg) stood at 4.10% (3.94% in July); the share of these loans with initial rate determination period up to 1 year was 15% (9% in the previous month). The Taeg on new consumer credit disbursements stood at 10.50% (10.51% in the previous month). Interest rates on new loans to non-financial companies were 5.13% (5.28% in the previous month), those for amounts up to 1 million were 5.49%, while rates on new loans above this threshold stood at 4.91%. Deposit rates on total outstanding deposits were 1 percent (1.01 percent in the previous month).
(ITALPRESS).
-Photo: Photogram Agency-
August loans down, mortgage rates at 4.1 percent
