How consumer credit and business loans proceed
The credit situation in Italy follows alternate phases and the conclusions that can be drawn depend in part on the type of financing examined. As we approach the end of 2018 we see a tendency for household loans to grow and an easing on the requirements for loans to businesses. Let us take stock of the data collected by the end-to-end knowledge company on consumer credit and the latest TallyBank report on companies.
At the beginning of the autumn the requests for private and personalized loans have seen a net increase, marking a + 9.5% in September, compared to September 2017, and a + 4.6% on the January period – September, again comparing the results of this year to those of last year. With regard to targeted loans, it is impossible not to indicate among the leading sectors that of motor vehicles, with an increase of + 8.4% on an annual basis for September, + 3.3% on the first nine months of the year. On the other hand, by examining the data relating to real estate credit, the requests for new mortgages and subrogations, according to end-to-end knowledge company data, saw an increase in October 2018 (+ 5.7%), but considering the first 10 months of the year as a whole we note a negative sign (-0.9%).
Loans for business
And we come to the data provided by the TallyBank with the press release of October 23rd. In the third quarter of 2018, the criteria for offering loans to businesses were relaxed, while there were no changes for families. There is a growth in the demand for loans from companies, stimulated and sustained demand, the note reads, from still low and advantageous interest rates, from spending for fixed investments and from refinancing, restructuring and renegotiation of debt. As regards the demand for loans from households, the TallyBank also reported a slight increase in the last quarter. In the intermediaries’ opinion, the demand for loans should continue in a positive sign also in this quarter.