Corrado Passera, chief executive of Intesa-Sanpaolo, has demonstrated its optimism about the Italian financial soundness of the building during a meeting with journalists Saturday, September 8, meeting focused on the mortgage crisis , an issue that remains on the agenda, as announced by the agency if Radiocor Economy Minister Tommaso Padoa-Schioppa has called for a Sept. 13 meeting of the ICRC, which attended by the Governor of the Bank of Italy, Mario Draghi, Consob and the presidents and Isvap, Lamberto Cardia and Giancarlo Giannini.
Passera has substantiated his reading, however reassuring the Italian specificity with a series of data. "Families - said Passera - you are in debt in a rational manner. We still maintain the rule that the monthly payment is 30% of disposable income. " In terms of overall wealth, the level of their debt is on average equal to 40% of assets against 'double or triple levels found in European countries and the United States. " The
subprimer classics that have no income or assets to be given a guarantee, are not animals known to the Italian branch. Where, in the end, beyond the initial conditions of individual households applying for a mortgage to buy a house, bad debts are only 1, 5% of the total. But if a comprehensive look at the issue of mortgage risk is small, there is the discomfort of individual cases. Discomfort exacerbated by the growth rates of the last two years. "On a loan of € 100 000 - recognizes Passera - an increase of the rate is between 100 and the 120 €. An increase is not insignificant, but it can be addressed through free of charge at a fixed rate or extending the term of the mortgage. "
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