Cgia: loans to businesses fell, in the last year -9 billion

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• Branches PA, the CGIA: Covid has cut the queues but lengthened the delivery times of the services

• Covid measures, CGIA: the support action for businesses in the field of credit has been exhausted

• Cgia: 8 out of 10 jobs lost are self-employed

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06 November 2021 A heated discussion between the Cgia of Mestre and the ABI, the Italian Banking Association, was born after the publication of data on credit to businesses prepared by the Research Office of the Association of artisans and small Veneto businesses.

The CGIA of Mestre reports that the taps of credit to businesses have returned to close. In fact, "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 have returned to decline", affirms the CGIA. For the Association of artisans and small businesses,

and in the last year there have been -9 billion in loans. "Thanks to the 'Cura Italia', the 'Liquidity Decree' and the 'Guarantee Italy', between the end of February, the month preceding the advent of the pandemic, and November 2020 - the month in which the highest recorded peak is reached in this last year and a half, or 741 billion -, bank lending, gross of insolvencies, had undergone a significant surge that allowed to reverse a negative trend that had lasted continuously since August 2011. In the darkest period of the pandemic gross bank loans disbursed to businesses increased by over 40 billion, explains the CGIA. Subsequently, the flow of loans to businesses began to decline again: between Novemberlast year and in 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 we extend the period of observation of this phenomenon to the last 10 years, the collapse was very heavy: -267.6 billion euros ". 

"At least in the last year, the CGIA asserts, 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 European level after the 2008-2009 and 2012-2013 crises, for credit institutions providing liquidity to businesses is no longer a big "deal." at zero and the investigation costs are increasingly high, lending money especially to micro and small businesses is no longer convenient for many banks. Well, how do the big banks manage to obtain profits that are sometimes billionaires?in recent years there has been a decisive use of the spending review, an operation which, in particular, has taken place by compressing the cost of labor which has also resulted in the closure of many offices located above all in small municipalities, while an important part of the revenues is was obtained thanks to the sale of new insurance products and the application of commissions on deposits, debit / credit cards and investments by account holders. 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.took place by compressing the cost of labor which also led to the closure of many offices located above all in small municipalities, while an important part of the revenues was obtained thanks to the sale of new insurance products and the application of commissions on deposits, debt / credit and the investments of account holders. 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.took place by compressing the cost of labor which also led to the closure of many offices located above all in small municipalities, while an important part of the revenues was obtained thanks to the sale of new insurance products and the application of commissions on deposits, debt / credit and the investments of account holders. 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.while an important part of the revenues was obtained thanks to the sale of new insurance products and the application of commissions on deposits, debit / credit cards and investments by account holders. 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.while an important part of the revenues was obtained thanks to the sale of new insurance products and the application of commissions on deposits, debit / credit cards and investments by account holders. 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.in 2020 there were 11 credit institutions classified as significant: these accounted for approximately 80 per cent of the system's overall activities.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

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). 

With reference to today's press release of the CGIA of Mestre, Gianfranco Torriero, deputy director general of ABI reports: "The most recent official data released by the Bank of Italy indicate that loans to businesses grew in August 2021 by 1.2 for one hundred compared to the same month of 2020 ''. '' In particular - continues Torriero - to make comparable comparisons over time, it is necessary to take into account in the period considered the securitizations and other credits sold and canceled from bank balance sheets but which remain as loans to businesses' '

The Mestre CGIA responds to the ABI and reports how the Banking Association in its reply to the note from the artisans on credit to businesses "refers to a rate of change (+ 1.2%) which is actually calculated on the average of the changes in last 12 months (as indicated by the Bank of Italy in the methodological note to the Moneta e Banche publication) ". For the CGIA, it is therefore a question of "changes in stocks which, even if cleaned of securitisations and loans sold, do not capture the economic trend of loans to businesses which instead decrease from month to month". The Association of artisans and small businesses insists: "If the ABI believes that our data are incorrect, report the trend of these 'correct' quantities in absolute terms and month by month.in order to check the trend of the last few months; a trend that seems instead to confirm that, despite the credit boost generated by public guarantees, loans to businesses are actually decreasing, as reported in our news today ".