Le Banche Locali E Il Finanziamento Dei Territori: Evidenze Per L’Italia (2007-2014) (When Local Banks Lend to Local Communities: Evidence from Italy (2007-2014))

38 Pages Posted: 30 Apr 2016  

Maria Lucia Stefani

Bank of Italy

Valerio Paolo Vacca

Bank of Italy

Daniele Coin Sr.

Bank of Italy

Silvia Del Prete

Bank of Italy

Cristina Demma

Bank of Italy

Maddalena Galardo

Bank of Italy

Iconio Garrì

Bank of Italy

Sauro Mocetti

Bank of Italy

Dario Pellegrino

Bank of Italy

Date Written: March 18, 2016

Abstract

Italian Abstract: Nel periodo 2007-2014, caratterizzato da due crisi eccezionalmente gravi, le banche locali italiane hanno accresciuto la loro presenza sul territorio, ampliando la rete degli sportelli mentre le altre la riducevano, e rafforzato la quota di mercato sui prestiti a famiglie e imprese. Al contempo la qualità del loro credito è fortemente peggiorata, soprattutto per le banche locali che allo scoppio della crisi erano più esposte verso clientela non tradizionale (specialmente grandi imprese) e verso il settore delle costruzioni. L’aumento della rischiosità ha inciso sugli equilibri di bilancio degli intermediari determinando un numero crescente di crisi aziendali ed è stato maggiore nelle regioni meridionali, dimostrando che i rischi del localismo bancario, se non adeguatamente governati, possono prevalere sui vantaggi.

English Abstract: During the period 2007-2014, when the Italian financial system was hit by two severe crises, Italian local banks increased their presence on local markets, expanding their branch network while other bank networks shrank, and bolstered their market share of loans to households and firms. At the same time, the quality of their credit worsened markedly, especially for those banks that at the onset of the crisis had substantial exposures to non-traditional customers (in particular large firms) and the real estate sector. The rise in loans’ riskiness, which affected the balance sheet equilibria of these local banks, with a growing number of them becoming distressed, and the larger deterioration of loans’ quality in southern regions show that local banks’ lending activity is prone to risks, which, if not adequately tackled, may ultimately outweigh the benefits of customer proximity.

Keywords: local banks, regional economies, the Financial Crisis, credit crunch

JEL Classification: G21, G01

Suggested Citation

Stefani, Maria Lucia and Vacca, Valerio Paolo and Coin, Daniele and Del Prete, Silvia and Demma, Cristina and Galardo, Maddalena and Garrì, Iconio and Mocetti, Sauro and Pellegrino, Dario, Le Banche Locali E Il Finanziamento Dei Territori: Evidenze Per L’Italia (2007-2014) (When Local Banks Lend to Local Communities: Evidence from Italy (2007-2014)) (March 18, 2016). Bank of Italy Occasional Paper No. 324. Available at SSRN: https://ssrn.com/abstract=2772534 or http://dx.doi.org/10.2139/ssrn.2772534

Maria Lucia Stefani (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Valerio Paolo Vacca

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Daniele Coin Sr.

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Silvia Del Prete

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Cristina Demma

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Maddalena Galardo

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Iconio Garrì

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Sauro Mocetti

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Dario Pellegrino

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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