(Il Sole 24 Ore Thomson Financial) – Rome, April 29 – The program to purchase securities by the ECB, the so-called Qe, bring ‘a gross profit additional to Italian banks, estimates the Bank of Italy, 1 , 7 billion in the years 2015-2016. In particular, it said in a study published in the series ‘Issues in Economics and Finance’, the increase in profits before tax would be 300 million this year and to 1.4 billion in 2016. “The net interest reduce in 2015 due to the decrease in long-term rates which would result in a decline in lending rates was not offset by a reduction of the remuneration of deposits, already ‘close to zero’ says the study that examines the effects of Q and on government bonds but also the other two programs of purchasing activities’ private finances. “Since 2016, however, the increase in the volume of credit-induced economic growth would contribute to the increase in net interest income”.
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(RADIOCOR) 15/04/29 11:00:00 (0242) NEWS 3 NNNN
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