Q & A between Abi and CGIA Mestre
On the one hand Office of the studies that CGIA, processing the data of the Bank of Italy, reported that is braking the contraction in bank lend to businesses.
Indeed the report says that "Last year performing loans [1] (Loans net of doubtful loans) I have fallen by 4,9 billion € (-0,7 percent). Nothing to do, anyway, with what happened in the past 7 years. From November 2011 (Maximum peak year of bank disbursements to businesses) the same month 2018, the decrease was of the 27 percent: in absolute terms it counts a reduction of live uses for 252,8 billion €. In the last year, tuttavia, in some regions, such as Lombardy and Piedmont, loans are back with a positive sign. This would indicate that the worst, probably, It is behind us. "
"It 's true - continues the research office coordinator Paul Zabeo - that the demand for credit by businesses has declined in terms of both quality and quantity. In addition, It should not forget that the bank loans have assumed alarming proportions, causing many banks to close their credit taps or to grant loans to stricter conditions. However, the contraction in recent years was excessive, particularly against small production companies that, traditionally the most creditworthy of other companies, They have been, instead, the most disadvantaged”.
On the other side, Abi through the Assistant Director-General, Gianfranco Torriero declares that "The figures released today by the CGIA Mestre trend in lending to businesses do not properly account for the phenomenon of the support given by banks to businesses. This was declared, stressing that, in particular, the CGIA Mestre considers only the so-called cash loans, that is It takes no account of the loans received by companies and not subsequently refunded, ie does not take account of the sufferings, that are still lending to businesses.
This observation - continues Torriero - becomes even more important if the comparisons are made, as does the CGIA Mestre, taking as a reference not only the trend of the last year but also the comparison with respect to 2011, the very year in which the loans have started to become significant in suffering. Therefore do not take into account the pain and suffering sold or securitized invalidate any comparison intertemporal.
According to official data of the Bank of Italy - he concludes - in November 2018, business loans increased by 1.1% on an annual basis and not reduced as is indicated by the CGIA Mestre.
Alex Gaetani
[1] Since performing loans, at present these jobs do not produce securitization, disposals and cancellations resulting from bank balance sheets.