Banks, suffering does not stop growth, good new impieghi- Abi – Reuters Italy

       

ROME, July 14 (Reuters) – It does not stop the growth of the sufferings of Italian banks according to the latest report Abi, with a gross amount which in May exceeded 193.7 billion or 10.1% of loans.

       

Compared to the beginning of the crisis, since 2008 has doubled the total number of customers (businesses and households) struggling to honor its bank debt: last March, the latest figure available, the total was just under 1.2 million.

       

They climb even performing loans to 83.4 billion from 82.3 billion in April, to 4.62% of loans.

       

The government launched in late June, by decree, measures to accelerate the recovery of collateral on these impaired loans and to allow for the tax amortization of write-downs in the year in which the credit is adjusted.

       

The more certainty on guarantees and the bankruptcy proceedings “create an incentive to bring the feedback and encourage sales of suffering,” said the deputy director general of ABI Gianfranco Torriero during a conference call.

       

The intervention tax on adjustments can promote new credit, explained Torriero, in a time when the trend of lending is improving.

        
       

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The stock of loans to households and companies presented in June a change of -0.1% on an annual basis, eliminating almost all of the decline. More …