Italian companies are reckoning with a still falling loan disbursement.
The latest financial statements released yesterday by the Bank of Italy indicate that, in July 2013, loans to SMEs show a tendential contraction similar to that recorded in June. In essence, the difficulties for the ‘access to loan by companies do not increase, but continue to persist. And it is a natural factor, which depends on the price in terms of suffering and substandard loans that banks are still paying for the most acute phase of the economic crisis, the one we are leaving behind.
while the bankleading superindex signals for the fourth consecutive month that a positive change is coming for the Italian economy, loan data still shows a decline in disbursements, even if, for company loans alone, the fall seems stop. It is also known that loan data always show the trend of the real economy with a lag: on the balance sheets of banks, the effects of the past economic situation continue to weigh, in the form of non-performing loans: their growth rate, without the correction for the securitization, but taking into account the statistical discontinuity, explains Bankitalia, it was equal to 22.9% in July, while in June it was 21.9%.