In March, bank loans to the private sector registered a contraction of 1.5% with a slowdown of 0.5 percent compared to February, when the drop was registerd at 2%. This was stated by Bankitalia whereby those with families, it had decreased by 0.3% over the twelve months (-0.4% in the previous month); those non-financial companies it had fallen always on an annual basis of 2.2% ( -3% in February).
In March too, the growth rate in 12 month deposits to the private sector amounted to 3.3% (4.3% in February), adds Bankitalia. Bond collection, including the bonds held by the banking system decreased by 17.5% year-on-year ( -19.2% in the previous month). Interest rates, including costs on loans granted in the month to families for the purchasing of homes were equal to 2.95% (3.01 the previous month); those new consumer credit disbursements to 8.48% (8.64 percent in February).
The interest rates on new loans to non-financial corporations up to EUR 1 million were equal to 3.09% (3.26% in the previous month); those on new loans for an amount exceeding the threshold to 1.77% (1.83% in February). The deposit rates on all outstanding deposits were equal to 0.65% (0.66% in the previous month).