According to a study by the CGIA Mestre debts of Italian companies have nearly doubled. In the period 1999-2009 the debt of Italian companies has increased by 93.6%. The indebtedness of Italian firms towards the banks came in 2009 to 933 billion euros. On average, each firm has a debt with the banks to 176,596 euros.
The province with the most indebted companies is the province of Milan with an average debt per farm amounted to 418,361 euros. Following Brescia, with an average debt per farm amounted to 324,037, and Siena, with an average debt per farm amounted to 296,787 euros.
The greater increase in debt last decade has occurred in the province of Siena (+229.7%). Second in the province of Rimini (with debt increased by 191.8%) and third in the province of Grosseto (with debt increased by 156.9%).
While from 1999 to 2008 the increase in debt has been gradually between 2008 and 2009 the corporate debt fell by 2%, is due to the credit crunch brought about by the banks due to the reduction of loan advanced businesses.