TERAMO. The latest report on the Abruzzo economy published on 13 June by the Bank of Italy, among the various items analyzed also photographs the trend of the main credit variables such as loans and collections from savings. With regards to the loans that the banking sector provides to individuals and businesses, the province of Teramo is the only one with a positive dynamic in the years 2021-2023, with significant gaps compared to the other provinces, demonstrating both the banking sector’s trust in companies and Teramo families, and a positive demand for investments. The province of Teramo is the one in Abruzzo where the percentage change between December 2022 and December 2023 is lower (-1.9%): the weight of loans went from 5.78 billion in 2022 to 5.65 in 2023. It should be underlined that the stock of loans in the Teramo area, in relation to the population, is the highest in the region.
Although partial, because they do not include some forms of savings, the data on bank deposits and deposited securities also show a more marked progress for the province of Teramo. The former went from 6.92 billion in December 2022 to 6.97 billion in December 2023; the securities under custody registered in December 2022 were 1.04 billion while in December 2023 they rose to 2.01 billion. In general, the Bank of Italy report speaks of a GDP growth in Abruzzo of 0.9 percent, in line with the national trend and slightly better than the South. As regards the credit item, the report notes that loans to the non-financial private sector decreased in 2023. Despite a marked increase in the cost of credit, the quality of credit has only deteriorated slightly for both businesses and families. After the highly expansionary phase of the previous three years, household bank deposits decreased. The search for higher returns on financial investments has encouraged a partial shift towards bonds and especially government bonds, whose impact on the value of families’ financial savings has doubled compared to the previous year.
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