A clear withdrawal from credit and an objective aimed at financial products: the gap between the two main areas of activity of the Italian banking sector is visibly widening, with agencies now increasingly similar to financial shops. This is what emerges from an analysis by Fabi, the Italian banking union. Moreover, the topic will be at the center of the 127 / o National Council of Fabi, scheduled in Milan from 13 to 15 June.
Last year, the research highlights, out of the total of 82 billion euros in revenues, those related to commissions reached 53.6% (equal to 44 billion) of the total, compared to 46.4% (equal to 38 billion ) income attributable to loans granted to businesses and households. In 2020, the gap was less than one percentage point (50.4% versus 49.6%): 39.5 billion versus 38.7 billion. The gap between commissions and loans went from 688 million to 5.8 billion in just 12 months. In percentage terms, the gap went from less than one point to over 8 percentage points.
In the last 11 years, the entire Italian banking circuit has burned more than 15 billion of that part of the “turnover” linked to loans (interest margin) for the benefit of “other revenues”.
Banks, by now, are “giving up on lending and this mainly depends on the fact that loans represent an unprofitable and increasingly complex activity. In short, many costs and many risks, but little profitability”, says the secretary general of Fabi , Lando Maria Sileoni.
Source: Ansa
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