Italian bank loans fell again in August - Bank of Italy

Central bank reports 1.5% drop

By: ansa.it

Oct 09 2024
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Italian bank loans fell again

The number of new bank loans stayed on a downward trend in the 12 months up to August, falling by 1.5% with respect to the previous equivalent period, the Bank of Italy said on Wednesday.
    It said that compared to a 1.6% drop in the 12 months up to July.
    It said loans to households fell by 0.6% over the 12 months up to August (the same as in the previous month), while those to non-financial companies fell by 3.5%, compared to -3.9 in July.
    Private sector deposits increased by 2.0% in August (1.1% in July); while bond deposits rose by 12.5% (13.3% in July).