In June, interest rates on loans disbursed to households for house purchase including ancillary costs (Annual Effective Global Rate, APR) stood at 2.37% (2.27 in May), while those on new disbursements consumer credit at 8.34% (8.25 in the previous month). The Bank of Italy notes this in the publication ‘Banks and money’. The rates on new loans to non-financial companies were equal to 1.44% (1.19 in the previous month), those for amounts up to 1 million are 1.97%, while the rates on new loans of higher, they stood at 1.15%.
Also in June, loans to the private sector, corrected on the basis of the harmonized methodology agreed within the European System of Central Banks, grew by 3.2% over twelve months (3.1 in the previous month). In particular, loans to households increased by 4.1% over twelve months (4.0% in the previous month) and those to non-financial companies by 2.6 (against 2.3% in the previous month). Private sector deposits grew by 3.0% over twelve months (compared to 4.6 in May); bond funding decreased by 7.1% on the same period of the previous year (-8.0 in May).
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.