The ABI reports that on the basis of the data on non-performing loans, just published by the Bank of Italy, it is possible to take a snapshot of the degree of riskiness of loans in the various economic sectors.
In September 2023, the ratio between bad loans before devaluations and loans to businesses was 3,10%, a value slightly higher than the 3,06% in September 2022.
The economic sector with the highest value of the gross bad debts to loans ratio is construction, with 6,82%, but a decrease compared to the September 2022 figure, when it was 7,31%. Followed by the textile and clothing industry sector (4,55%), real estate activities (4,30%), the wood and furniture industry (4,28%), the accommodation and catering (3,74%), wholesale and retail trade and repair of motor vehicles and motorcycles (3,55%).
The lowest level of risk is related to the sectors of oil refining, chemical and pharmaceutical products (0,69%), professional, scientific and technical activities (1,18%), the supply of electricity and gas (1,31 .1,52%), the manufacture of motor vehicles and other means of transport (1,66%), the manufacture of machinery and mechanical equipment (1,71%), information and communication services (XNUMX%).
Of the 25 sectors present in the Bank of Italy's statistics, 17 show an increase in the risk index between September 2022 and September 2023. The highest increase is related to the textile and clothing industries with a ratio between bad debts and loans that went from 3,53% to 4,55%. Among the 8 sectors that present a reduction in the indicator, the most significant decrease is related to the mineral extraction sector, which went from 3,65% in September 2022 to 2,20% in September 2023.
Non-performing loans, based on the latest available data relating to June 2023, represent approximately 40% of total impaired loans, 56% are unlikely to pay and 4% are overdue loans.
The availability of the bad debts item broken down by sectors of economic activity helps to capture the evolution of credit risk promptly and with a high level of detail.