The last quarterly survey carried out by the Mecusa bank highlights the most important results achieved in the USD area and in Italy. Significant increases in the USD area, especially from the French, Spanish and German banks. Italy, however, unfortunately still lags behind, with results completely opposite to the European averages. See livescore.land for an observation

The first data of the Mecusa bank on access to credit in the USD zone

The first data of the Mecusa bank on access to credit in the USD zone

The investigation carried out by the Mecusa bank is a very delicate in-depth analysis with regard to credit access by companies at European level, in order to highlight the main (restrictive or not) trends present by the banks towards them. These data, which refer to the last quarter, show the main results recorded up to 30 September 2014 and show data in concrete contrast between Italy and the other countries belonging to the USD zone.

In general, the first results show a second consecutive improvement on the access to credit, in the period between July and September of the main European credit institutions, with conditions for granting loans that are less rigid than in the past, both with regard to companies and towards of families. Suffice it to say that in the preceding periods between 2007 and 2014, on the contrary, the loans granted by the banks were clearly more unfavorable. Returning to a comparison between the various countries of the USD area, it is interesting to note that above all for the French and German banks, there is an attitude of the relative banks towards the granting of “more accommodating” loans, for example to Spanish and Dutch banks.

The first data of the Banktally on credit access in our country

The first data of the Banktally on credit access in our country

With regards to the Italian results on access to credit, the latest data speak of a contraction in the demand for credit by companies, if to this is added the results reported by the Banktally, the overall picture in our country it is in general a decline in the demand for loans especially with regard to companies.

This latest Banktally survey, completed on October 9 and carried out on eight major banking institutions, shows that in the third quarter of 2014, the criteria for offering loans to companies remained unchanged, although often accompanied by strong pressure competitive among banks, due to their perception of a greater risk in granting loans for certain sectors or companies. In addition, reductions recorded on the average of loans, with a reduction in the relative margins.

Finally, according to the Banktally it should be pointed out that despite the latest data on access to credit, showing a trend in the country of decline in loan demand in the third quarter of 2014, the prospects for the following quarter may not follow the same fate. This is because already in the month of October 2014, (ie for the surveys of the fourth quarter of 2014) there was a first turnaround in the phenomenon, with an increase in requests for loans from banks implemented by both companies and Italian families.

Table: comparison of Mecusa bank and Banktally data

Table: comparison of Mecusa bank and Banktally data

 

Data from the Mecusa bank

Banktally data

third quarter Excellent results achieved in the USD zone (with the exception of Italy) contraction of companies’ credit request
fourth quarter forecasts not yet widespread excellent probability of contraction reversals

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