Sabato, 20 Ottobre 2018
ROME

Loan fall-off sharpens to households and businesses

English
© ANSA

Rome, March 8 - A fall-off in bank loans to
households and businesses is sharpening, the Bank of Italy said
Friday.
In January loans fell 1.6% on an annual basis, compared to
0.9% in December, the central bank said.
Loans to households were down 0.6% over the year to January,
compared to 0.5% in December and loans to non-financial
companies off 2.8% compared ton 2.2% the previous month.
Bad loans continued to rise, showing a 17.5% hike in January
but deposits continued to swell, growing 7.7%.

photo: Bank of Italy chief Ignazio Visco

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