This was reported by Unimpresa which underlines that it is a decrease of 2.4% in just three months
The long wave of the economic crisis caused by the pandemic and, above all, the increase in energy bills are felt on the savings of companies and citizens with a trend reversal, after almost three years of constant growth, and a reduction of more than 50 billion euros in current account deposits. This was reported by Unimpresa which underlines that it is a decrease of 2.4% in just three months: in July, in fact, the amount of household and business reserves deposited in the country’s banks was 2,097 billion, while in October it dropped to 2,047 billion.
The analysis by the Unimpresa Study Center suggests that the sudden outflow could have some repercussions on the collection of credit institutions, which could become more expensive, with negative effects on loans in the future, in particular on the interest rates charged on loans granted to customers .
“What we have before our eyes is a photograph of a dramatic situation, which we, unfortunately, had been planning for some time. Strength and liquidity are failing, both for families and for businesses, especially the smaller ones. The costs are unsustainable, the energy bills are no longer manageable. That’s why, whoever has the opportunity, draws on their own reserves. We acknowledge the company’s government for having packaged a budget law that is positive in any case and in a very short time, however we point out the urgency of starting a extraordinary plan of public interventions and support starting in January» comments the president of Unimpresa, Giovanna Ferrara.