Back the shopping desires of the Italians but not enough to reverse the trend in consumer credit dell'annus horribilis 2009. Cala but the fever of insolvencies, from a peak of 3.2% reached last March. The Italian won last year each, on average, about two loans: banks and finance companies have slipped into the pockets of consumers nearly 53 billion, 5.3% less than in 2009. Which allowed to buy cars, appliances, holidays and real estate studies and finance the restructuring and expenses health. So it went better than 2009 when the recession cut the payments in a single stroke of 5.2 billion. In 2010 it was "only" 3 billion. But the general trend has greatly influenced the "groomed" the Bank of Italy to the financial players: for example, is now forbidden to issue cards to stores the same installment financing (instant credit) or to the address of the contractor after the conclusion of a financing (it is preferable to an ad hoc contract). Or even a halt to the widespread practice of making salary renewals have elapsed before the two-fifths of the duration of funding, as required by law. According to market participants for this year's prospects are weak: a part of CIGS is not going to be renewed and this will weigh on household budgets that are the engine of consumer credit.
"These years of crisis - says Valentino Ghelli, Assofin president of the Association of the company's consumer credit - showed that consumer credit is not a social safety net, or rather, the crisis was that the conservative Italian families reduced both the propensity to consume is that indebtedness. "
In detail, according to data Assofin in 2010 were made 112.4 million transactions, down 1, 2% and the average value per transaction was € 16,300. As to the forms techniques, only grow in sheets for the personal loans, albeit a meager 0.1%, to 19.2 billion. These, like the special-purpose loans are directed to the purchase of appliances, cars, furniture or renovation of houses, but the peculiarity is that they are paid at the offices of the company or bank branches. The purpose loans instead on cashing store, but, in this case, the holding company must recognize a commission to the seller. "The growth of the purpose (+4.7% to 4.2 billion note) - Ghelli notes - is explained by the stop imposed on the card installments but also with the boom in funding for new technologies: smartphones, tablet, decoder, digital TV. "
Funding for new and used cars have dropped 11, 4% to 13.5 billion due to the braking of registrations, which gave the market fell to 20%. Speech difficult for credit card installment (-5.4%, disbursements) due to the red light imposed by the Bank of Italy to instant credit. The salary, out of the boom, fell by almost 14% to about 5 billion. "All these elements - says Giuseppe Piano Mortari, chief operating Assofin - have made households a little 'less cicadas a few years ago and now, having reduced the propensity to consume, use less to finance. Although in 2010 the company Financial have loosened the purse strings. " Perhaps because
febbriciola the default rate (a measure of new bad loans and delays of 6 or more payments in the last year) 'show - notes Daniela Bastianelli, senior analyst at CRIF Decision Solutions - a significant improvement from previous quarters: after the peak of 3.2% last March, the indicator fell to 3.1% in June and 2.9% in September. "
And for 2011? "It will be another year to play defense - Piano Mortari claims - We'll see if the volumes will be confirmed or if there are other contractions. For the rest there are the adjustments related to the regulations of Bank of Italy and probably will accentuate the process of reorganization and consolidation of the industry. " For Ghelli 'the rules of transparency Bankitalia create many more protections for consumers: it should build confidence and boost the development of consumer credit. " ©
RESERVED REPRODUCTION
NUMBERS
112 000 000
Operations financed
Last year in Italy in the consumer credit industry has been characterized by a slight reduction in the number of transactions, amounting to 112.4 million, with a stop of only 1, 2%.
19 billion
Personal Loans
The largest individual item inside the compartment is the one concerning personal loans, not intended for a specific transaction or, for example, buying a car. The industry has taken, with a stop in value by 0.1%. -19%
Motorhomes
the biggest drop in commercial vehicles, with a stop of 19%, at an altitude of 114 million.
article:
http://www.ilsole24ore.com/art/economia/2011-02-12/famiglie-difficolta-credito-consumo-094727.shtml?uuid=Aa1eck7C
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