Recovery in consumption for Experian, loans in decline for the Bank of Italy
According to the Experian-FootFall surveys, although still negative, on a yearly basis, consumption would net recovery. The strong scaling of the decline on an annual basis, in fact, increased from -3.3% in February to a value more than halved (-1.1%) in April, and the comforting dell’affluenza rise on a monthly basis, the increased ‘1, 6% in April after the first positive signal in March (+0.9%). Still remains negative on the index in the first quarter 2009 (-1.9% compared to the same period in 2008), the accomplice strong post-winter decline in sales. “The turnout to malls is still decreasing, but one begins to see the light at the end of the tunnel,” said Nicola Fagnoni, Sales Manager FootFall Italy. “The growth of the last two months is very comforting el’affluenza is back close to record levels of early 2008. Moreover, the performance indices of the Footfall is still better than that of general consumption, a sign that the malls are resisting the crisis better than other forms of distribution. ”
Loans declining? Perhaps no
The family tightens its belt and is less money to loan, leads the purchase of the home or the refinancing of the loan: in particular in the fourth quarter of 2008, the market for loans to purchase dwellings for families to consumers fell by 9% even in regions that were reported as the largest development the Friuli Venezia Giulia, where the decline reached 19% nell’ulimo quarter 2008 compared to the same period in 2007 (data Bankitalia). Meanwhile, June 4, the ECB has left its refinancing rate to 1%. Bulletin on the Bank of Italy says that the interest rates on mortgages are still declining.
For CRIF, the Bolognese company has recently acquired the Italian subsidiary of Dun & Bradstreet (D & B), a leading provider worldwide in the field of cormmerciali information about companies and decision-making systems of credit scoring, in April would have recorded the turning The demand for loans has been a +9% in April and +2% in the first quarter 2009. A confirmation of the upward trend (in March 2009 had recorded a +10% and +2% in February a) shall read Barometer demand loans, which has reversed the negative trend dell’annus horribilis for the loans, that in 2008 he had reported in January 2009 as the heavier (-15%). The data in the demand for loans by the Italian families in the first quarter of consolidating such a positive (+2%) compared to the first quarter of 2008, which could mark the turning point, whereas the comparison between the first quarter 2008 and the equivalent period of 2007 had marked a decline in demand of -2%. Different the situation for personal loans, we read in the barometer of the loans: in April the demand for new loans from the Italian families, in its pool of personal loans more loans at a weighted (ie equality of working days compared to same month of 2008) has reported an 8%, resetting expectations for reversal that were triggered in March, when the demand for new loans had attested to a “zero growth” after 10 months with consistently negative .
The interest-free bank
E ‘game in Italy a new bank that looks like “the bank without interest, although in reality the interests are, but are calculated differently. It’s called Jak Bank, is a born September 13 last year in Florence, see the website www.jakbankitalia.it, and it works like this: do not apply or interest on deposits paid by shareholders nor to loans, the most important thing today times of very high rates for loans (Read here). In fact, however, on deposits and loans are ridistrubuiti labor costs and expenses. The name derives from the Swedish JAK bank Medlemsbank (www.jak.se) founded in 1965, which in turn comes the acronym Jord Arbete Kapital, in Swedish Land Labor Capital. For Earth are the resources of nature, to work on the resource by human labor, for capital infrastructure created by man that can enhance their efficiency: the 3 key principles in the real economy. E ‘a bank that educates and helps to save many to escape the spiral of debt. Part by the bitter fact that 90% of people pay on average, of interest, more than they receive. There is an ethical investment destination type of environment, social, and so forth. Provide for the most loans for home or for use, especially in individuals. The JAK Medlemsbank currently manages a turnover assessed around 90 million Euros and has about 36,000 members (since December 2008). L’Associazione Culturale Italy JAK Bank’s objective in the short term, starting with a pilot spreading geographically later.
Ethical Banking helps families and small businesses
Credits and subsidized loans for households and small businesses. This is the first objective of the Ethical Banking, see the website www.ethicalbanking.it, the new ethics in the finance sector stems from the staff of the Cassa Rurale di Bolzano along with 18 other subsidiaries of the Raiffeisen Bank and 3 other BCC regions. Recently was also the Association for its promotion through activities and projects to raise awareness on the issue of ethical finance as presentations, round tables, press conferences, events, concerts, travel and so on. The members are informed and invited to the celebrations and events organized in the field of finance ethics and can participate in upgrades and training, help organize the events of becoming active within it. Among the initiatives Ethical banking is the “Statement of the Sun” a free online account that also offers up to 10 transactions a quarter-stop free (otherwise the cost is 1.10 euro for transaction). The free card and ATM withdrawals and all other work locations across the Casse Raiffeisen ATMs in South Tyrol and the Pension Credit Cooperativo across Italy. The bill is aimed also to associations, non-profit, ONLUS, parishes, who wish to finance their social cultural and environmental concerns. Among the companies supported by the new bank’s ethics CRESUD, www.cresud.it site, a financial company, based in Milan, which is active in providing microcredit loans to sustainable conditions. The direct beneficiaries are micro-credit organizations, producers of fair trade, cooperatives, associations and NGOs in Latin America, Africa and Asia. The chairman of CRESUD, Andrea Berrini, has recently published “The Novel of Microcredit”, a volume that traces the history of the various micro-credit in the South (the Amazon jungle, the slums of Africa, the distant islands of Polynesia).
The credit card with the baby sitter
The paper is not new, but innovation is the combination: Friuladria, the French Crédit Agricole Group has put in the basket CartaSì Platinum, with a monthly credit of not less than 10 thousand euros, which among other benefits also to find the baby sitter, the booking of shows, organization of festivals and the translation of texts. To this are added benefit insurance and assistance services in the daily (24 hours medical service on 24, finding and sending the baby-sitter, handling paperwork, service at home), leisure (reservations and purchase tickets for events and shows , organizing parties and receptions, translated texts), in emergency situations (car care, replacement card anywhere within 2 days, cash advance), traveling and on vacation (exclusive hire reservation, tourist information, retrieving forgotten items during their stay in hotels). Finally, any other services dedicated to the holder of CartaSi are Platinum MasterCard Premium Collection, which provides discounts and exclusive offers from partners of prestige, and Sentinel, an additional service to protect papers and documents in the case of theft or loss.
The card with the key tribute
The group Credito Valtellinese (CREVAL) is reviewing its objectives, in particular in the mortgage industry has just launched a securitization of residential and commercial loans for 1.366 billion euros, fully subscribed by the banks of the group. The operation, carried out through Quadrivium Finance, it is stated in a press release, is part of prudent expansion of assets to the facility at the ECB. Its product list is expanding with new offerings aimed in particular at younger customers like the prepaid teen perta @ cart designed for teens ages 12 to 17 years to make purchases in stores, taking over the counter and ATM-ATM recharge your mobile phone without a bank account. Free online recharges and ATMs Group. In tribute, until the end of the year for new subscribers a USB Memory Stick 2 Gb.
The loan-to-point point quota reaches 700 thousand euros
Boober (www.boober.it), Italian Platform for loans between private and online banking, has reached 700,000 euros paid out more than 120 loans. Sought, in addition, availability of funding from donors of more than 5 million. What Boober? Boober.it allows the so-called peer-to-peer lending directly in Italy (Read here): on site, users can meet, meet and talk through the forum, style 2.0. So those who want to choose to lend money from time to time grant applicants that their confidence. “The results achieved by Boober represent an excellent achievement and a strong incentive to invest in the quality of the platform, starting from the protection of the safety features that our marketplace but also developing new applications and services for users,” said Manolo Maffeis CEO of Centax which took over Boober. “Today the market share of the peer-to-peer lending is still small but growing fast, then we insist on a fundamental policy research” avant-garde technology which has always characterized our company and has always led to the achievement major goals. ”
Protected Bag Orange: fixed annual return of 5.50% and capital protection of 70%
ING DIRECT proposes new conditions for Borsa Protected Orange, the “fund for savers who do not like taking too many risks, but at the same time they want to seize opportunities for profit in the event of adverse market.” Savers can know in advance of their performance or the maximum loss sustainable. If after a year, the performance index DJEurostoxx50 reference will be positive or negative up to 30%, customers will receive a fixed return equal to 5.50%. If the index has registered a performance of less than -30%, customers will still have the protection of 70% of the capital. At the end of each year the choices are three: keeping the investment reinvest the capital and the possible yield obtained for a further year under the new conditions, an additional investment that will be added to principal and any return made, or ask the and exit from financial reimbursement. Who want to disinvest before will do so annually weekly market values. The minimum investment is 100 euros. The subscription shall be permitted during the period from 27 May to 2 August 2009 and takes place through Orange Account. As with all Orange Investments, including stock market is characterized by Protected zero cost of entry and exit.
The professional trading platform Websella.it
Websella.it, the online bank account Saddle, has activated from the end of May, the professional platform for online trading SellaXtrading, free and convenient to the most demanding traders. E ‘with an innovative interface, customizable, allowing you to have incorporated the main features of trading (price board, book, mask insertion orders, order status, etc..), A customizable display prices due to “personal views” of advanced research of the securities and financial instruments on which to operate, professional charts updated in push mode, with technical analysis indicators, drawing tools and ability to customize the time frame in addition to the possibility of strategies and conditional orders (stop orders, and stop traling ). E ‘possible to manage debt as listed on MOT and TLX, with best execution dynamics adjusted EURO (including the euro as currency revenue ITL), for which the Bank has defined as a core market for these electronic markets, convertible bonds treated MTA commissions ranging from 15 euros, if you choose the fee fixed a quota of 0.20% (min. 5 euro max.19, 95 euros), if you choose the fee variable. The choice / change in the fee profile to be “fixed variable” or “variable-to-fixed” it may be effttua directly in the platform of online trading no more frequently than weekly.
June last month to 4.25%
Expires at the end of the option in June to 4.25% gross on account of Super Hypo Hypo Alpe Adria Bank, with a traditional bank’s physical distribution network in Northern Italy. This is not a current account online and even have a simple storage, but a current account from the facility, complete with all services and with zero cost: the bank will also pay the cost of stamps for accounts receivable at year end. The stock, provided a minimum of 10 thousand to a maximum of 250 thousand euros, should last at least six months. In addition to banking twenty-seven agencies located in strategic areas of the Veneto, Lombardy, Friuli Venezia Giulia, Emilia Romagna and Tuscany, Hypo Alpe Adria Bank offers to its customers a network of financial promoters, currently 130 professionals, ready to assist the saver for any need. Objective of the bank Hypo, based in Austria, is to consolidate as well as the market for lending to SMEs, even in view of the collection and management of savings by households, by providing its expertise and reliability.
