Cgia, lending to businesses falls, in the last year -9 billion in loans

Although in 2021 the main Italian credit institutions recorded important profits and in some cases even billionaires, starting from November 2020 bank loans to businesses started to decline again. This is what the CGIA Studies Office indicates. In the darkest period of the pandemic, gross bank loans granted to businesses increased by over 40 billion. Subsequently, the flow of loans to businesses began to decline: between November last year and August 2021 (latest updated data), the flow contracted by 22 billion, bringing the total stock of loans to 732. , 2 billion. In the last year alone (August 2020 to August 2021) the reduction was € 8.9 billion. If the period of observation of this phenomenon is extended to the last 10 years, the collapse was very heavy: -267.6 billion euros. At least in the last year, underlines the CGIA, it is difficult to understand the reasons for this trend: despite the public guarantees put in place and refinanced also for 2022, it seems to understand that following the restrictive measures on credit assessment introduced at a European level after the 2008-2009 and 2012-2013 crises, for credit institutions providing liquidity to businesses is no longer a big deal. In the credit market of our country, the role of the big banks, the CGIA Research Office says, is crucial. According to the Bank of Italy, in 2020 there were 11 credit institutions classified as significant: these accounted for approximately 80 per cent of the system’s overall activities. Among the most important regions of the country, Lazio is the reality that recorded the most significant contraction in percentage terms both in the last year (August 2020 to August 2021) and in the last decade (August 2011 to August 2021). In the first case, the reduction in gross bank loans to businesses fell by 6.2 billion (-7.8 percent), in the second case by 42.2 billion (-36.5 percent).