ROME (ITALPRESS) – In October, loans to the private sector, adjusted on the basis of the harmonized methodology agreed within the European System of Central Banks (ESCB), fell 1.1 percent over the 12 months (-0.9 in the previous month). This was announced by the Bank of Italy. Loans to households decreased by 0.2 percent over the twelve months (-0.4 in the previous month) while loans to non-financial corporations decreased by 3.1 percent (-2.4 in the previous month). Private sector deposits increased 2.5 percent (0.5 percent in September); bond deposits increased 9.5 percent (10.6 in September).In October, interest rates on loans disbursed in the month to households for the purchase of homes including incidental expenses (Annual Percentage Rate of Charge, APR) stood at 3.74 percent (3.82 in September); the share of these loans with initial rate determination period up to 1 year was 6 percent (7 percent in the previous month). The APR on new consumer credit disbursements stood at 10.42 percent (10.47 in the previous month).Interest rates on new loans to nonfinancial corporations were 4.73 percent (4.90 in the previous month), those for amounts up to 1 million euros were 5.21 percent, while rates on new loans above this threshold stood at 4.42 percent. Deposit rates on total outstanding deposits were 0.96 percent (0.99 in the previous month).
– Photo Agency Photogram –
(ITALPRESS).
