ROME (ITALPRESS) – In November, loans to the private sector fell 1.1 percent over the twelve months (-1 percent in the previous month), according to Bank of Italy data. Loans to households registered a zero rate of change over the twelve months (-0.2% in the previous month) while loans to nonfinancial corporations fell 3.6% (-3.1% in the previous month). Private sector deposits increased 4.4 percent (2.5 percent in October); bond deposits increased 7.2 percent (9.6 percent in October). In November, interest rates on loans disbursed in the month to households for home purchases including incidental expenses (Taeg) stood at 3.71% (3.74% in October); the share of these loans with initial rate determination period up to 1 year was 7% (same as in the previous month). The Taeg on new consumer credit disbursements stood at 10.24 percent (10.42 percent in the previous month). Interest rates on new loans to non-financial companies were 4.53% (4.70% in the previous month), those for amounts up to 1 million were 5.07%, while rates on new loans above this threshold stood at 4.15%. Deposit rates on total outstanding deposits were 0.93 percent (0.96 percent in the previous month).
(ITALPRESS).
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Loans to individuals down, mortgage rate drops
